👀 Ethereum might fully transition to ZK tech within 3-5 years, says Joe Lubin.
🔸 The CEO of Consensys pointed out that ZK proofs should bolster not just the core blockchain but also its interaction with L2s.
🔸 The main goal is to restore compatibility between networks, unite fragmented liquidity, and eventually enable users to move assets within the Ethereum ecosystem without needing bridges.
🔸 The shift to L2 has caused a fragmentation of Ethereum's liquidity across various networks. However, this was a necessary step: L2s provided space for experimentation, and now the ecosystem needs to come together again into a single infrastructure.
🔸 Some teams might leave the Ethereum Foundation and focus on the core protocol, enhancing usability, scaling, and institutional direction.
#news
🔸 The CEO of Consensys pointed out that ZK proofs should bolster not just the core blockchain but also its interaction with L2s.
🔸 The main goal is to restore compatibility between networks, unite fragmented liquidity, and eventually enable users to move assets within the Ethereum ecosystem without needing bridges.
🔸 The shift to L2 has caused a fragmentation of Ethereum's liquidity across various networks. However, this was a necessary step: L2s provided space for experimentation, and now the ecosystem needs to come together again into a single infrastructure.
🔸 Some teams might leave the Ethereum Foundation and focus on the core protocol, enhancing usability, scaling, and institutional direction.
#news