Ethereum's mastermind, Vitalik Buterin, reveals detailed plans highlighting L1 scalability, data storage in Blobs, and prioritizing user experience as key focus areas.
Revised Article:
Hey there! Let's dive into Ethereum Foundation's long-term vision as laid out by Aya Miyaguchi and co-founder Vitalik Buterin. They're all about decentralization, empowering the community, and building a technologically resilient ecosystem.
In a April 28 blog post, they've underscored a priority shift towards Layer 1s (L1s), Blobs, and user experience (UX) to cater to the global Ethereum ecosystem.
Ethereum's Mission
Buterin and Miyaguchi are on a mission to ensure Ethereum users reap the full benefits of the underlying blockchain, while holistically strengthening the ecosystem's resilience and decentralization. They aim to optimize ETH usage across diverse applications, such as decentralized finance, social media, and AI coordination platforms.
To maintain the resilience of the Ethereum blockchain, they plan to focus on decentralization, risk management, and fostering a diverse development community.
Key objectives for the coming year include amplifying the mainnet's scalability, advancing Blobs technology, and enhancing UX across the chain. They also emphasize the need for Boosting L1 and L2 interoperability, refining the application layer, and shining the spotlight on developers and applications at events like Devcon.
Blobs, recently introduced through the Dencun upgrade and EIP-4844 (Proto-Danksharding), offer a more economical way for L2 rollups to post data to the Ethereum mainnet, addressing long-standing issues of high fees and network congestion.
The non-profit organization is also focusing on refining both user and developer experiences. For users, this means simplifying gas fee comprehension, boosting wallet usability, and ensuring smooth interaction across L2 networks. For developers, the goal is to streamline the development process through better tools, documentation, grants, and education.
Leadership Redesign
Simultaneously, the organization has announced a revamp of its leadership to streamline strategic execution, boost internal operations, and provide additional support as Ethereum expands.
In March, the EF appointed Hsiao-Wei Wang and Tomasz K. Stańczak as co-executive directors. Their aim is to balance operational and technical expertise, overseeing strategic planning, ecosystem development, and daily operations. They're joined by Bastian Aue and Josh Stark, who will strengthen areas such as organizational strategy, hiring, project management, and communications.
Wang and Stańczak, in a joint statement, committed to upholding four guiding principles: censorship resistance, open-source development, privacy, and security. Stańczak will prioritize accelerating technical infrastructure execution, while Wang will serve as a strategic bridge between the board and operations.
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Sources:
- Ethereum Foundation Blog
- CoinDesk
- Bloomberg
- Decrypt
- Decentralized Finance
- Aya Miyaguchi and Vitalik Buterin, co-founders of Ethereum Foundation, aim to strengthen the Ethereum ecosystem by prioritizing Layer 1s (L1s), Blobs, and user experience (UX), thus optimizing Ethereum usage across diverse applications.
- The Ethereum Foundation plans to focus on decentralization, risk management, and fostering a diverse development community to maintain the resilience of the Ethereum blockchain, and also aims to boost L1 and L2 interoperability, refine the application layer, and streamline the development process for developers.
- In a bid to optimize Ethereum's blockchain, the revamped Ethereum Foundation leadership, led by Hsiao-Wei Wang and Tomasz K. Stanćzak, will prioritize amplifying the mainnet's scalability, advancing Blobs technology, and enhancing UX across the chain.
- The Ethereum Foundation has emphasized the need for simplifying gas fee comprehension, boosting wallet usability, and ensuring smooth interaction across L2 networks for users, while for developers, the focus is on streamlining the development process through better tools, documentation, grants, and education.
- To promote the global Ethereum ecosystem, the foundation plans to shine the spotlight on developers and applications at events like Devcon, and also aims to improve technology as demonstrated by their focus on Blobs, recently introduced through the Dencun upgrade and EIP-4844 (Proto-Danksharding).
