Ethereum announced its 2024 roadmap focused on improving scalability, security, and sustainability.
Vitalik Buterin, co-founder of Ethereum, Social media On December 31st, we outlined several key initiatives for platform development.
Enhanced scalability
In 2022, Ethereum underwent a major change known as the “merge,” moving from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanisms. This transition is expected to reduce the platform’s energy consumption and lay the foundation for future enhancements.
A key element of Ethereum’s roadmap, “The Surge” aims to increase the scalability of the network through data sharding. By splitting the blockchain into smaller pieces, Ethereum aims to increase transaction processing power, reduce costs, and address one of the most pressing issues facing blockchain technology today. I am.
As Buterin noted in a recent statement, this development is expected to move Ethereum closer to achieving its goal of processing more than 100,000 transactions per second.
Network efficiency and future research
“The Scourge” and “The Verge” focus on enhancing network security and user experience, respectively.
Scourge is designed to address potential security vulnerabilities and improve network robustness, such as challenges posed by Miner Extractable Value (MEV) and liquidity pooling.
The Verge, on the other hand, aims to streamline the user experience and provide improved tools for developers to make Ethereum more accessible and efficient.
The roadmap also includes “The Purge” and “The Splurge.”
Purging involves removing obsolete code to improve network efficiency and security.
Meanwhile, The Splurge represents an investment in the future of Ethereum, exploring emerging technologies such as zero-knowledge proofs and rollups, and fostering innovation within the Ethereum ecosystem.
basic principles
Buterin emphasized the need for Ethereum to reconnect with its original cypherpunk vision that prioritizes decentralized applications, privacy protection, and peer-to-peer communication.
This includes the integration of rollups and zero-knowledge proofs to enable more private and censorship-resistant applications on the Ethereum network.
Ethereum’s 2024 roadmap reflects a comprehensive strategy to address current challenges and take advantage of new opportunities in the blockchain space. Ethereum is poised to strengthen its position as a leader in the digital currency ecosystem by staying true to its fundamental principles, with a focus on scalability, security, and sustainability.