Ethereum L1 is positioned as the "global financier" - Vitalik outlines the path ahead

Ethereum founder Vitalik Buterin recently shared his strategic vision for the platform, recognizing that the role of Ethereum L1 should be similar to global infrastructure platforms that have proven their value over time.

Ethereum like BitTorrent: The Power of Peer-to-Peer Networks

Vitalik makes an interesting comparison: Ethereum shares core characteristics with BitTorrent—a decentralized peer-to-peer file sharing network. However, the key difference is that Ethereum adds a robust consensus mechanism, allowing millions of participants to operate simultaneously while ensuring data integrity and security. This marks a leap from a simple peer-to-peer network to a trustworthy financial infrastructure.

Lessons from Linux: Building Sustainable Infrastructure

But Vitalik truly draws inspiration from the Linux model—a free, open-source operating system that never compromises on principles. Notably, Linux, starting from a small project, has become the backbone behind billions of devices worldwide. Governments, large corporations, and even major organizations rely on it daily.

Linux succeeds because it exists in two forms: user-friendly distributions (like Ubuntu), and sophisticated, minimalist technical versions for those who want full control (like Arch). Both are loved by different user groups.

Ethereum L1: Creating a Global Financial “Hometown”

According to Vitalik, Ethereum L1 should serve as a “financial hometown”—a place where individuals and organizations seeking true independence can find it. This extends beyond financial transactions to identity, governance, social interactions, and more.

Most importantly, L1 must enable users to access the full power of the network directly without relying on any intermediaries. This is not a small ambition—it’s a fundamental shift in how people manage finances and interact with each other.

Demonstrating Feasibility: Infrastructure That Can Serve All

For example, Linux shows that an open-source, decentralized infrastructure can simultaneously:

• Serve billions of users worldwide
• Be trusted by the largest organizations
• Maintain technical and philosophical independence
• Provide real value, not just theory

Ethereum L1 aims for a similar goal—becoming the foundational financial infrastructure that the world can build upon, whether you’re an individual seeking autonomy or an organization pursuing true independence.