Ethereum 2.0: Reconstructing the Ecosystem and Leading a New Era of Web3

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Ethereum New Era: Building a Unified, Smooth, and Secure Blockchain Ecosystem

Recently, some opinions suggest that Ethereum is facing challenges from other public chains, and its ecosystem may be declining. However, the reality appears to be different. Ethereum is undergoing a profound transformation, moving towards a simpler and more powerful direction.

Ethereum is adopting a modular strategy to reshape its underlying architecture: the mainnet focuses on security and settlement, while Layer 2 is responsible for enhancing performance and user experience. This strategy is bringing about a series of exciting changes: smart contract wallets are becoming increasingly popular, transaction fees have significantly decreased, and user experience has improved markedly.

Through technologies such as Rollup, EIP-4844, and account abstraction, Ethereum is building a smooth, flexible, secure, and unified ecosystem.

The New Dawn of "World Computing": A Glimpse into the Future Outline Emerged from Ethereum

Ethereum Mainnet: An Unshakeable Foundation of Trust

Despite Layer 2 attracting a large amount of high-frequency trading, the Ethereum mainnet remains the core hub for capital, protocols, and developers.

  1. Economic Dominance: The total locked value of Ethereum is approximately $62 billion, far exceeding other Blockchains. Its stablecoin market capitalization surpasses $126 billion, making it the largest stablecoin network in the world. The huge trading volume of decentralized exchanges (DEX) primarily comes from the Ethereum ecosystem.

  2. Strategic Transformation: Ethereum is shifting from the vision of a "world computer" to that of a "world ledger," aiming to become the most neutral and secure settlement layer for global finance and digital assets. Its "trillion-dollar security" plan aims to create a solid foundation capable of supporting vast amounts of assets.

  3. Institutional Involvement: Traditional financial giants are building the future financial system on Ethereum. With the improvement of regulatory frameworks, more compliant funds are expected to enter the market.

Layer2: The New Engine for Growth

The scalability solution of Ethereum has transformed from theory into reality, reshaping the division of labor in the blockchain world:

  1. Transaction volume surges, costs drop significantly: The total daily transaction volume of mainstream Layer 2 has exceeded that of the mainnet, with the key being that transaction costs have decreased by 10 to 100 times. This paves the way for the realization of "free transactions."

  2. Dencun Upgrade: Layer2 Exclusive Expressway: The introduction of the "Blob" data space significantly reduces the data publishing costs for Layer2, laying the foundation for a scaling revolution. Future technical upgrades will further optimize this data channel.

The New Dawn of "World Computing": A Perspective on the Emerging Future of Ethereum

Account Abstraction: A Revolution in User Experience

Account abstraction technology aims to address the usability issues of Web3, which is key to attracting the next billion users. It transforms wallets into programmable "smart accounts," bringing about the following changes:

  1. The End of Gas Fee Issues: Users no longer need to worry about Gas fees; applications can pay on behalf of users or allow payment in stablecoins.

  2. Enhanced Security: Account recovery will become simpler and safer through mechanisms such as social recovery or email recovery.

  3. Smooth User Experience: Utilize technologies such as Passkey and session keys to achieve a seamless login and operation experience similar to Web2.

Unified Ecosystem: Breaking Down On-Chain Islands

After addressing the issues of cost and ease of use, the final challenge for the Ethereum ecosystem is fragmentation. Interoperability technologies are connecting different Layer 2s to build a unified ecosystem:

  • Intents: Users only need to express their final goal, and the system will automatically execute the optimal path.
  • Shared Sorter: Ensures the security and atomicity of cross-chain operations.
  • Cross-chain session key: Achieve automated management of multi-chain assets.

The New Dawn of the "World Computer": A Perspective on the Emerging Future of Ethereum

Looking to the Future

The unified Ethereum ecosystem has begun to take shape. The mainnet ensures trust, Layer 2 provides performance, account abstraction optimizes access, and interoperability technologies seamlessly connect all of this. Web3 wallets are transforming into smart ecosystem gateways, becoming reliable guides for users in this new world.

We are standing at a brand new starting point of the value internet, which will be unified, open, and easy to use. The Ethereum ecosystem of this new era will bring users unprecedented experiences and opportunities.

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PanicSeller69vip
· 08-09 05:03
V 神 yyds!!!
Reply0
AirdropDreamBreakervip
· 08-09 04:51
Put less p, gg in the morning and evening.
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NftCollectorsvip
· 08-09 04:48
The decrease in gas is remarkably similar to Picasso's commercial transformation during the Blue Period. Insightful!
View OriginalReply0
DefiPlaybookvip
· 08-09 04:43
Layer 2 is just for fun, the old V is the real deal.
View OriginalReply0
MoonRocketTeamvip
· 08-09 04:39
eth spacecraft refueling completed, accelerating To da moon
View OriginalReply0
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