A panel of Ethereum thinkers in Bangkok today tackled the issues of Ethereum’s changing identity, and how to unify its fragmented eco-system.
Hart Lambur, Uma and Across Protocol, asked Vitalik Buterin and Stephen Goldfeder questions about the issues facing Ethereum and its roadmap.
Lambur emphasized the advances Ethereum made by enabling “blobs” This lowered layer-2 costs, and increased the number of transactions per second. Ethereum’s rapid growth has also led to fragmentation. This is causing concerns regarding interoperability, and the user experience.
Buterin complained about the necessity of custom solutions for users who operate on multiple chains. He compared the perfect Ethereum experience with Web2, which seamlessly integrates everything behind the scenes.
“If Ethereum cannot meet that level of experience,” Buterin warned, “it’s going to lose to things that do.” He praised L2 developers and the wallet team for tackling this challenge head-on.
A crucial issue was discussed by the panel: The competition between Base, Optimism, Arbitrum and other platforms for developer and user attention. Stephen Goldfeder shared a common sentiment, saying that users shouldn’t have to deal with complex infrastructure. He advocated a “unified Ethereum,” Imagine seamless transitions between chains in the ecosystem.
Jones and Pollak echoed each other’s call for interoperability, without restrictions, by referring to Ethereum’s Superchain concept, which allows user-friendly interactions between chains. This suggests the fierce competition among the major blockchains. “constellations” It is not a reality that L2 networks exist.
One of the biggest challenges is bridging gaps in technical and practical knowledge. Jones claimed that EVM-equivalence would theoretically make deployment easier, but the reality is quite different.
Vitalik emphasized the importance of a smoother asset transfer across chains, and agreed that interfaces are needed. “hide addresses,” That often confuses users by favoring names would help. Base’s attention to simplicity and ease of use in wallets underscores Pollak’s focus. “open source on open standards,” aimed at empowering users even if centralized entities — like Coinbase — were to fail.
The panel discussed the necessity of on-chain configurations in L2 networks. The Ethereum ecosystem relies on parameters such as chain IDs or other identifiers to distinguish each L2. Standard data points are established across the networks so that wallets, Dapps and Users can interact and recognize different L2s. These standards can be expanded to enable greater interoperability between L2s and seamless interaction.
One significant benefit of standard on-chain configs is the potential for a universal light client — a tool that verifies and interacts with multiple L2s without requiring chain-specific adaptations. So, a light client can authenticate all transactions and validate data on participating L2s. It reduces the technical friction and creates a network that is more seamless, where data, assets, and applications can easily flow between chains.
Pollak stated that standardized protocols, such as RIP 7755 and ERC, without protocol changes, can facilitate operations across chains, including advanced verification structures.
Jones and Buterin highlighted the long term goal to bring rollups into Stage 1 or 2. This will mitigate governance risks. A need for secure, fast bridging has been identified, in particular with wallets that integrate chain abstraction.
The panel outlined a common mission, which was to enhance the user experience while maintaining Ethereum’s decentralized philosophy, and create an ecosystem that puts users at the forefront, rather than chains.
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
