2023 Blockchain's Five Major Hotspots: Ethereum Upgrade, Staking Development, Modular Blockchain, ZK Applications and Terminal Innovations

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Top Five Hot Trends in Blockchain Technology for 2023

Important Infrastructure Upgrade of Ethereum

In 2023, Ethereum will undergo two significant upgrades:

  1. Shanghai Upgrade: The opening of the staking withdrawal function is expected to increase staking volume and intensify competition among staking projects.

  2. Cancun Upgrade: Possibly the most significant technical upgrade for Ethereum in 2023.

    • Proto-Danksharding: Aims to significantly reduce mainnet transaction fees and pave the way for L2 development.
    • EVM Object Format (EOF): Optimize EVM, improve smart contract performance, reduce transaction fees.

In addition, Ethereum is also preparing for future technological development:

  • The KZG Ceremony was launched in January, laying the cryptographic foundation for Proto-danksharding.
  • Establish Danksharding standards to address technical barriers.
  • Although Danksharding may not be implemented in 2023, a successful upgrade will mark the success of scalability.

MEV, regulation, and anti-censorship are also important topics for Ethereum in 2023:

  • Decentralized Block Builder network construction
  • Cross-chain Heterogeneous Chain MEV Unified Platform
  • The protocol layer PBS implements proposal, construction, and verification separation.
  • Improve the issue of PoW luck value in staking

Top Five Technical Trends to Watch in 2023: Ethereum Upgrade, Staking, Modularization, ZK Applications, and Account Abstraction

The Staking Track Welcomes Development Opportunities

With the Ethereum merge and Shanghai upgrade, the Staking track will see more development in 2023:

  1. Liquid Staking: Improve the liquidity of staked tokens
  2. Decentralized Staking: Solutions like RocketPool need to improve liquidity.
  3. Restaking: The "second staking" concept proposed by EigenLayer has attracted attention.
  4. Decentralized Validator Network ( DVT ): Exploring technical solutions for SSV and Obol
  5. Staking yield stabilization: Addressing the issue of excessive yield disparity among nodes

In addition, the various versions of the Ethereum client are worth noting:

  • Paradigm's Reth: adopts a modular design
  • Helios of al6z: Coupling of Execution Layer and Consensus Layer Clients
  • Based on a new client, developed a self-hosted Blockchain explorer

2023 Top Five Technology Trends: Ethereum Upgrade, Staking, Modularity, ZK Applications, and Account Abstraction

Modular Blockchain Technology Continues to Heat Up

Modular blockchain may make progress on multiple levels in 2023:

  1. Data Availability Layer New Competitors: such as Polygon Avail, etc.
  2. A more flexible and efficient execution layer: for example, Fuel adopts UTXO and high parallelism virtual machine.
  3. Layer2 Optimization Plan:
    • AltLayer adopts a modular Rollup approach.
    • OP Stack supports rapid construction of Layer2
    • Stackr and dymension support rapid construction of application-specific Rollups.
  4. Solve the Sequencer Centralization Issue:
    • Shared sequencer services, such as Espresso, OP Stack, etc.
    • Decentralized Sequencer Design

In addition, more Layer 2, "subnet" and Layer 3 will emerge:

  • Avalanche ( Subnet ), Binance Chain and other build Layer 2 "subnet" ecosystem
  • L3 for vertical scaling implemented on Layer 2, such as Starknet's Slush, zkSync's Opportunity, etc.

2023 Five Major Technology Trends to Watch: Ethereum Upgrade, Staking, Modularity, ZK Applications, and Account Abstraction

ZK Technology Widely Developed and Applied

Although zkEVM will have multiple testnets and even mainnet launches in 2023, the technology maturity still requires time.

The application of ZK in other fields is worth looking forward to, especially zkBridge:

  • The validation of the validator's signature on the light client has been changed to ZK proof.
  • ZK-ifying the PoS consensus process

Other trends in the cross-chain field:

  • The increase of multi-chain (, full-chain ), and cross-chain applications, such as cross-chain authentication for identity and records.
  • Cross-chain MEV may repeat the development on single chains.
  • 链间安全(Interchain Security)方案成熟

Five Major Technology Trends to Watch in 2023: Ethereum Upgrades, Staking, Modularization, ZK Applications, and Account Abstraction

Terminal Application Innovation

Wallet and User-end Application Innovation:

  1. MPC (TSS) may become a standard configuration, supporting more application scenarios.
  2. Account abstraction (AA) design is nearing completion, and the product combined with MPC is worth looking forward to.
  3. More developments will occur in applications such as payments and financial services on the Lightning Network:
    • OmniBOLK Taro introduces stablecoins and custom asset types
    • DLC non-custodial solutions realize financial derivatives applications
    • The social protocol Nostr combined with the Lightning Network brings new traffic

Web3 developer tools are continuously improving:

  • The Move language ecosystem is expected to see growth in developers.
  • Layer2 development ecosystem, especially zkVM type environments
  • Low-code, no-code tools, new developer kits, etc.
  • Middleware layer and related tools improve on-chain data processing
  • Endpoint services achieve decentralization, faster execution, and richer functionalities.

Top 5 Technology Trends to Watch in 2023: Ethereum Upgrade, Staking, Modularity, ZK Applications, and Account Abstraction

Top 5 Technology Trends to Watch in 2023: Ethereum Upgrade, Staking, Modularization, ZK Applications, and Account Abstraction

Top 5 Technology Trends to Watch in 2023: Ethereum Upgrade, Staking, Modularity, ZK Applications, and Account Abstraction

Top 5 Technology Trends to Watch in 2023: Ethereum Upgrade, Staking, Modularization, ZK Applications, and Account Abstraction

2023 Five Major Technology Trends to Watch: Ethereum Upgrade, Staking, Modularization, ZK Applications, and Account Abstraction

Five Major Technology Trends to Watch in 2023: Ethereum Upgrade, Staking, Modularization, ZK Applications, and Account Abstraction

2023 Top Five Technology Trends to Watch: Ethereum Upgrade, Staking, Modularity, ZK Applications, and Account Abstraction

2023 Top Five Technology Trends to Watch: Ethereum Upgrade, Staking, Modularization, ZK Applications, and Account Abstraction

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ForkMastervip
· 23h ago
I have to feed the three children instant noodles for a few more days.
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GasFeeAssassinvip
· 23h ago
Oh no, we have to prepare for high gas fees again.
View OriginalReply0
ForkTonguevip
· 23h ago
Will upgrading bring peace to the world?
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FlippedSignalvip
· 23h ago
Still blowing stake, how many times have you been played people for suckers and it's still not enough?
View OriginalReply0
PensionDestroyervip
· 23h ago
Are you staking to Clip Coupons again?
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BearMarketLightningvip
· 08-05 23:13
Buy the dip with eth next year?
View OriginalReply0
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