I was so shocked when I saw this news this morning—Vitalik is actually going to scrap Ethereum's foundation, the EVM!
This is like tearing down a foundation that has been in use for ten years; the entire crypto world might turn upside down.
Most of these messy coins out there are living off this underlying system called EVM. When Ethereum created this virtual machine, it was like installing an engine for the blockchain world, which led to DeFi, NFTs, and other fancy stuff. Now, it seems like ETH wants to replace this engine with some new ZK-RISC thing, which means they're going to rewrite the underlying code using more efficient and private technology.
If they really pull this off, the coins we hold might experience a massive earthquake. With $31 billion locked on-chain, if something goes wrong during the migration, it could lead to a chain reaction of explosions. I was browsing the developer forum last night, and some programmers were already cursing, saying it's like changing the engine on a flying airplane; one small mistake could lead to disaster.
However, if you ask me, if this risky move works out, Ethereum might achieve legendary status. ZK technology can make transaction speeds 300 times faster and allow for private smart contracts. At that point, competitors like Solana and Polygon might find themselves being crushed.
But if things go wrong... haha, the crypto world might once again be flooded with blood, and a wave of project teams running away would be unstoppable. For now, we can only pray and hope that Vitalik doesn't treat us retail investors as guinea pigs.
The crypto world is full of opportunities and risks; staying alert and finding the right timing is key. I also discovered a short-term project that has huge potential for a price surge! If you want to keep up, click on my avatar to follow me for free sharing!
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