Ethereum Co-Founder Proposes Ambitious Changes for Network
Ethereum co-founder Vitalik Buterin has outlined a series of proposals aimed at addressing key issues within the Ethereum network, including staking centralization, scalability, and security. During an interview with the NFT platform Defiant, Buterin emphasized the need to improve decentralization in Ethereum’s staking mechanism by fostering healthier staking pools.
Major Changes for Ethereum
Buterin discussed the upcoming EIP-4844 upgrade, known as Danksharding, which will increase the data map space to 16 Megabytes per slot. This upgrade is crucial for improving Ethereum’s scalability and efficiency. Buterin also highlighted the importance of off-chain data solutions for scaling and mentioned advancements in Merkle trees, SNARKs, and EVM improvements.
Buterin proposed a voting system for future network changes to democratize the process and potentially eliminate the need for hard forks. He also discussed advanced concepts such as private mempools, ERC-4337, code pre-compilation, and Zero-Knowledge Ethereum Virtual Machines (ZK-EVMs), emphasizing their role in enhancing network performance and user security.
Reducing Centralized Dependence
Buterin advocated for reducing reliance on centralized servers and promoting software advancements like the Portal Network and Helios to achieve a more decentralized peer-to-peer network. The goal is to empower users to independently verify data and move away from centralized nodes.
Buterin’s Optimistic Outlook
Buterin revisited the concept of Plasma as a scaling solution integrated with Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (ZK-SNARKs). He concluded with optimism, celebrating Ethereum’s transition to proof-of-stake and highlighting progress in scalability solutions and security advancements. The proposed changes aim to make Ethereum more scalable, secure, and efficient, creating a more inclusive and robust ecosystem.
Hot Take: Ethereum’s Ambitious Proposals for Network Improvement
Ethereum co-founder Vitalik Buterin has put forward a set of ambitious proposals to address key issues within the Ethereum network. These proposals include improving decentralization in the staking mechanism, enhancing scalability and efficiency through upgrades like Danksharding, implementing a voting system for network changes, and reducing dependence on centralized servers. Buterin also emphasized the importance of advanced concepts such as private mempools, code pre-compilation, and Zero-Knowledge Ethereum Virtual Machines (ZK-EVMs) for network performance and user security. With these proposals, Buterin aims to create a more scalable, secure, and inclusive ecosystem for Ethereum users and developers.
Source: Bitcoinist
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