The Ethereum founder stated last year that privacy has become one of the primary priorities for the ecosystem, signifying a radical shift in the application stack. According to Buterin, since Ethereum’s application infrastructure has not been developed with privacy in mind until now, it may be necessary to create a completely different application stack in this new era.
Buterin also noted that one of the key topics of discussion this year was the reassessment of the role of Layer 2 (L2) solutions. He stated that it was necessary to rethink “from scratch” which L2 models could create the strongest synergy with Ethereum, adding that this process required both a technical and a cultural transformation.
Buterin stated that the Ethereum ecosystem has long operated with a “how do we improve the existing system?” approach, arguing instead that a new mindset is needed. According to this new model, developers should reassess which applications truly create the greatest value on a robust Layer-1 infrastructure and an ever-growing toolset.
Buterin suggested that developers assume Ethereum is a completely empty network as a thought experiment. He asked them to consider how they would design initial applications in areas such as DeFi, decentralized social networks, and authentication, arguing that setting aside existing dependencies and outdated assumptions would foster creativity.
According to the Ethereum founder, this approach could be one of the keys to the ecosystem regaining momentum.
*This is not investment advice.