Vitalik publishes detailed roadmap for the new year

Jan. 1, 2024

By Assad Jafri

Ethereum co-founder Vitalik Buterin announced the plan on social media on Dec. 31, outlining several key initiatives for the platform’s development.

Enhancements in scalability

In 2022, Ethereum underwent a significant change known as ‘The Merge,’ transitioning from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. The transition is expected to reduce the platform’s energy consumption and lay the groundwork for future enhancements.

‘The Surge,’ a crucial component of Ethereum’s roadmap, aims to increase network scalability through data sharding. By dividing the blockchain into smaller parts, Ethereum intends to boost its transaction processing capabilities and reduce costs, addressing one of the most pressing issues faced by blockchain technologies today.

This development is expected to bring Ethereum closer to achieving its goal of processing over 100,000 transactions per second, as noted by Buterin in recent statements.

Network streamlining and future research

‘The Scourge’ and ‘The Verge’ focus on enhancing network security and user experience, respectively.

The Scourge is designed to tackle potential security vulnerabilities and improve the robustness of the network, including the challenges posed by Miner Extractable Value (MEV) and liquidity pooling.

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