Vitalik Buterin Releases Ethereum’s 2024 Roadmap
Vitalik Buterin, the co-founder of Ethereum, has unveiled the network’s roadmap for 2024. In a series of tweets, Buterin outlined the key focuses for the upcoming year, including the Merge, Surge, Scourge, Verge, Purge, and Splurge.
Ethereum Prioritizes Single Slot Finality
Following the successful implementation of the Merge in September 2022, Ethereum will now prioritize the adoption of a single slot finality (SSF). This mechanism aims to address the network’s current weaknesses and enhance efficiency by proposing and finalizing blocks in the same slot, significantly reducing time-to-finality.
The Surge: Achieving 100,000 Transactions Per Second
Ethereum’s roadmap for 2024 includes a focus on achieving a target of 100,000 transactions per second on rollups. The network plans to make significant progress on cross-rollup standards and interop to enhance scalability.
Addressing Centralization Concerns with the Scourge
Ethereum aims to tackle its centralization issues through initiatives known as the Scourge. The focus will be on mitigating concerns related to Maximal extractable value (MEV) and liquid staking or pooling in the network’s Proof-of-Stake design.
Simplifying Block Verifications with the Verge
The Verge component of Ethereum’s roadmap aims to simplify block verifications. This involves implementing Verkle trees for easier block verification processes that require minimal data downloading and basic computations.
Streamlining the Protocol with the Purge
The Purge focuses on simplifying the Ethereum protocol, eliminating technical debts, and reducing network participation costs. This initiative aims to improve the overall efficiency and user experience of the network.
Final Thoughts
Vitalik Buterin’s roadmap for Ethereum in 2024 highlights the network’s key priorities for the year. With a focus on enhancing efficiency, scalability, and addressing centralization concerns, Ethereum aims to continue its evolution as a leading blockchain platform.
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