The Current Status and Future of Ethereum

Recently, Ethereum has faced many challenges, including poor price performance, ineffective Layer 2 strategies, and slow development progress. However, there have also been some positive changes, such as Vitalik's more resolute attitude towards Layer 1 scalability, organizational restructuring, and layoffs.

The main reasons for the current problem include:

1. The Layer2-focused roadmap is inconsistent with the core values of Ethereum.
2. The project progresses slowly, with each upgrade taking 1-2 years.
3. There are few new business models and innovations on the chain.
4. An excessive insistence on decentralization affects efficiency.

Currently, Ethereum is taking a series of measures to cope with:

1. Shift the focus to Layer 1 scaling, with the goal of increasing capacity by 10 times within one year.
2. Optimize client performance, such as Geth and Nethermind have achieved a 3-4 times performance improvement.
3. Organizational structure adjustment, appointing two new executive directors.
4. Lay off staff and focus on key projects

Industry insiders are cautiously optimistic about the future of Ethereum:

Advantages:

• A vast developer ecosystem
• Still has advantages in financial applications such as DeFi
• Performance may improve rapidly in the short term.

Risk:

• There are doubts about whether the long-term route has really changed.
• Will Vitalik's influence and attitude change?
• Can it adapt to a more aggressive development approach?

Overall, Ethereum still has huge potential, but it needs to find a better balance between efficiency and decentralization, while also facing realistic demands more pragmatically. Investors can pay attention to signals such as changes in Vitalik's attitude and the degree of aggressiveness of the decision-making body.