He insisted on doing "Ethereum Weekly" for four years, and he shared his latest views on Ethereum
This is an opening note by Evan Van Ness, the author of "Ethereum Weekly", for the April 26 edition of "Ethereum Weekly". Talking about his views on the ecological development of Ethereum that week, I personally still find it quite interesting. He talked about the value proposition of Ethereum, Defi, Web3.0 and Layer2. Evan has been doing "Ethereum Weekly" for four years, regardless of the weather. I believe his views are still very informative.
I deliberately selected his opening commentary and shared it with everyone.
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Every time I finish writing "Ethereum Weekly", I will check which news and articles I recommend have been clicked many times. These are the most read Ethereum threads this week.
ETH's Fundamental Value Proposition
ETH's Fundamental Value Proposition
Constant Function Market Makers: "Innovation from Zero to One" in DeFi
Regarding the vision of Ethereum, to be honest, we have not linked Web3 with Ethereum for a long time. We've had more "Web3 Vision" articles in the past, but these are several years old now.
In the long run, Ethereum's vision for Web3 calls for applications built on top of it, with an international and censorship-resistant local value transfer layer. However, we still lack a trustless data layer to serve various websites.
The previous "Web3 vision" articles did not have such a thing as this week's constant function of market makers, I think it is a DeFi innovation from zero to one. Even in the middle of the night, you can always get very good liquidity from the market to all parts of the world, which is actually what web3 needs. It can better promote Ethereum, if there is a native value transfer layer, then there will be a long tail of assets. Like the money you get in video games and so on.
In the early days of web3, we needed to have an educated user culture, MyCrypto guidelines for reading audit reports that non-developers should read carefully. There's a lot of difficulty in encouraging people to use new things, we have to have both a "used to try" culture and an "educated and informed" culture. For me, I use a lot of web3 applications, but I should read more audit reports. In general, if you don't see something like "We found the code quality to be high," you should be cautious about trying something new. You should also understand that time does make these systems more secure and robust to some degree.
Finally, an article about Layer2. Layer2 enters the Rollup era, how does the state channel adapt to survival? Do we still need state channels?
It's hard to guess which Layer2 stories are authentic, which are trends, and which are hype.
What I see is that almost everything Layer 2 has done so far ends up being hype.
The Lightning Network has existed in the Bitcoin space for years, but has had very little adoption and has serious privacy concerns.
In 2018, Layer 2 of Ethereum talked about state channels and Plasma the most.
While we've seen simple uses of state channels in production (e.g. AdEx's approach, our approach to building the largest payment channel network on Eth), we have yet to see widespread adoption of channel networks or meaningful use of Plasma usage of.
Rollup is the new hype (we can see that there are dozens of projects doing rollup now, for example, Loopring can increase throughput by 10 times, etc.).
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