Foresight News reports that Wei-Hao Wang, Co-Executive Director of the Ethereum Foundation, stated at Consensus 2026 that currently no other Layer 1 blockchain can compete with Ethereum in terms of technology and monetary value.
When discussing Ethereum’s core value proposition for development teams, he pointed out that resistance to censorship and privacy protection tools are becoming increasingly important. This not only aligns with crypto punk values but also meets the growing demand for on-chain privacy from institutions and ordinary users. Additionally, he emphasized that application layer innovation is another major focus, especially in the currently underserved “identity” sector. ENS has laid the foundation for user identity creation, and future efforts should explore universal identity solutions with privacy features to cover various application scenarios such as ticket sales, governance use cases, and social layers.
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