The Road to Ethereum's Expansion: Building a Global, Decentralized Blockchain Platform

The vision of Ethereum has always been consistent: to create a global, censorship-resistant, permissionless blockchain. This is a free and open platform for decentralized applications, built on the same principles as great free and open-source software projects like GNU + Linux, Mozilla, Tor, and Wikipedia.

In the past decade, Ethereum has not only achieved innovation in technology and economics but has also been an innovation in social technology. It demonstrates a more open and decentralized way of building, disrupting the traditional social hierarchy. In this ecosystem, the most respected are those tech geeks focused on solving real concerns, rather than those chasing power.

Ethereum has become a practical tool for millions of people. People use it to hold ETH or stablecoins as savings, make payments, use privacy tools to protect data, use ENS as a decentralized DNS alternative, utilize decentralized social networks, and gain higher returns than traditional finance through DeFi tools.

Currently, Ethereum is achieving scalability through the Layer 2 network (L2). L2 has reached a critical decentralization milestone, safeguarding billions of dollars in assets, expanding Ethereum's transaction capacity by 17 times, and significantly reducing fees. This validates the superiority of Ethereum's decentralized and modular scaling approach.

But L2 still faces two major challenges: one is insufficient capacity, and the other is interoperability issues caused by heterogeneity. For this, we need:

1. Accelerate the expansion of L1's blob space
2. Moderately expand L1 EVM and gas limits
3. Enhance the security of L2
4. Improve interoperability standards between L2s
5. Accelerate L2 deposit and withdrawal speed
6. Maintain the diversity of L2 while ensuring basic interoperability.
7. Ensure that ETH continues to accumulate value in a world dominated by L2.

To accelerate progress, we can:

• Making blob expansion a priority
• Allow stakers to directly adjust the blob target
• Strengthen cross-ecosystem cooperation to reduce redundant work.
• Promote the research of native rollup

In terms of interoperability, we need:

• Implement chain-specific address
• Standardized cross-chain bridges and messaging
• Accelerate deposit and withdrawal speed
• Implement L2 reading L1 state

For ETH economics, we should:

• Consolidate ETH as the main asset of the entire ecosystem
• Encourage L2 support for Ether value accumulation
• Partial support for rollup-based rollups
• Increase the number of blobs and income

Ethereum has matured, but it still requires active participation from all parties to jointly promote this technology and social innovation, bringing a freer and more open future to billions of people.