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Vitalik: Ethereum is considering migrating to Poseidon hashing to optimize zero-knowledge proof friendliness
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According to Ethereum co-founder Vitalik Buterin, Ethereum is seriously considering migrating the network to the Poseidon hash function to optimize zero-knowledge proof friendliness. Vitalik strongly encourages researchers to participate in the Poseidon cryptographic analysis program, stating that obtaining more information about its security properties is of great value.
On May 25, Ethereum founder Vitalik shared his views on the future development direction of the Ethereum Foundation in a post on the X platform. He emphasized that this is just his personal opinion. The board does not consist solely of him, and he does not have more special powers than other board members. Aya Miyaguchi is leading most of the execution work for this transformation, while his own involvement is more focused on technical issues. The board is currently expanding, and his influence within the organization will continue to decline in the future, which, frankly, is what he hopes to see.
By 2025, the Ethereum Foundation has made significant improvements in its execution capabilities. Many issues have been resolved, and the foundation continues to benefit from greater efficiency and a stronger focus on specific goals. However, as these issues were addressed, he began to care more about another concern: he often sees people saying, 'Vitalik has always talked about Ethereum needing to be decentralized, having privacy, and becoming a shelter technology, but why do the actions of the Ethereum Foundation not reflect these ideals?'
Of course, there are those who hold completely different views. Some do not feel there is a crisis at all, but rather believe that the Ethereum Foundation has finally begun to take execution and business development seriously, and the next focus should be to continue along this path faster and stronger. Vitalik believes that this difference essentially reflects varying sensitivities to different types of criticism, and he is more easily hurt by criticisms regarding deviations from values.
Vitalik stated that the Ethereum Foundation should not be 'the center of Ethereum,' but rather 'a node with clear responsibilities, existing alongside other nodes.' In the past, they have always said this, but many people in the ecosystem, including some within the foundation, hoped the foundation would become a true center. Now, they are taking concrete actions to ensure the foundation becomes the latter.
This is particularly important because the Ethereum Foundation is essentially a resource-limited and organizationally limited entity. The foundation currently holds only about 0.16% of all ETH, which is even lower than many large ETH holders; whereas many other blockchain projects' 'central foundations' typically control 10%-50% of their tokens.
The current Ethereum Foundation has decided to use its remaining resources to pursue 'long-term viability' rather than continuous expansion (which also means they will sell less ETH). The foundation will focus on those things that are crucial for Ethereum to become a censorship-resistant, control-resistant, open, private, and secure system, but that no one else would do if the foundation does not.
This means they must make difficult choices. Some projects and individuals they highly respect may no longer belong to the foundation's system in the future. In fact, if they want important tasks to attract external capital, it may be necessary to keep some talented individuals, influential public figures, and those who share the mission and CROPS philosophy outside the foundation.
This also means that the Ethereum Foundation will take a clearer and more principled stance on a cultural level.
Market data shows that ETH has surpassed $2100, currently priced at $2101.04, with a 24-hour increase of 1.9%. The market is experiencing significant volatility, so please ensure proper risk management.
On May 24, Axios reported, citing a U.S. official, that Iran's Supreme Leader has approved the overall framework of the agreement. There are some important statements for us and some significant wording for Iran. It is expected that the agreement with Iran will not be signed on Sunday, as there are still some issues that need to be resolved. The current status of the Iranian regime is progressing slowly, and completing the necessary approvals will take a few days.
Market data shows that ETH has fallen below $2100, currently priced at $2096.81, with a 24-hour increase of 2.47%. The market is experiencing significant volatility, so please ensure proper risk management.
Market data shows that BTC has surpassed $77,000, currently priced at $77,073.6, with a 24-hour increase of 1.32%. The market is experiencing significant volatility, so please ensure proper risk management.
On May 24, Trump stated on social media that he had "very good calls" in the Oval Office with leaders from Saudi Arabia, the UAE, Qatar, Pakistan, Turkey, Egypt, Jordan, Bahrain, and others regarding Iran and a peace memorandum. Trump claimed that the agreement has been largely negotiated and is pending finalization by the U.S., Iran, and other relevant countries. Additionally, his call with Israeli Prime Minister Netanyahu was also "very smooth." The final details of the agreement are under discussion and will be announced soon. Trump specifically noted that, in addition to several aspects of the agreement, the Strait of Hormuz will be opened.
Market data shows that BTC has surpassed $76,000, currently priced at $76,001.27, with a 24-hour increase of 0.05%. The market is experiencing significant volatility, so please ensure proper risk management.
On May 24, according to the Washington Times citing sources close to the negotiations, the United States and Iran are expected to announce the finalization of a peace agreement within 24 hours after negotiating representatives approved a draft agreement to end all combat on the front lines. The agreement still awaits final approval from both governments.
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