The Current Status and Future Outlook of Ethereum

Recently, Ethereum has faced numerous challenges, including poor price performance and slow technological development. This article invites industry experts Dr. Zhou and Lawrence to discuss the current status and future development prospects of Ethereum.

Main Issues Facing Ethereum

1. The Layer2 strategy has failed to effectively enhance the value of Ethereum.

2. The technological development and engineering progress are slow, with only one major upgrade each year.

3. The extreme pursuit of decentralization has affected efficiency improvement.

4. There is a disconnection between the R&D team and the development team.

5. On-chain innovation and business models are lacking, and activity is not as high as in the previous bull market.

Ethereum Reform Trends

1. Refocus on Layer 1 scalability, aiming for a 10x increase within a year.

2. Restructure the organization and lay off employees

3. Introduce new executive directors to strengthen engineering and R&D capabilities.

4. Optimize client performance, such as performance improvements of Geth and Nethermind.

5. Relax the extreme pursuit of decentralization and focus more on practicality.

Experts' Views on Ethereum

Two experts have a cautiously optimistic attitude towards Ethereum:

• Advantages: Strong developer ecosystem and network effects, leading position in the DeFi space.

• Concerns: Whether it can completely change the overly idealistic and conservative attitude, and whether Vitalik's influence will weaken.

• Suggestion: Hope to see Ethereum become more aggressive, willing to try and make mistakes, and that Vitalik can listen more to the community's voice.

Overall, Ethereum still has significant room for development, but it needs to find a better balance between ideals and reality.