Ethereum's Next Decade: From Verifiable Computers to Internet Property Rights

At the Ethereum Devconnect ARG, Fede, founder of LambdaClass, delivered a passionate and thought-provoking speech. He abandoned the traditional "world computer" narrative, redefining Ethereum as the first "verifiable computer" in human history. Fede believes that this "antifragility," based solely on mathematics and economic incentives and not relying on trust, is the fundamental cornerstone for Ethereum to establish internet ownership and support a multi-trillion-dollar "global economy." However, this was not a simple celebration, but a jarring wake-up call. Faced with the rise of high-performance public chains like Solana, Fede bluntly stated that the Ethereum community is facing the risk of "death by complacency." From denouncing the false prosperity of "most L2 implementations simply not working" to criticizing Solidity's self-defeating development experience, he called on the community to break free of its information cocoon and rediscover the ambition and fighting spirit of the "Bronze Age." He quoted a famous saying by Intel's former CEO, warning the audience: "In the brutal competition of technology, only the paranoid survive." From pushing the performance limits of 1 Gigagas to building the architectural vision of Lean Ethereum, Fede used the most hardcore technical details and the most sincere emotions to demonstrate how Ethereum will maintain its dominance over the next decade. This is not just a technology roadmap, but also a declaration of war against mediocrity. The following is a transcript of the key points of this speech. Speaker: Fede (LambdaClass) Today I'm going to talk about Ethereum's next decade: from a "verifiable computer" to a "global economy."

Core Definition: Ethereum is the first "Verifiable Computer"

To me, Ethereum is a **Verifiable Computer**. I've never really liked the "world computer" meme. I think AWS or Google are the real "world computers." They have countless funds and servers, but you have to trust them. The biggest difference between Ethereum and them is **verifiability**. Ethereum is the world's first verifiable computer that doesn't require trust in the computation itself, but only in economic incentives and mathematics. This gives it a huge advantage over AWS or Google Cloud. In traditional cloud services, everything is based on trust, and trust can be broken. A few days ago, I saw on Twitter that someone hacked into Bing and modified the movie list. If you searched for "top ten movies," the results were tampered with. In that case, you were actually trusting the hacker. This kind of thing can't happen on Ethereum unless the entire network is compromised, but that's extremely difficult because you would have to compromise multiple teams and multiple clients simultaneously, and everyone would be able to see the attack. This makes Ethereum **anti-fragile**. Every attack attempt, whether by North Korea, other national actors, or private hackers, actually makes Ethereum stronger because it continues to operate and handles massive sums of money. The Transformation of Verifiable Computers: Verifiable computers enable true **Internet Property Rights**. True Ownership: You no longer need to click "agree to terms" to hand over your data to tech giants; instead, you control everything through your private key. Private keys are more reliable than any terms of service. Global Neutrality: Chinese developers, Russian traders, US funds, and Argentinian users all compete on the same level.

The Cornerstone of Artificial Intelligence: In the next decade, we will tokenize everything, from art and land to artificial intelligence. This is crucial. If the future is driven by AI, hackers will have a huge incentive to tamper with AI parameters. We need Ethereum to verify whether AI is functioning as expected.

Product-Market Fit (PMF)

Ethereum has created a complete economy. It's not just $300 billion in size, but it processes $3 trillion in transactions monthly through stablecoins—three times the size of Visa.

Our biggest advantage over Visa or the NYSE is **Composability**. All funds, assets, and art are in one place and can be exchanged at any time.

This creates a flywheel effect. In this sense, Ethereum is less fragmented than global capital markets because it operates 24/7. Ethereum's current Product-Market Fit (PMF) can be summarized as: Decentralization/Permissionless Verifiability. Privacy (a feature we need to build at the core layer). Stablecoins (programmable, private, borderless dollars). Technical Challenges: The Tough Nuts We Need to Crack. To continue winning over the next decade, I must "grumble" from a technical perspective. Here are the challenges I see: 1. Performance We (LambdaClass) are building the Ethrex client. A team just told me we're only 10% behind Reth in performance. Most clients, besides Nethermind, Reth, Geth, and ourselves, struggle with performance. Without increasing the hardware requirements for validators, we'll have a hard time reaching the performance needed to compete with the likes of Solana. This touches on a sensitive topic: Gas Limit. For the past three years, we've decided not to increase the Gas Limit, which has slowed us down. I believe we can increase speed while maintaining verifiability. This used to be a taboo subject, but now, to compete, we need to accelerate. We can't wait if other execution layers can't keep up. Ethereum is more important than any single team. I'm also reflecting on whether Ethereum's goal is truly to allow everyone to run nodes at home on a $50 Raspberry Pi. I'm not sure. Perhaps as long as the verification cost is low enough (a few thousand dollars or even a few dollars), it doesn't necessarily need to be extremely low-barrier. 2. Scalability I think we should increase the Gas Limit by 100 times. The cheaper it is, the more people will use it. YouTube was born because the internet became faster. Furthermore, I'm a big fan of RISC-V and don't really like Solidity. Solidity doesn't represent Ethereum. While it has made huge contributions, it has many problems. I believe RISC-V should be the default standard. Regarding Layer 2: Frankly, most L2 technology stacks simply don't work. You clone the codebase and try to run it; it's broken. The current incentive mechanism is "issue a token and then ignore it, let it die." If you believe in a Rollup-centric roadmap, we must make running Rollups extremely simple. We are working hard to make Ethrex run L2 with a single command. 3. Interoperability and Decentralization A few days ago, AWS went down, and some Rollups also went down, which was terrible. The Solana community mocked us, and I think they have a point. We need to move to "Stage 2." We need decentralized sequencers, **Based Rollups** (reusing L1 pipelines to build L2), and technologies like **CommitBoost** to implement pre-confirmations. 4. Privacy I've received calls from lawyers warning me I was in big trouble, so I understand this deeply. We need to support all developers dedicated to privacy (like Roman, Alexei, and the developers of Samurai Wallet). If I wanted my mother to use Ethereum, she certainly wouldn't want all her transactions to be visible to the world. Currently, the rules regarding privacy development are very vague; we need to work together to address this. 5. Security The Solidity compiler has too few maintainers; there are only one or two people on GitHub. This is Ethereum's most important programming language, yet it faces a huge risk of insufficient manpower. Solidity's syntax is simple, but it's easy to write security vulnerabilities. As a developer who has used over 20 languages, writing Solidity is like shooting myself in the foot. We need a better compiler, or a long-term solution like RISC-V ZKVM. 6. Post-Quantum Era We are working with Justin Drake to develop Lean Ethereum. Compared to Bitcoin, Ethereum has a huge advantage in deploying post-quantum cryptography because we allow for multi-client implementations and a more open community, even if it means we're making some radical changes. Social and Cultural Challenges: Rejecting Mediocrity I'm a die-hard Ethereum fan, and my company relies on Ethereum, but I must speak my mind: We need a "Bronze Age" mentality: Don't think, "We've either won or we're winning." This complacency leads to stagnation. Look at Intel, once a giant, now overtaken by NVIDIA and AMD. We need to maintain hunger and ambition. Break free from closed-door policies: Science and engineering require open debate. Important decisions like EOF (Ethereum Object Format) shouldn't be made in closed-door meetings. Closed-door decisions make it easy for state actors to control the network by infiltrating key decision-makers (see the OpenBSD case). Learn from the competition: I've attended every Solana Breakpoint conference, not because I support Solana, but because I want to learn from the competition. Linux succeeded by copying the strengths of Solaris and open-sourcing it. We need that attitude. Reject the echo chamber: We need to pay those who hold opposing views (contrarians). A partner in my company often criticizes me, which hurts me, but it creates a positive feedback loop. Without a good culture, there is no long-term good technology. What is LambdaClass doing?

We're not just complaining, we're doing it:

• Latin America Government Partnerships: In Argentina (Project Sobra), Mexico, and Colombia, we are conducting identity verification, KYC, and lending operations via on-chain IDs.

• Global Infrastructure: Building passport and property rights infrastructure in Africa and Central Asia (Uzbekistan, etc.).

• Technology Stack: Building Ethrex (L1 client), an L2 stack based on SP1 and Zisk, ZKVM in partnership with TMI Labs, and privacy and decentralized AI projects.

• Partners: We are partnering with IRSA (Argentine real estate giant) to streamline payment channels.

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Q&A Session

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Q: How do you feel about Devconnect being held in Argentina right now?

Happy. Very happy.

I'm glad my mother was there; she finally understands what I'm doing. I'm also happy to show the world what we're doing.

Q: What do you think is the most important initiative right now?

Lean Ethereum. I wasn't a big fan of the "Ultrasound Money" meme before. But Lean Ethereum is like a cathedral. When Justin Drake and I were walking in a cathedral in Cambridge, he asked me, "Do you think people will look at Ethereum's design like this cathedral 500 years from now?" I said, "Yes, and you're one of the architects."

Q: How much do you think the Gas Limit can be improved in the near future?

Thanks to Nethermind's amazing engineering capabilities (although I don't like the C# language), and our efforts with Reth, I think it can reach 300-400 Megagas on good servers.

In the coming years, with technological advancements, our goal is to reach 1 Gigagas. Q: You've interacted with various groups, from government officials to developers. What do they have in common? Even those bigwigs who don't fully understand Ethereum (royals, billionaires) know this is "for real." They trust "nerds" because nerds aren't just driven by money. They see Ethereum as the future winner. Q: What advice do you have for young builders? Don't raise funds until you find product-market fit (PMF). Money is just fuel; connections and vision are more important. Work with ethical, passionate people who want to do things that benefit society. Do things you'll be proud of ten years from now.