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Vitalik Buterin: ETH development has made significant progress, with a future focus on scalability and user experience.
Ethereum Founder Reflects on Development Journey and Looks to the Future
Recently, Ethereum co-founder Vitalik Buterin delivered a speech at a blockchain summit, reflecting on the development of Ethereum and looking ahead to the future. He pointed out that the Ethereum project started in November 2013 and has made significant progress in multiple areas after nearly a decade of development.
Buterin emphasized that Ethereum has made significant improvements in key areas such as transaction fees, confirmation speed, and user experience. He stated that through Layer 2 solutions, transaction fees have been reduced from several dollars or even hundreds of dollars in the early days to around $0.01 now. The transaction confirmation speed has also greatly improved, with confirmations often completed in just a few seconds.
In terms of user experience, Buterin compared early applications from 2015 with today's social media clients, pointing out that both the interface and functionality have undergone a qualitative leap. He believes that these advancements have laid the foundation for blockchain technology to reach mainstream users.
Looking ahead, Buterin proposed several key goals for Ethereum:
Buterin emphasized the importance of zero-knowledge proof technology, believing it will play a significant role in areas such as authentication and privacy protection. He also pointed out that non-financial applications need to combine on-chain and off-chain solutions to succeed on the blockchain.
Finally, Buterin encourages developers to actively explore new ideas, believing that many concepts that once failed may now succeed with technological advancements. Overall, Buterin holds an optimistic view of the future development of Ethereum, believing it has laid the technological foundation for broader applications.