5 must-read articles for the evening | Ethereum’s vision, development path and current issues

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Behind the 1.134x return, is Ethervista a rising star in DeFi or just a flash in the pan?

According to data tracked by Lookonchain, frenulum.eth earned 274 ETH (about $696,700) in 2 days by trading VISTA, with a return rate of 134 times. frenulum.eth spent only 2.05 ETH (about $5,100) to buy 52,822 VISTA and sold it for 276.5 ETH (about $701,800). At that time, VISTA's 24- hour increase was close to 1,100%. Click to read

2. Pudgy Penguins CEO: Why is consumer encryption at the forefront of the industry?

Last month we launched www.igloo.inc and subsequently announced the acquisition of Frame to build Abstract, a L2 focused on scaling and solving challenges related to consumer crypto. Since then, it seems the narrative has shifted towards consumer crypto, sparking a debate about what consumer crypto really means. In this article, I want to discuss what I believe consumer crypto is, why we haven’t achieved consumer crypto adoption yet, and why I believe consumer crypto represents the most important frontier for this industry. Click to read

3. Vitalik: New ideas to improve efficiency and security - glue and co-processor architecture

First, let's take a look at the environment I'm most familiar with: the Ethereum Virtual Machine (EVM). Here's a geth debug trace of a recent Ethereum transaction I made: updating the IPFS hash of my blog on ENS. The transaction consumed a total of 46924 gas, which can be categorized as follows. Click to read

4. Understand Polygon in one article $MATIC What is the purpose of changing the name$POL?

Polygon, the Ethereum scaling solution, released a new proposal in June 2023, intending to upgrade the original main chain Polygon PoS to zkEVM Validium, and proposed a major update to 2.0 the following month, proposing to upgrade the native token MATIC to POL to support the ecological protocols Polygon PoS, Polygon Supernets and Polygon zkEVM. Click to read

5. Comment on Multicoin’s interview “Why is ETH Down so bad?”: From Ethereum’s vision and development route to current issues

Last Sunday, I read an interview with Bankless and Multicoin titled "Why is ETH Down so bad?" and found it very interesting and profound. I recommend that you read it. Ryan fully demonstrated the difference between Web3 pragmatism and fundamentalism in the interview, but I have already discussed this in detail in previous articles. In addition, the views in this article also triggered a lot of inspiration and thinking for me. Indeed, in recent times, Ethereum has begun to suffer a certain degree of FUD. The direct reason is that the passage of the ETH ETF did not trigger a similar market as the passage of the BTC ETF, which triggered some people to rethink the vision and development direction of Ethereum. I also have some thoughts on these issues and hope to share them with you. In general, I recognize that Ethereum, as a social experiment, hopes to create a decentralized, authoritative and even trustless "cyber immigrant country" vision, as well as its L2 expansion direction based on Rollup. Ethereum really faces two problems. One is the competition between Restaking and the L2 expansion plan, which dilutes the resources for ecological development and reduces ETH's value capture ability. The second reason is that the key opinion leaders of Ethereum are becoming more aristocratic. Because they are too cautious about their reputation, they lack enthusiasm for ecological construction. Click to read

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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