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The Three Transitions
As Ethereum transitions from a young experimental technology into a mature tech stack that is capable of actually bringing an open, global and permissionless experience to average users, there are three major technical transitions that the stack needs to undergo, roughly simultaneously: • The L2 scaling transition - everyone moving to rollups • The wallet security transition - everyone moving to smart contract wallets • The privacy transition - making sure privacy-preserving funds transfers are available, and making sure all of the other gadgets that are being developed (social recovery, identity, reputation) ... (full story)