Buterin: The technology-oriented period of Ethereum has passed! The next decade will focus on practical applications of L2

Ethereum founder Vitalik Buterin attended ETH Global’s Pragma London Summit on March 14. He called on the Ethereum community to change their thinking and focus on creating decentralized applications based on L2 and solutions. After the Dencun upgrade is completed, the L2 expansion solution will play a more important role.

Vitalik Buterin: The rapid development phase of the mainnet has been completed

According to Cointelegraph, Vitalik praised the importance of the Dencun upgrade during the meeting, which significantly reduces the cost of L2 submitting proofs to the Ethereum mainnet. , enabling L2Rollup to achieve capacity expansion.

He pointed out: The Dencun upgrade enables the Ethereum ecosystem to get rid of the Layer 1-centered pattern. The development stage of the Ethereum main network is in a slowdown stage, shifting from rapid updates to a stage that pays more attention to maintenance. In fact, I think the period of greatest change is over, which is great.

However, this does not weaken the importance of Ethereum as the underlying public chain, and it will still be the basis for L2’s survival.

Vitalik emphasized that technological advances in the L1 field, including zero-knowledge proof (ZKP), can further provide users with privacy protection and make it easier for L2 to build DApps. Compared with five years ago, it is now easier to build such applications The difficulty has been significantly reduced.

The next decade of Ethereum

Vitalik pointed out that it has been ten years since the advent of Ethereum, and this first decade is a period of internal development (that is, technology-oriented). Ecosystems mostly focus only on developing products for themselves.

In the next decade, its development methods will need to be significantly changed to have a significant impact on the Internet and traditional financial systems.

He said: In the past, developers always tried to meet the needs of other high-end technicians and create wonderful technologies, but Ethereum needs to break through the status quo and have a major impact on the world in the next ten years.

Vitalik expects that the L2-oriented thinking mode should dominate in the future, and the focus should be on application developers.

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