Technical and Ecological Controversy: Ethereum Upgrade Shorted, Vitalik Supports Scaling
Ethereum Shorted: Research institution Culper Research publicly shorted Ethereum (ETH), accusing its Fusaka upgrade of causing transaction fees to plummet by 90%, damaging the token economy, and even warning that ETH has entered a "death spiral."
Vitalik's Counterattack and New Vision: Ethereum founder Vitalik Buterin has taken a strong stance. He believes that Ethereum's core principles are unshakeable and has proposed a new scaling roadmap, suggesting that L1 (mainnet) should scale itself (such as raising the Gas limit), and encouraging L2 (layer two networks) to seek unique value beyond mere expansion (such as privacy, specific virtual machines, etc.) to address new challenges in regulation and ecological development. #Crypto Market Correction