#以太坊发展与挑战 Looking back at the development of Ethereum, one can't help but feel a mix of emotions. Since the birth of the Genesis Block in 2015, this platform has gone through 8 years. The project that was once filled with idealism is now facing unprecedented challenges.

Vitalik's recent warning reminds me of the enthusiasm of the early community. Back then, everyone was fighting for a decentralized future. But now, with the massive influx of institutional investors, we seem to be straying from our original intent. The amount of ETH held by Wall Street giants has exceeded $18 billion, a figure that is alarming.

History always has astonishing similarities. Back in the day, Bitcoin also faced a similar dilemma, where the influx of institutional funds once changed the ecology of the community. Now it's Ethereum's turn, and we must take it as a warning. If institutions dominate the technical direction, it will be a betrayal of the spirit of decentralization.

A block time of 150 milliseconds sounds tempting, but at what cost? Ordinary users cannot run nodes, which means increased centralization. We cannot repeat the mistakes of the past; we must adhere to Ethereum's core values. Globalization, permissionless, and censorship-resistant, these characteristics are what fundamentally distinguish Ethereum from traditional finance.

Looking to the future, I believe the key lies in balance. We need to attract institutional funds while maintaining community spirit; we must pursue technological advancement while adhering to the principles of decentralization. This is a difficult balancing act that requires the wisdom of the entire community. We must remember the lessons of history and not lose sight of our original intent in our development. Only in this way can Ethereum truly become a force for changing the world.