Ethereum News and Research

We have come a long way, and Ethereum has already achieved its deserved maximum potential market value.

In response to the recent repeated doubts from the community regarding the Ethereum Foundation, Vitalik addressed the community's concerns with an honest and firm attitude in a lengthy article published today, systematically elaborating on his deep thoughts about the role, strategic direction, and value positioning of the foundation.

Vitalik's long-term vision is clear, but the realization of that vision requires stable coordination capabilities and continuous experience accumulation, both of which seem to be rapidly diminishing.

A monetary revolution digested in two days. This question has no standard answer.

Protocol-level anti-censorship allows any transaction that meets the rules to not be permanently excluded based solely on the preferences of a few block builders.

It is not a single upgrade, but a series of protocol improvements that will be implemented in phases over the next three to four years, covering almost every core module of the protocol, including verification methods, cryptography, finality, and state storage, all of which will be completely restructured.

The Ethereum Foundation is repositioning itself as a lighter protocol governance and maintainer, rather than a primary core builder.

Vitalik elaborated on his personal views regarding the transformation direction of the Ethereum Foundation: EF is not "the center of Ethereum," but one of many nodes. With limited resources, EF chooses long-termism over spreading itself thin, focusing on key tasks that "would not happen without EF"—bug-proof Ethereum, high-availability consensus, and minimizing intermediaries. Ethereum should not compete with others on speed, but should excel in the dimensions of CROPS (Censorship Resistance, Resilience, Openness, Privacy, Security).

The role of Bankless is being replaced by a more decentralized, more specialized, and more diverse "narrative network."

"Code is law" — this is one of the earliest beliefs in the blockchain world. But what if the code itself has bugs? What if AI makes bugs ubiquitous? This is the question that Vitalik's latest long article attempts to answer.