According to Foresight News, Ethereum Foundation researcher Justin Drake stated that the Ethereum Beacon Chain was born on December 1, 2020, with an initial 50 million ETH staked. The Beacon Chain has gradually become one of the most powerful foundations in blockchain history and is expected to become the settlement layer for the value internet in the future. Although the Beacon Chain is not perfect, long-term upgrades are underway, including improvements to the censorship system and MEV handling.
Future plans include reducing staking deposits, increasing finality speed, intelligent issuance, achieving smartwatch-level full-chain verification, and post-quantum security. The data layer will achieve full sharding, and the execution layer will implement native Rollup. L1 improvements will increase year by year, with some, such as chain networking and post-quantum security, potentially requiring redesign. L2 solutions will provide significant performance improvements within a few months, including a fast user experience, low fees, and unlimited throughput.
