Here are Ethereum and Vitalik Buterin’s plans for 2024


Vitalik, co-founder of Ethereum, has just published the update of the network’s roadmap for 2024.

Vitalik publishes a new roadmap for Ethereum

First of all, the new roadmap is “practically similar” according to Vitalik. Indeed, improvements have been proposed to “The Surge” to improve scalability of the network. In addition to scalability, “The Source” is also improvede in order to alleviate the problems of centralization.

On December 28, two days before this new roadmap, Vitalik asked in a blog post to “make Ethereum Cypherpunk as before”. And so at a time “where significant parts of the non-blockchain decentralization community see the crypto world as a distraction, not as a kindred spirit and a powerful ally. ”

“We are not here to create isolated tools and games, but rather to build holistically towards a freer and more open society and economy. Where the different parts – technological, social and economic – are mutually integrated. The early vision of “web3” was also such a vision, going in an equally idealistic but somewhat different direction. The term “web3” was originally coined by Gavin Wood, co-founder of Ethereum. And he refers to a different way of thinking about what Ethereum is: rather than seeing it, as I initially did, as “Bitcoin plus smart contracts”, Gavin thought of it more broadly as one of a set of technologies that could together form the base layer of a more open Internet stack.”he writes.

Vitalik offers “minor” updates


As a result, Vitalik reviews the roadmap and makes “minor” updates. The first being improving SSF (purpose of a single investment).

“The role of Single Placement Purpose (SSF) in improving PoS post-merger is solidifying. It’s becoming clear that SSF is the simplest way to address a big name of the current weaknesses in Ethereum’s PoS design.”he writes in his thread.

Additionally, he adds that “significant progress has been made this year on the update Tea Surge (rollup scaling), both on the EIP-4844 only on rollups themselves.” In his blog post, Vitalik said that Rollups were “starting to actually exist” and described them as “good news” for the industry in 2024.

Afterwards, The Scourge has been “somewhat rethought.” Indeed, this update could make it possible to fight centralization and the power granted to important network stakers.

Finally, progress was also proposed in The Verge with Verkles Trees (hash), in the function “State Expiry” and on VDFs.

“State Expiry” has been reduced, to reflect a general consensus that this is a fairly low priority and low urgency item. Considering stateless clients and execution tickets. The VDFs have been reduced to reflect a temporary reduction in importance, due to cryptographic weaknesses in existing constructs.” he concluded.

As a reminder, JPMorgan recently announced that Ethereum would outperform Bitcoin in 2024. Indeed, the roadmap is promising, all we have to do is wait to see its development. Especially in view of the growth of its competitor Solana.

Source: Cointelegraph

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