🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
According to PANews news on June 9, Vitalik stated in his new article "The Three Transitions" that as Ethereum transforms from a young experimental technology to a mature technology stack, it can truly bring open, global With a permissionless experience, the stack needs to go through three major technology transitions roughly simultaneously: One is the L2 scaling transition: everyone moves to rollups. The second is wallet security transition: everyone is moving to smart contract wallets. Three is the privacy transition: making sure that privacy-preserving money transfers are available, and making sure that all other gadgets being developed (social recovery, identity, reputation) are privacy-preserving.
Vitalik believes that without the completion of the three transitions, Ethereum will fail. Without the first transition, the cost per transaction is $3.75 ($82.48 if we have another bull run), and every product aimed at the mass market inevitably forgets the chain and adopts a hub for everything oriented workarounds. Without a second transition, users are reluctant to store their funds (and non-financial assets), and everyone turns to centralized exchanges. Without a third transition, all transactions (and POAP etc.) are exposed for anyone to see, which is too high of a privacy sacrifice for many users, and everyone turns to at least somewhat hiding your Centralized solution for data.