Vitalik Buterin identifies three significant technical transitions that the Ethereum network must undergo simultaneously for it to shift from being an experimental technology to a mature tech stack that enables an open, global, and permissionless experience for its users. These transitions include the L2 scaling transition, which entails all stakeholders moving to rollups, the wallet security transition, involving everyone adopting smart contract wallets, and the privacy transition, which covers the provision of privacy-preserving funds transfers and ensuring that other emerging gadgets, such as social recovery, identity, and reputation, are privacy-preserving.
An insightful week-end read: