在动荡之后，以太坊刚刚完成了一年多的最重要升级

多伦多 - 以太坊刚刚完成了一年多的时间，但里程碑是在区块链的动荡之后出现的。

TORONTO — Ethereum has completed its most significant upgrade in more than a year, a milestone that comes after a turbulent stretch for the blockchain. The price of ether (ETH) has declined, developers have migrated to rival platforms, and the Ethereum Foundation — a nonprofit steward of the project — has faced criticism for a lack of coordination and vision.

多伦多 - 以太坊在一年多以来完成了其最重要的升级，这是区块链动荡不安的里程碑。以太（ETH）的价格下降了，开发商已迁移到竞争对手平台，以太坊基金会（该项目的非营利性管理人员）因缺乏协调和愿景而面临批评。

Speaking on a panel at CoinDesk's Consensus conference in Toronto, Paul Brody, global blockchain leader at EY and chairman of the Enterprise Ethereum Alliance, and Josh Stark of the Ethereum Foundation, offered a more optimistic view of the road ahead.

在Coindesk在多伦多共识会议上的一个小组讨论时，EY的全球区块链领导人兼Enterprise Ethereum Alliance主席Paul Brody以及以太坊基金会的Josh Stark提供了对未来道路的更加乐观的看法。

There are two things the community is looking for, Stark said. First, "the ecosystem needs stronger leadership ... Stronger leadership on the roadmap, on executing that roadmap, and really help coordinating the ecosystem to tackle the big challenges."

斯塔克说，社区正在寻找两件事。首先，“生态系统需要更强大的领导力……在路线图，执行路线图上的更强领导力，并真正帮助协调生态系统以应对大挑战。”

Second, the network needs better messaging. "Ethereum's fundamentals are incredibly strong, but few people are standing up to tell the story of that ecosystem and to boost the incredible stuff being built," Stark said.

其次，网络需要更好的消息传递。斯塔克说：“以太坊的基本面非常强大，但是很少有人站起来讲述该生态系统的故事，并增强了令人难以置信的东西。”

For all its recent struggles, Stark and Brody maintained that Ethereum remains the most innovative and forward-focused project in crypto.

尽管最近的挣扎，但斯塔克（Stark）和布罗迪（Brody）坚持认为，以太坊仍然是加密货币中最具创新性和以前瞻性的项目。

Brody suggested that concerns about the foundation's leadership are particularly overblown, giving the Ethereum Foundation's former executive director, Aya Miyaguchi, top marks for her tenure, which began in 2018 and ended this year.

布罗迪（Brody）建议，对基金会领导层的担忧尤其夸张，这使以太坊基金会的前执行董事艾亚·米亚古奇（Aya Miyaguchi）成为其任期的最高分数，后者始于2018年，并于今年结束。

"We're a proof-of-stake chain with more than 120 layer-2 networks," Broday said, adding that network capacity is "300 and 450 million transactions a day." Additionally, "transaction fees at the L2 level — they average under one penny per transaction for the last three months. If I step back and look at [Miyaguchi's] tenure very objectively in terms of the results, I would say A plus."

Broday说：“我们是一条拥有120层网络的链条链条。”他补充说，网络容量为“每天300和4.5亿美元的交易”。此外，“在L2级别的交易费用 - 在过去三个月中，每笔交易的平均每笔交易平均低于一分钱。如果我退后一步，就结果非常客观地看待[Miyaguchi]的任期，我​​会说一个加号。”

Miyaguchi transitioned to Ethereum Foundation president in March 2025, installing Hsiao-Wei Wang and Tomasz Stańczak as its new co-executive directors — part of a leadership restructuring aimed at enhancing the foundation's strategic focus.

Miyaguchi于2025年3月转移到以太坊基金会主席，安装了Hsiao-Wei Wang和Tomaszstańczak为其新的联合执行董事，这是旨在增强基金会战略重点的领导力重组的一部分。

Some critics have argued Ethereum's roadmap has relied too heavily on layer-2 rollups, which are independent blockchains that process transactions cheaply and quickly before "settling" their history on Ethereum's main chain. Brody defended the network's rollup-centric roadmap: "I'm delighted."

一些批评家认为，以太坊的路线图过于依赖第2层的汇总，这是独立的区块链，在“在以太坊的主链上”“稳定”其历史之前，便宜地处理交易。布罗迪为网络以汇总为中心的路线图辩护：“我很高兴。”

While layer-2s like Optimism, Arbitrum and Coinbase's Base network have lowered users' fees — generally considered the main headwind to wider network adoption — skeptics say they also introduce new security risks and fragmentation hurdles that threaten Ethereum's fundamental value proposition.

虽然诸如乐观，仲裁和Coinbase的基本网络之类的第2层降低了用户的费用（通常被认为是更广泛的网络采用的主要逆风，但持怀疑态度的主要逆风 - 他们还引入了威胁以太坊基本价值主张的新的安全风险和分散障碍。

"We're being Ethereum," Brody said. "Which is, identify a problem, fix it, and move on to the next problem. In terms of the biggest problem that we were dealing with over the last few years, it was scale, right? Going from being able to do a million transactions a day to 450 million network capacity is great."

布罗迪说：“我们是以太坊。” “哪个是确定问题，解决问题并继续解决下一个问题。就我们过去几年所处理的最大问题而言，它是规模，对吗？

"All ecosystems are going to end up with something like an L2 roadmap with modularity and specialization," Stark added. "We're just the ones that have gone furthest down this path, and we found the twists and the turns and the challenges on that road, and we're dealing with them."

Stark补充说：“所有生态系统都将以模块化和专业化为L2路线图之类的东西。” “我们只是那些走上这条道路的人，我们发现了这条路上的曲折，转弯以及挑战，我们正在与他们打交道。”

Ether (ETH), the network's native token, has long been considered a blue-chip crypto asset. But in recent months, it has underperformed relative to some competitors. Network tokens are often viewed as a proxy for an ecosystem's overall health.

Ether（Eth）是该网络的本地令牌，长期以来一直被认为是蓝芯片加密资产。但是最近几个月，相对于一些竞争对手而言，它的表现不佳。网络令牌通常被视为生态系统整体健康状况的代理。

Bitcoin has successfully positioned itself as a reliable store of value, Stark noted, helping it weather the market more favorably. "We have a more complicated narrative."

斯塔克指出，比特币已成功地将自己定位为可靠的价值存储，帮助它更加有利地保护市场。 “我们有一个更复杂的叙述。”

Still, Stark expressed confidence that the market would eventually reflect Ethereum's deeper value.

尽管如此，斯塔克还是对市场最终反映以太坊的更深价值的信心。

"The world's not going to stop learning about these technologies and these systems," Stark said. "The world is going to have an appetite for a slightly more complicated, but just as real value proposition. And I think we're starting to see that now. So I think that markets eventually price value. And I think that Ethereum is the most important project in crypto and always has been."

斯塔克说：“世界不会停止学习这些技术和这些系统。” “世界将对一个更加复杂的兴趣，但就像真正的价值主张一样。我认为我们现在已经开始看到它。因此，我认为市场最终的价格价值。而且我认为以太坊是加密货币中最重要的项目，并且一直都是。”