Ethereum co-founder Vitalik Buterin immediately retweeted threads by blockchain analyst Evan Van Ness, which construct on Buterin’s posts about the way forward for Ethereum know-how. Ness’s threads summarize Buterin’s factors and make them simpler for everybody to comply with.
A sequence of threads by @evan_van_ness summarizing the posts I wrote on the way forward for ethereum tech https://t.co/eiZNABzvYP
— vitalik.eth (@VitalikButerin) November 7, 2024
Within the sequence, Van Ness outlines Ethereum’s core technical roadmap, together with bold targets like enhanced decentralization, diminished staking necessities, and sooner transactions. The simplified format goals to make complicated subjects akin to “The Merge” and “The Surge” extra accessible.
The Merge, Surge, and Scourge
The Merge refers to Ethereum’s historic transition from the Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS) in 2022. This made Ethereum extra energy-efficient and scalable by permitting customers to take part in community safety by way of staking.
The minimal staking requirement is at present 32 ETH. Nonetheless, the crew needs to decrease this threshold to draw extra members worldwide to additional improve Ethereum’s decentralization.
The Surge is a section targeted on bettering scalability. It introduces sharding, which splits the blockchain into smaller elements to course of transactions in parallel, boosting throughput. It additionally enhances rollups (layer two options) to dump transactions from the mainnet.
Van Ness additionally mentioned The Scourge, one other section in Ethereum’s improve roadmap. The Scourge focuses on bettering Ethereum’s transaction censorship resistance and equity. It goals to forestall block producers from unfairly censoring transactions or gaining centralized management, guaranteeing the community stays decentralized, safe, and immune to manipulation because it scales.
Enhancing Transaction Velocity and Safety
One other main objective is to make Ethereum’s transactions sooner and extra dependable. Ethereum’s present system, primarily based on Proof of Stake (PoS), achieves “financial finality” in about quarter-hour. Ethereum goals to scale back this finality time to only one block, or about 12 seconds. This is able to dramatically pace up transaction processing, bettering community effectivity.
Ethereum can be targeted on long-term safety, notably regarding rising threats like quantum computing. As quantum computer systems advance, they might probably compromise the cryptographic algorithms that safe blockchain networks. Ethereum is exploring post-quantum cryptography options to future-proof its encryption.
The community can be engaged on bettering resilience in opposition to assaults, together with potential dangers from a 51% assault (the place a single entity controls nearly all of staking energy). These enhancements are a part of Ethereum’s ongoing efforts to strengthen the community in opposition to varied threats because it scales.
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