Vitalik speaks in Hong Kong, can Ethereum rise out of the shadow of the "bear market"?
On the morning of April 8, Ethereum founder Vitalik returned to Hong Kong after a year and attended the Web3 Scholars Summit. Vitalik's speech was highly captivating, with a full house and continuous applause during the presentation.
However, at the same time that Vitalik appeared in Hong Kong, the market situation for Ethereum was not optimistic. Market data shows that Ethereum's latest quote is $1,537, having dropped over 60% from its previous high of $4,000. On April 7, Ethereum even fell below the $1,500 mark, with a single-day drop exceeding 15%, causing significant concern among investors.
In the face of Ethereum's current market situation, as the soul of the Ethereum community, Vitalik is not focused on the price. His attention remains on the technical development of Ethereum. During this speech, Vitalik reiterated Ethereum's long-term goals:
Achieving 12-second native asynchronous communication between L2 and L1: The realization of this goal will greatly enhance the data transmission efficiency of the Ethereum network, making interactions between different layers smoother and laying a solid foundation for future application expansion.
User operation mode and cost optimization: Users will still be able to perform various operations through intention mode, such as achieving delays of less than 12 seconds or lower costs. At the same time, liquidity costs will be significantly reduced, attracting more developers and users into the Ethereum ecosystem.
Strengthening the coupling between L2 and L1: Significantly enhancing the coupling between L2 and L1, promoting more applications to deploy components simultaneously on L2 and L1. This helps improve the overall integrity and synergy of the Ethereum ecosystem, allowing different application scenarios to better integrate.
Vitalik Buterin also pointed out that to accelerate L2 confirmation times and build a more integrated and unified Ethereum system, the following key tasks need to be completed: ZK+TEE+OP "choose two from three" design, L1 asynchronous load, proof aggregation, and reducing proof delay.
On the morning of April 8, Ethereum founder Vitalik returned to Hong Kong after a year and attended the Web3 Scholars Summit. Vitalik's speech was highly captivating, with a full house and continuous applause during the presentation.
However, at the same time that Vitalik appeared in Hong Kong, the market situation for Ethereum was not optimistic. Market data shows that Ethereum's latest quote is $1,537, having dropped over 60% from its previous high of $4,000. On April 7, Ethereum even fell below the $1,500 mark, with a single-day drop exceeding 15%, causing significant concern among investors.
In the face of Ethereum's current market situation, as the soul of the Ethereum community, Vitalik is not focused on the price. His attention remains on the technical development of Ethereum. During this speech, Vitalik reiterated Ethereum's long-term goals:
Achieving 12-second native asynchronous communication between L2 and L1: The realization of this goal will greatly enhance the data transmission efficiency of the Ethereum network, making interactions between different layers smoother and laying a solid foundation for future application expansion.
User operation mode and cost optimization: Users will still be able to perform various operations through intention mode, such as achieving delays of less than 12 seconds or lower costs. At the same time, liquidity costs will be significantly reduced, attracting more developers and users into the Ethereum ecosystem.
Strengthening the coupling between L2 and L1: Significantly enhancing the coupling between L2 and L1, promoting more applications to deploy components simultaneously on L2 and L1. This helps improve the overall integrity and synergy of the Ethereum ecosystem, allowing different application scenarios to better integrate.
Vitalik Buterin also pointed out that to accelerate L2 confirmation times and build a more integrated and unified Ethereum system, the following key tasks need to be completed: ZK+TEE+OP "choose two from three" design, L1 asynchronous load, proof aggregation, and reducing proof delay.
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