What Is ETH

Poloniex data monitoring shows that ETH has fallen below 2600 USDT, currently reported at 2599.64 USDT, with a 24H decline of 3.91%.

Ethereum co-founder Vitalik Buterin has published a new article titled 'The Cryptographic World Computer', stating that over the next few years of technological evolution, Ethereum will gradually transform into a system that fundamentally differs in architecture from traditional blockchains. Vitalik believes that Ethereum currently possesses capabilities such as general-purpose computation, Proof of Stake (PoS), zero-knowledge proofs, and Layer 2 scalability, and will further introduce adjustable computational architectures, multi-party block construction, highly optimized PoS, and deeply integrated zero-knowledge proofs at the foundational layer in the future. He indicated that by around 2030, Ethereum will undergo changes in core mechanisms such as transaction validation, consensus, block construction, privacy, and computation, including a shift from re-downloading and executing blocks to validating data availability through SNARKs and PeerDAS, transitioning from Proof of Work (PoW) to highly optimized PoS, and replacing single-entity block construction with multi-party participation. He believes that the future decentralized network of Ethereum will not only be used for security and censorship resistance but may also enhance performance through parallel storage, parallel computation, and privacy protection. The Hegota upgrade may be Ethereum's last 'traditional' hard fork, after which recursive STARKs, automated formal verification, optimized consensus mechanisms, and quantum-resistant technologies will become the main development directions, ultimately transforming Ethereum from a mere ledger into a 'cryptographic world computer' that integrates blockchain, cryptographic privacy, verifiable computation, and decentralized off-chain components.

On September 27, Ethereum co-founder Vitalik Buterin published a new article titled 'The Cryptographic World Computer,' stating that over the next few years, Ethereum will gradually evolve into a system that fundamentally differs in architecture from traditional blockchains. Vitalik believes that Ethereum currently possesses capabilities such as general-purpose computation, Proof of Stake (PoS), zero-knowledge proofs, and Layer 2 scaling, and will further introduce adjustable computing architectures, multi-party block construction, highly optimized PoS, and deeply integrated zero-knowledge proofs at the foundational layer. He indicated that by around 2030, Ethereum will undergo changes in core mechanisms such as transaction validation, consensus, block construction, privacy, and computation, including a shift from re-downloading and executing blocks to verifying data availability through SNARKs and PeerDAS, transitioning from Proof of Work (PoW) to highly optimized PoS, and replacing single-entity block construction with multi-party participation. He envisions that Ethereum's decentralized network in the future will not only provide security and censorship resistance but may also enhance performance through parallel storage, parallel computation, and privacy protection. The Hegota upgrade may be Ethereum's last 'traditional' hard fork, after which recursive STARKs, automated formal verification, optimized consensus mechanisms, and quantum resistance technologies will become the main development directions, ultimately transforming Ethereum from a simple ledger into a 'cryptographic world computer' that integrates blockchain, cryptographic privacy, verifiable computation, and decentralized off-chain components.