BlockBeats news, November 5 — Ethereum co-founder Vitalik Buterin said in an interview, "In the coming years, Ethereum will undergo a series of changes, with the goal of truly making full use of the latest technologies, especially various cutting-edge technologies including graphics processing capability (GPU), and pushing these technologies to a new stage of development, enabling Ethereum to have the ability to process multiple tasks in parallel while maintaining decentralization. This also means that Ethereum is changing its past development model. For example, people were previously able to achieve these goals, but because the technology was too complex, high-risk, and difficult to implement, it was always hard to truly bring them to fruition. Now, with major technological progress, these obstacles are no longer so difficult to overcome.
Ethereum itself only adopts very conservative, hash-based cryptography, and for applications built on top of it, I think our philosophy is: starting this year, innovation should be carried out on the basis of maintaining underlying security, trying different technical routes rather than simply copying the practices of Ethereum and smart contracts. For example, in performance protocols and various privacy protocols, we have already seen some different directions of exploration. Take enterprise applications as an example: enterprises can directly record and manage supply chain data on their own servers, and then submit the relevant data and its proofs through the blockchain to prove that all participants have complied with the established rules. This approach neither harms privacy nor affects efficiency, and can already well meet user needs. Other developers can also build more applications on this basis, such as splitting relevant assets or launching loan products backed by asset collateral. Some very clear and noteworthy application categories have already emerged. For these applications, one question I am particularly interested in is: how much security assurance can they actually provide when facing various potential threats? Of course, in theory, the final choice is entirely in their own hands; they can adopt exactly the same technical solutions as ours. If they want to take a conservative strategy, they can absolutely choose a conservative technical route; if they want to innovate boldly and try more aggressive solutions, they likewise have such autonomy.
I think the strategy adopted by the Ethereum Foundation is correct: focus on doing well what it is doing itself, and for areas beyond our expertise, leave them to users and the community to explore independently. If we can provide support to the community and help developers improve their technical level, security, privacy protection, and openness, then we will provide help at the technical level. Beyond that, we will not try to control all areas."
