According to Deep Tide TechFlow news, on December 1, Ethereum Foundation researcher Justin Drake posted on X that four years ago today, the Ethereum beacon chain was born, with only 500,000 ETH staked in its initial phase. Although it did not bring direct benefits to users at first, it has gradually grown to become one of the most powerful foundations in blockchain history.
Looking ahead, Drake believes that Ethereum has the opportunity to become the settlement layer of the value internet. Although the beacon chain is still not perfect, the upgrade path in the coming years will still be challenging, including improvements to the censorship regime and MEV handling, reducing staking deposits, increasing finality speed, smart issuance, achieving smartwatch-level full-chain verification, and post-quantum security. Meanwhile, outside of the consensus layer, there is hope to achieve full sharding at the data layer and native Rollup at the execution layer.
Drake stated that many improvements to L1 will be gradually released over the next few years, and enhancements like post-quantum security may require a complete redesign. L2 solutions will provide significant performance boosts within months, including fast user experiences, low fees, infinite throughput, synchronous composability, and more.

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