2024-01-02 18:53:58
The founder of Ethereum has published his roadmap for 2024, which focuses on improving scalability, security and sustainability.
Ethereum co-founder Vitalik Buterin on December 31 reported unveiled the Ethereum 2024 plan on social media and outlined several key initiatives to develop the platform.
Improved scalability
In 2022, Ethereum underwent a significant change which „The Merge” known as That’s when the network switched from the proof-of-work system to the proof-of-stake (PoS) consensus mechanism. The transition is expected to reduce the platform’s energy consumption and lay the foundation for future developments.
A „The Surge”, a key element of Ethereum’s roadmap, aims to increase the scalability of the network by splitting data. By dividing the blockchain into smaller parts, Ethereum will be able to increase the ability to process transactions and reduce costs. With this one of the most pressing problems of blockchain technology will be addressed.
This development is expected to bring Ethereum closer to its goal of processing more than 100,000 transactions per second.
Network rationalization and future research
A „The Scourge” is in „The Verge” milestones focused on enhancing network security and user experience.
Scourge aims to address potential security vulnerabilities and improve network robustness. This includes the management of Miner Extractable Value (MEV), i.e. the value that can be extracted by miners, and the challenges posed by liquidity.
On the other hand, Verge aims to simplify the user experience and provide improved tools for developers. This will make Ethereum more accessible and efficient.
The schedule includes a „The Purge” is in „The Splurge” also development milestones.
Purge, which means cleaning in Hungarian, involves removing obsolete code to improve network efficiency and security.
Meanwhile, Splurge is an investment in the future of Ethereum. It explores emerging technologies and promotes innovation within the Ethereum ecosystem.
Basic principles
Buterin emphasized that Ethereum must reconnect with the original cypherpunk to vision. It also includes decentralized applications, privacy and peer-to-peer communication.
The goal is to make even more censorship-resistant applications possible on the Ethereum network over time.
Ethereum’s Roadmap to 2024 reflects a comprehensive strategy to address current challenges and capitalize on emerging opportunities in the blockchain space. Focused on scalability, security, sustainability, and fidelity to its principles, Ethereum is poised to solidify its leadership position in the digital currency ecosystem.
1704221904
#Ethereums #big #plan
