Devcon news and thoughts: Ethereum has taken shape as a country, rich in technology and lack of applications

Original title: "Devcon experience and thoughts: Ethereum has taken shape as a country, rich in technology and lack of applications"

Original author: kirinparadise.eth, co-founder of y2z Ventures

This is the second time I have come to Bogota this year, and it is also the first time I have come to Devcon. Unfortunately, things have changed.

Colleague Dazhuang has always said that this year’s Devcon is the first time in three years, and in 2019 Devcon in Osaka appeared comp, uni and other DeFi projects, which is the most important event for DeFi Summer and even Derived from the dawn of the bull market at the end of 2021. So from the beginning of the year, I feel that this Devcon is very important, especially when the narrative cycle has passed and innovation is lacking.

Talk about a few accounts and impressions:

1. Ethereum has presented a network country

At the closing ceremony, it was said that there were 6k people who came to Devcon this time, from 113 countries. After the curtain closed, the moment the dance troupe "Encore" entered the arena, raised the national flags of various countries, and danced and sang with Latin American dances, the whole audience was "hi". Jumping all the way from the 5th floor to the 1st floor with the participants, the atmosphere is not Devcon, it is simply a carnival, Spring Festival Gala, and Olympic Games.

I believe that every participant who arrives will have a sense of identity, regardless of nationality, but a recognition of participating in the Ethereum or cryptocurrency revolution feel.

Holding Devcon in Bogota demonstrated the ambition of the Ethereum Foundation (EF) to expand into developing countries. Combined with an important part of this Devcon, Global Impact and Public Goods.

At Devcon, various organizations can be seen earnestly carrying out concept promotion and technology implementation attempts.

It can be said that compared to an organization, Ethereum really already exists like a "network country", and is actively exporting values and influence.< /p>

Maybe in the next few years, Devcon will carry a beautiful symbol of global peace and equality like the Olympic Games. Considering that the probability of future wars will greatly increase, the new light of civilization is worth looking forward to 。

2. Rich technology and lack of application

The technical keywords of this year’s Devcon are basically The above is, ZK, L2, Daxianxue MEV, and new hotspots should be given to Danksharding and AA (account abstraction).

I am not a technical guy, let me talk about my thoughts:

1) ZK, I don’t understand all kinds of hard-core technologies. The platoon is so large. It is said that the progress must be faster than before, but it is still far away from the real landing. In addition, the intuitive I feel that compared to the popular ZK Infra, the Scroll scene is more eye-catching and more down-to-earth. You can watch this Part in the Showcase of ZK's application, but the video seems to have not been uploaded, and there is no queue at all on the day.

2) MEV, although there is no MEV in this year's category, MEV and Validator basically occupy the category of Cryptoeconomics. Compared with technology, we may pay more attention to MEV in the future What kind of changes and opportunities will the cake size and distribution method have in the future with the changes in the Ethereum ecology.

3) Danksharding, a new hot topic at Devcon this year It is Danksharding, using DAS to solve the problem of Ethereum expansion is very complicated, and it is estimated that it will be officially launched in 2 years. But Proto-danksharding (aka. EIP-4844) will be launched next year, and it can also be used, which will benefit the two OP Rollups .

4) Account abstraction and derivative 4337 is another hot topic this year. It should be the technology that can be implemented the fastest from Mass Adoption in this year’s meeting The second place team of the AA theme Hackthon said that the most attractive point of AA is that its users can use the private key to control the account, and they can change the wallet at any time if they don’t like it. After the smart contract wallet in the future, users will no longer be able to use the private key Control its account. This will bring a lot of business model changes and explorations.

You can take a look at this thread of the unipass team:

Summary, next year Proto-danksharing+L2 will be able to solve part of the expansion problem, and then AA will solve the user import problem, and look forward to some applications through the above play Some flowers that can be used for large-scale CX.

However, there are no projects in the application that may reproduce the dawn of the bull market such as Comp and Uni in 19 years, which means that this round of innovation cycle may It will be longer than expected.

The most impressive thing in the application is the physical card that ENS and poap cooperate with. Register a swag on the ENS website, and you can get a physical poap tag, and you can get a proof of "meeting xxx at Devcon6" with just a touch of the mobile phone NFT. Two days ago, the queue for receiving the physical poap was the longest. This application case is simply a marketing genius, and there is even a leaderboard. I met many people who came to scan my poap just because they saw it. Comparable to the best artifact for breaking ice. The consensus between ENS and poap is terrifying, and I am looking forward to what other interesting applications will grow on top of it.

poap physical card

The most amazing thing to me is the onchain gaming engine mud.dev designed by 0xparc using first principles And the two games listed above (one RTS, and one on-chain minecraft).

For two consecutive afternoons, in the basement of the venue with cyberpunk lighting atmosphere, the 4-person group pk of Dark Forest was directly carried out, and there were also two game trials . Team nuts, atmosphere high.

On-site public testing, unfortunately the network is poor

(In the future, investment institutions must personally participate in the "stealing game" to get tokens 23333)

Relative to the richness of technology, the application is missing. This phenomenon, onchain gaming may be the best epitome of it, just like "It『s gonna be nuts" in the ppt above, although I believe that onchain games will be the future, but its longterm lack of commercialization is also the status quo, and it can only be said that nuts are responsible Doing the bottom layer of technology and crazy innovation, the final large-scale promotion depends on other opportunities and organizations, but it has not yet appeared in this Devcon. Otherwise, it will be difficult for Ethereum to truly affect all mankind and people in developing countries.

"I am responsible for being beautiful and beautiful, and you are responsible for making money to support the family", decentralization, combinability, modularization, and each performing its duties can winwinwin.

Before the opening of Devcon, I found out that the Colombian Coffee Expo was being held opposite the venue. I tried 6 kinds of coffee at one time, and when I tasted them at the same time, I could drink them intuitively. But most ordinary coffee lovers would not taste n kinds of coffee at the same time. The metaphor in space, I think it is very appropriate to describe the current status of technology and applications.

The current architecture is like a recipe, and various technical categories in the architecture are It’s like ingredients. For example, tomato scrambled eggs. V God’s appointed recipe describes how to fry a plate of delicious tomato scrambled eggs, so various technologies began to study how to grow good tomatoes and raise good eggs. If zk Technology is like a tomato farmer, and the various technologies are like one saying that I want to grow sour tomatoes, and the other saying that I want to grow sweet tomatoes. If L2 is compared to an egg supplier, various projects are saying that I am a local egg , I am sterile eggs, etc. But the annoying thing is that the suppliers of the above-mentioned ingredients have come back, but they all say that it will take 1 or 2 years before I can supply them, and they are still growing.

But not all diners will pay attention to the 100 ways of tomato and eggs, just like not everyone has the opportunity to taste 6 kinds of coffee to judge the difference.

What users need is to eat a plate of delicious tomato scrambled eggs. Although they can eat other things, don’t they all say that tomato scrambled eggs are delicious? Painful tomato scrambled eggs. At this time, chefs need to find a way to make delicious tomato scrambled eggs under the limited supply of ingredients, and users are willing to pay after eating. This is what all kinds of applications need to do now. Things, under the existing technology, try to make dishes that users are willing to eat, and then gradually change to better ingredients, and even designate ingredient suppliers later.

Speaking of cooking, which country do you think cooks the best?

3. The balance between "orthodoxy" and EF's substract philosophy

"Orthodoxy" is a universal problem-solving vocabulary in the currency circle. It seems that for all problems, when the three words of orthodoxy are endorsed, everyone will have patience and smile I also became cheerful, and this time I came to the "orthodoxy" base camp, like a spring breeze.

After the rollup day, I discussed some MEV issues with Mr. Lin @blankerlin. He said that it is difficult to discuss many issues together because there are too many backgrounds of many technologies. Just like the Marvel Cinematic Universe, the branches are getting more and more complicated, and each hero is still getting a sequel. If newcomers haven't watched the previous complete works or Lorre's n-minute summary video, it is basically impossible to discuss together. Of course this is normal. But in this environment, so-called authority is easy to be born. Due to the special technology and academics, it is placed in the traditional market. This may be called a schoolboy. When the schoolboy is combined with capital + media, the right to speak and price is greatly reduced.

Ethereum has been upgrading, and each upgrade will bring a group of new project opportunities (such as new concepts such as danksharding and account abstraction wallet), new concepts and new The project means new interests. And "orthodoxy" is a universal vocabulary to capture the interests of this layer. Whether Ethereum can orthodoxy move toward small circles and nepotism.

In some categories that lack sufficient competition, "orthodoxy" is needed. But in a category track that can fully compete, perhaps "orthodoxy" should not be overly mythical, just like arbitrum is to op.

Conversely, orthodox benchmarks define the track and valuation, and the valuation inversion caused by the prejudice against challengers may be an investment opportunity. As chess said, religion is sacred, but the impact of dimensionality reduction on high productivity is also very realistic.

EF CEO Aya also mentioned in the opening ceremony that the Ethereum Foundation mentioned the concept of "restraint" in senior management, minimizing Governance, distribute opportunities, allowing peripheral organizations to have more opportunities to play, etc. Its real antidote to the above problems, at least conceptually.

I hope to achieve a balance.

Restraint Philosophy

4. Collision between decentralization and supervision

An important topic of this Devcon is the face of regulation.

As the volume of Ethereum or the cryptocurrency circle grows larger and larger, more and more governments see the value or "threat" in it. Naturally, a collision with centralization cannot be avoided. For example, Europe has begun to implement foreign exchange controls or various quotas on US dollar stablecoins like China, as well as the supervision of Ethereum nodes, but I haven’t heard much about this, but what Tang Han said about the supervision thread is very inspiring (ps From Tang Han's words, I feel the same cry as Mr. tt, the power of scarcity! Touched! )

Starting next year, it will be It is a big year for the centralized world and the supervision of the centralized world to "border" head-on.

At the opening ceremony, compared to the previous embarrassment between V God and the Ethereum Foundation This time, I invited a local professional black dance troupe from Colombia, and the effect was much better. But in the foreseeable future, it is difficult to say that various external environments will be "friendly" to cryptocurrencies. If the Internet country really lands and relies on cryptocurrencies to continue the spirit of globalization, it must encounter many realistic "hard bones" in advance. At that time Maybe there is no time to appreciate the professional dance troupe, but it does not prevent the cypherpunks from having another awkward dance in place.

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