当以太坊虚拟机遇上华尔街：下一个 Excel 时刻？

比推Published on 2025-08-19Last updated on 2025-08-19

作者：David Hoffmanm, 加密 KOL

编译：Felix, PANews

原文标题：以太坊虚拟机EVM将成为华尔街的微软Excel时刻

近期 Circle 和 Stripe 均宣布推出 L1 公链：

  • Circle 推出的新 L1 公链 Arc 是一条与 EVM 兼容的 L1 链，拥有 20 个来自受监管且值得信赖的机构联盟的许可验证者。

  • Stripe 正在构建一条 L1 公链，可能会使用 Paradigm 的 RETH 客户端——这是一个使用 Rust 构建的高性能以太坊客户端。Paradigm 的创始人 Matt Huang 是 Stripe 的董事会成员，很可能为 Stripe 链（名为 Tempo）做出了大量开发工作。

近期加密推特讨论的基本上可以归结为：“这对加密货币是好是坏？这对我的持仓是好是坏？”

个人觉得许可型 L1 极其无趣。加密货币的价值和“主线故事”在于开源软件，而以太坊正是这个故事的核心。

构建许可的 L1 与加密货币的主线相去甚远，甚至显得无关紧要。就 Circle 和 Stripe 而言，区块链技术只是被用作数据库结构，仅此而已。

Arc 和 Tempo 会发行 L1 资产吗？

如果它们发行了，那就意味着有去中心化的意图，那么这些链看起来就会更令人感兴趣。但就目前而言，在没有进一步数据的情况下，可以合理地认为这两条链都不会发行 L1 资产，而是会成为前端应用程序后端用于稳定币结算的私有内联网。

加密领域还有一条定律，那就是如果某事物能够发行代币……它最终都会发行代币（比如 Base），所以忽视这种可能性也是不切实际的。如果这些企业级 L1 最终发行了代币，那它们就向开源的去中心化开发者平台迈进了一步，而这更接近加密货币的主线故事。

Stripe 和 Circle 会尝试鼓励开发者在其链上进行开发吗？

如果开发者没有得到奖励或者不是链的部分所有者，他们愿意在别人的区块链上进行开发吗？Stripe 已经拥有庞大的开发者社区……但那是一个 Web2 开发者社区，他们构建的是 Web2 前端和电商网站。这会转化为鼓励 Web3 开发者在 Tempo 上进行开发吗？在 Tempo 上开发的价值是否大于在以太坊或其任何 L2 网络上开发的价值？

也许这些链会一直保持为无 L1 资产的许可联盟链，仅仅是剥离 Visa、Mastercard 和 Swift 的业务逻辑后端，用于构建自己的结算网络。

所有这些问题都没有答案，也尚不明确，所以个人认为现在就讨论“这对 BTC、ETH、SOL 或整个加密行业是否有利”还为时尚早。

毋庸置疑的是，这些企业级 L1 链对以太坊虚拟机（EVM）有利。

下图是本周在以太坊纽约大会上演讲的一张幻灯片：

一切始于 Robinhood 链，这是 TradFi 公司构建并拥有 EVM 实例的首个案例。Robinhood 已聘请 EVM 开发人员，而对 EVM 的理解如今已成为 Robinhood 业务的核心。现在，Circle 和 Stripe 也加入了 TradFi 的行列，这些公司已在其公司架构中聘用并管理 EVM 人才。

重点在于：每一家涉足加密货币的传统金融公司都需要聘请 EVM 开发人员。对于传统金融公司而言，理解 EVM 已成为其升级后端逻辑以适应区块链未来的必要条件。

正如微软 Excel 支撑着传统金融一样，EVM 是华尔街为保持市场份额、不被以太坊上的创新所颠覆而需要充实人才的新一代账本软件。

一旦你深入研究以太坊，就会发现所有道路最终都指向 ETH 的价值捕获，而这正是其中一条途径。尽管非常间接且柔和，但 EVM 帝国的扩张最终会为处于 EVM 中心的资产：ETH，带来增值。

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原文链接:https://www.panewslab.com/zh/articles/a0d7bae7-d378-4771-877d-6b0c88524abd
说明: 比推所有文章只代表作者观点，不构成投资建议
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