Ethereum network development roadmap details announced by founder Vitalik Buterin

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2022-07-23 07:20:41

After The Merge, Ethereum founder Vitalik Buterin said there will be more upgrades to the Ethereum network.

On July 21 at the Ethereum Community Conference (EthCC) being held in Paris (France), Vitalik Buterin discussed directly what will happen when The Merge is completed. On his personal page, Buterin also posted a detailed roadmap.

Accordingly, Ethereum will have to undergo further upgrades divided into four different stages including The Surge (growth), The Verge (limit), The Purge (purification) and The Splurge (explosion). .

Ethereum Community Conference (EthCC) to be held in Paris from July 19 – 21, 2022

The Merge

After the Ethereum development team successfully activated the landmark Shadow Fork version of the MEV (Miner-Extractable Value) feature and determined the expected time to deploy The Merge in the third week of September, the Here, Ethereum founder Vitalik Buterin unexpectedly revealed the first plans for the platform’s development path after moving to Proof-of-Stake (PoS).

The Surge

During The Surge, Vitalik Buterin mentions the addition of sharding, a scaling solution that the Ethereum Foundation claims will further enable Layer 2 protocols to operate more efficiently, reducing costs and make it easier for users to operate Ethereum network security nodes. Besides, the Ethereum network founder added that once the growth phase is complete, the network will also process transactions faster.

“Ethereum today can handle about 15-20 transactions per second. At the end of this roadmap, however, Ethereum will be a much more scalable system. Eventually, Ethereum will be able to process 100,000 transactions per second.

In terms of overall network development, Ethereum will be 55% complete once we implement The Merge. So there is more work for developers ahead.”

Ethereum network founder speaks on network development roadmap

The Verge

Next in The Verge phase, Ethereum will build an easy-to-use lightweight client for consensus and execution layer solutions as well as Layer 2 on top of the platform. It also provides better support for investors looking to become validators of network transactions but owning less than 32 ETH is required to stake the protocol.

This new model, called “verkle trees,” is seen as a major upgrade allowing for much smaller proof sizes. This will optimize storage on Ethereum and help reduce node size, allowing ETH to scale more. These technical upgrades will allow users to become network authenticators without having to store large amounts of data on their machines. In Buterin’s view, The Verge will be a great tool to help make ETH more decentralized.

The Purge

At the stage of The Purge, Vitalik Buterin wanted to reduce the hard drive space required for validators on Ethereum with the aim of helping to eliminate historical data, bad debt, and streamline storage, thus reducing network congestion. passed proposal EIP-4444.

This can have a significant impact on the overall ETH network in the process of operation and expansion, but Buterin believes that building a better decentralized ecosystem requires “sacrifice” in the short term. term to achieve long-term benefits.

The Splurge

And coming to the final phase of The Splurge, Ethereum will conduct a series of other upgrades to ensure the network runs more smoothly compared to the previous 4 stages.
Accordingly, Buterin has planned to improve Ethereum with better cryptographic technologies in The Splurge, which is quantum resistant and integrates well with the Ethereum Virtual Machine (EVM) as well as Zero-knowledge (ZK) technology. . In addition, a detail of great interest at this stage is that improvements to the EIP-1559 combustion mechanism will also be implemented.

“We also need to keep an open mind, because I don’t know exactly what the needs of 2032 will be.”
However, the Ethereum founder also shared his skepticism about the potential new opportunities just mentioned, including adding support for many complex virtual machines that are too “comfortable” with technologies. like zk-SNARK or make the protocol so complex that it makes them incomprehensible without the support of industry experts.

Although Vitalik Buterin thinks that pursuing these decentralized goals is difficult because of the complexity of the network and the rapid pace of change in the blockchain space, he asserts that the Ethereum team is still working very hard. just to complete the roadmap set out in response to the community’s expectations of network upgrades at the moment.

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