In the early days of the Internet, different computers and networks used different communication protocols, resulting in non-communication between networks. It was not until the 1970s that the different types of computers and networks were seamlessly connected together for reliable transmission of data. Soon, TCP / IP swept across the world and became the common communication standard of the Internet. Although other protocols and technologies still exist on the Internet, TCP / IP is still the core of the Internet, ensuring the interoperability and reliability of the global Internet.
The current rapidly developing blockchain network is performing the same story, as the "benchmark" of the public chain, Ethereum is integrating all the blockchain. From the perspective of data, all Layer2-based solutions are gradually migrated to Ethereum, and the fact is that Ethereum is expected to build an all-ecological platform, like the Internet, the entire crypto world will be able to realize the all-ecological value circulation only through Ethereum.
In September 2023, Ethereum founder Vitalik Buterin delivered a high-profile speech at an academic forum at Nanyang Technological University in Singapore, "We are in an era of change, and blockchain technology will revolutionize the way we interact with digital assets."Vitalik Buterin Point out that there are too many obstacles to the current blockchain, and that different blockchain networks cannot directly interoperate, making it difficult for digital assets and data to flow between these networks, thus complicating cross-chain transactions and data sharing."No economic system is truly isolated, and so is the blockchain network, where products and services need to flow freely from one ecosystem to another". So, to meet the growing demand in the crypto market, Vitalik Buterin proposed the ETH2049 idea.
The core of ETH2049 is to build a comprehensive and unified Ethereum ecosystem, integrating all public chain networks into a unified platform through cross-chain bridge, consensus protocol and other technologies, so that assets and data can flow freely between various chains. It is expected that in 2024, Ethereum will reach its peak, becoming the only blockchain public chain needed in the entire crypto world, hence the name ETH2049.
ETH2049's proposal has sparked a heated discussion among crypto enthusiasts and developers around the world, and many see it as a revolutionary change in encryption. Members of the Ethereum community generally believe that ETH2049 can provide possibilities for a wider range of application scenarios. Many developers are also eager to explore how to contribute skills and projects in ETH2049. Crypto communities around the world are working together to explore ways to build a more open and interconnected encrypted world.
When ETH2049 works, it will revolutionize the crypto world. In terms of applications, ETH2049 will provide users with a wider range of options, whether in financial DeFi applications, the NFT market for digital art, or the universe of virtual worlds, ETH2049 is an ecosystem integrating various applications and functions, allowing users can more easily access different encryption services. In terms of interaction cost, ETH2049 can reduce costs and improve efficiency, and promote the adoption of blockchain technology in more industries, thus promoting the widespread application of blockchain technology in business and daily life. This could lead to new business models and more job opportunities and options.
There is no denying that ETH2049's vision is an important step towards global blockchain connectivity and points out a dynamic path for the future development of blockchain. It will open up new prospects for the further development of blockchain technology and make a positive contribution to the prosperity of the global digital economy.