Vitalik: Ethereum itself must pass the test of being "able to withdraw at any time"

ETH2,21%

PANews January 12th News, Ethereum co-founder Vitalik Buterin posted on X platform stating that Ethereum itself must pass the test of being “able to be detached at any time.” Ethereum’s positioning is to become an ideal habitat for various trustless and minimally trusted applications, whether in finance, governance, or other industries. It should support applications that are more like “tools,” rather than “services” that become completely useless if the provider stops maintenance. Even if some applications do rely on certain functions of the provider, Ethereum should minimize this dependency as much as possible and protect users to the greatest extent when dependencies fail. However, if the underlying protocol itself depends on the continuous updates of a “provider” (even if this “provider” is the collaborative process of all core developers) to maintain usability, then building the aforementioned ideal applications becomes impossible. The Ethereum blockchain itself must possess the characteristics we expect its applications to have. Therefore, Ethereum must pass the test of being “able to be detached at any time.”

This means that Ethereum should reach a stage where we can “solidify it when needed.” We do not need to stop modifying the protocol, but we must ensure that Ethereum’s value proposition no longer strictly depends on any features not yet incorporated into the protocol. This includes the following aspects: fully quantum-resistant capabilities, scalable high-performance architecture, a state architecture that can last for decades, a generalized account model, a reliable gas pricing mechanism resistant to denial-of-service attacks, an economic model based on long-term experience with proof-of-stake, a block construction model that resists centralization pressures and ensures censorship resistance. Ideally, in the coming years, we should work towards a stage where almost all future innovations can be achieved through client-side optimization and reflected in the protocol through parameter changes. Each year, we should complete at least one of these goals, preferably multiple. Based on a deep understanding of doing the right thing, doing things thoroughly in one go (rather than taking temporary compromise solutions), in the long run, this approach maximizes Ethereum’s technical and social robustness.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Aave Proposes 25,000 ETH to DeFi United for Kelp DAO Relief

Aave service providers put forth a governance proposal on Friday that would contribute 25,000 ETH worth nearly $58 million from the protocol's DAO to DeFi United, a coordinated relief effort to restore backing for rsETH following the Kelp DAO exploit, according to The Block. The proposed contributi

CryptoFrontier2h ago

ETH Liquidation Cascade: $841M Long Positions at Risk Below $2,243, $395M Shorts Exposed Above $2,461

Gate News message, April 26 — According to Coinglass data, if Ethereum (ETH) falls below $2,243, cumulative long liquidations on major CEXs would reach $841 million. Conversely, if ETH breaks above $2,461, cumulative short liquidations on major CEXs would total $395 million.

GateNews2h ago

Aave, Kelp, LayerZero Seek $71M Frozen ETH Release on Arbitrum

A coalition of major DeFi protocols including Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound filed a Constitutional AIP on the Arbitrum forum Saturday requesting the network's DAO release approximately $71 million in frozen ETH for the rsETH recovery effort known as DeFi United. The Arbitrum

CryptoFrontier4h ago

Aave, Kelp, LayerZero Propose Releasing $71M in Frozen ETH to Support rsETH Recovery

Gate News message, April 26 — A coalition of major DeFi protocols led by Aave Labs, joined by Kelp DAO, LayerZero, EtherFi, and Compound, filed a Constitutional AIP on Saturday morning asking the Arbitrum DAO to release approximately $71 million in frozen ETH to support DeFi United, a cross-protocol

GateNews6h ago

Ethereum Foundation Sells 10K ETH To Bitmine OTC Deal

Ethereum Foundation sells 10K ETH through OTC to fund research, development, and ecosystem grants under treasury strategy. Bitmine expands holdings through direct deals, nearing target to control about 5% of Ethereum total supply. OTC transactions enable large crypto transfers with

CryptoFrontNews10h ago

ETH Liquidation Cascade: $635M Long Positions at Risk Below $2,217, $504M Shorts Exposed Above $2,430

Gate News message, April 26 — According to Coinglass data, if Ethereum falls below $2,217, cumulative long liquidations across major CEX platforms would reach $635 million. Conversely, if ETH surges above $2,430, cumulative short liquidations would total $504 million.

GateNews10h ago
Comment
0/400
No comments