Vitalik: Ethereum's Essence is "World Computer", Protocol and Infrastructure Still Need Improvement

BlockBeats News, March 12th, Ethereum founder Vitalik posted, saying, "I recently participated in Real World Crypto and its related events, which gave me a clearer understanding of the use cases of blockchain. In what aspects can Ethereum create the most value? From participating in these events, the first answer obtained is actually not what you would expect. It is neither smart contracts nor payments. It is what cryptographers call a 'public billboard'."

"Ethereum has great value. If you take a step back and look at it from first principles, purely seeing it as a technical tool: global shared memory, you can understand its value. I guess a big bottleneck restricting further expansion of this use case is that the world has not yet realized that we are no longer in the 2020-2022 phase. Today, transaction fees are extremely low, and we have a more robust scaling roadmap to ensure that even if usage surges significantly, fees will remain low. The infrastructure is also more mature in avoiding exposing fee volatility to users."

"To view Ethereum's blobs as a bulletin board, to see ETH as an asset and a universal payment backup, and to consider Ethereum smart contracts as a shared programming layer, all of this is in full accordance with the decentralized, private, secure open-source software stack idea. However, we should continue to improve the Ethereum protocol and infrastructure to make it truly efficient in all of these scenarios."