Base has reached Stage 1 Decentralization, enhancing security and trust through the introduction of permissionless fault proofs and a decentralized Security Council for contract upgrades. This milestone is pivotal in their mission to build an open and global onchain economy that fosters innovation and participation.
The article emphasizes the critical importance of privacy within the Ethereum ecosystem, arguing that privacy is essential for freedom, social order, and progress. It critiques the outdated belief that transparency is inherently positive, highlighting the dangers of centralized data collection and the erosion of individual privacy in a digital age increasingly dominated by AI and corporate interests. The author calls for a renewed focus on privacy protections, especially as technology advances and challenges traditional notions of personal data security.
The article advocates for an unconventional approach to increasing Ethereum's gas limit through a strategic scaling plan aimed at maintaining its relevance in the blockchain ecosystem. It emphasizes the importance of Ethereum L1 as the economic center and outlines necessary technical upgrades and execution timelines to achieve a significant scaling of 100x-1000x while preserving key properties like verifiability and censorship resistance.