ChainCatcher news, Paradigm co-founder Matt Huang posted on social media that when we founded Paradigm in 2018, we believed that cryptocurrency would become one of the most important technological and economic transformations of the coming decades. Six years later, this belief has become even stronger.Bitcoin's market capitalization has exceeded one trillion. Ethereum, Solana, and other blockchain networks are gradually expanding. Stablecoins are being adopted globally, and cutting-edge research is accelerating. New infrastructure is making consumer applications possible. Hundreds of millions of people own cryptocurrency. Cryptocurrency is now a key player on the global political stage.Accelerating the positive development of crypto technology is more important than ever, not only as investors but also as builders. Over the past few years, we have launched several open-source projects, including the popular Ethereum development tool Foundry and the high-performance Ethereum execution node Reth, aimed at advancing the development of crypto technology.

ChainCatcher news, Ethereum co-founder Vitalik Buterin stated that the three major technological transformations Ethereum needs to undergo are: transitioning to L2 scaling, where everyone moves to Rollups; transitioning to wallet security, where everyone uses smart contract wallets; and transitioning to privacy, ensuring that privacy-preserving fund transfers are feasible and that all other tools being developed are privacy-protecting.Without L2 scaling, Ethereum's high transaction costs will hinder mass adoption, leading to centralized solutions; without wallet security, users are reluctant to store funds and non-financial assets, resulting in a shift to centralized trading platforms; without privacy, the public availability of all transactions will compromise user privacy, pushing users towards centralized solutions that offer data protection. These three technological shifts will reshape the relationship between users and addresses, as users will have multiple addresses in L2 and face challenges in maintaining address consistency.