Vitalik Buterin: Ethereum's technology-oriented era is over, the focus of the next decade will be on L2 practical applications

Ethereum founder Vitalik Buterin attended the Pragma London summit hosted by ETH Global on March 14, where he urged the Ethereum community to shift focus towards building decentralized applications and solutions based on Layer 2 technology. Following the Berlin upgrade, Layer 2 scaling solutions are expected to play a more significant role.

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The Next Decade for Ethereum

Vitalik points out that Ethereum has been around for a decade, and the first decade was a period of internal development focused on technology, with most of the ecosystem mainly concentrating on developing products for themselves.

The next decade will require a significant change in its development approach to have a major impact on the internet and traditional financial systems.

He stated:

Developers in the past have always tried to meet the needs of other high-end technical personnel and create wonderful technology, but Ethereum needs to break through the current situation in the next decade and have a significant impact on the world.

Vitalik expects that the future L2-oriented thinking should take the lead, with a focus on application developers.