Deconstructing the challenges facing Ethereum and the way forward: an in-depth analysis
Delegate founder foobar recently held a thought-provoking discussion on the current situation of Ethereum on the X platform. Foobar raised concerns about Ethereum’s security compromises, noting that many relays have succumbed to OFAC regulations and that the LST model outperforms individual stakers. Foobar believes that fixing the execution layer may be critical for EVM to maintain dominance.
While confident that Ethereum will solve these problems by 2026, foobar emphasized the dynamic nature of the crypto world. It’s not 2013 anymore, and it’s unrealistic to expect the world to stand still in three years. Foobar advocated in-depth study of PBS execution tickets, saying that EOA-centered concurrent execution layer upgrade EVM is one of the key conditions to maintain dominance.
Another failed narrative is that L2 is supposed to be a testing ground for new EIPs. However, this narrative has not happened, instead L2 has lagged behind L1 in EIP adoption, so foobar urges Ethereum to play a greater role in driving these improvements, and a successful L2 upstream will drive the development of the entire ecosystem.
However, the main bottleneck is not the difficulty/cost of aggregation; it is the swamp of surrounding EVM infrastructure that must be coordinated in parallel to achieve EIP-3074 support. The main bottleneck is the wallet. Therefore, if mtamsk wants to come on board, L1 needs to lead the way.
All in all, Ethereum faces complex challenges that transcend technical complexity. The need for coordinated efforts, proactive upgrades, and robust infrastructure is clear. As the crypto space evolves, Ethereum must play a key role in shaping its destiny, ensuring it remains at the forefront of innovation. Let’s wait and see how Ethereum addresses these challenges and paves the way for a resilient and scalable future.
