Vitalik spends 30 minutes every year introducing 'What is Ethereum'. This year, his one sentence summary is: Ethereum is not something like FTX. I actually think his speech content is very exciting and worth watching the original video. I have also compiled it into a Chinese version: https://substack.chainfeeds.xyz/p/vitalik-buterin-30-2025 ） He started with the core values of Ethereum: one ️⃣ From 'Centralized Trust' to 'Anyone Can Verify' two ️⃣ From 'not doing evil' to 'unable to do evil' three ️⃣ From 'I build for you' to 'We build for each other' four ️⃣ From 'pleasing politicians' to' credible neutrality and freedom ' He believes that blockchain is good at: one ️⃣ Finance and DAO (Solving Double Payment) two ️⃣ Non financial applications (such as using ENS as an example) three ️⃣ Anti censorship and proof four ️⃣ There is no proof of inexistence or timestamp proof Blockchain itself is not good at: one ️⃣ privacy two ️⃣ Extreme scalability three ️⃣ low latency four ️⃣ Accessing information from the real world He also believes that Ethereum's greater vision, in addition to the Web3 concept proposed by Gavin Wood in the early days, is now more important in "cryptography", especially "programmable cryptography" ZKP、FHE， And even more distant Obfuscation. For Ethereum's plans for the next few years, he proposed these important nodes: one ️⃣ 2025-2026: Scalability Arc The gas limit for each block has been increased by 50% this year and will continue to rise to 60 million gas in the future. And after the upgrade of EIP-7732 (ePBS) and EIP-7928 (Block level access list), larger blocks can be processed more securely and parallelization can be gradually promoted. two ️⃣ ZK-EVM: Full Node Cultural Regression Ethereum is no longer suitable for ordinary people to run full nodes, but Vitalik still hopes to make running full nodes on local devices (even phones) a core goal. And ZK-EVM is an important solution to achieve this goal. according to http://ethproofs.org Currently, there are provers capable of real-time proving Ethereum blocks using dozens of consumer grade GPUs, and this number is rapidly decreasing every few months. He stated that in the next one to two years, although the scale of Ethereum is expanding, the number of people able to run full nodes will significantly increase. three ️⃣ 2026-2027: Anti censorship and decentralized upgrade The core is FOCIL and (his persistent) account abstraction technology. four ️⃣ Longer term Lean Ethereum (2027-2030) Including ZK friendly virtual machines, quantum resistant algorithms, ZK friendly hash functions, formal verification, better consensus, etc. read the whole passage: https://substack.chainfeeds.xyz/p/vitalik-buterin-30-2025