Ethereum

Vitalik Buterin Announced New Ethereum Roadmap With Some Major Changes

Vitalik Buterin, co-founder of Ethereum, announced a new version of the Ethereum development roadmap on Twitter. There are a few major changes to the roadmap. In addition, each category has more specific milestones, the role of quantum proofs will be clearer.

Today, the co-founder of Ethereum Vitalik Buterin announced a new version of the Ethereum development roadmap on Twitter.

In the new roadmap, there will be major changes including:

  1. The merger is not only about “verkle tree”, but also about “verification”, which will eventually Realize the “complete” SNARK “Ethereum;
  2. Add “The Scourge” to ensure reliable, fair and trustworthy neutral transactions and solve the MEV problem;
  3. Completeness of a slot that will be used as the Phase Two Unification landmark.

In addition, each category has more specific milestones. As a necessary part of the final agreement, the role of quantum proofs will become clearer.

The newly updated Ethereum roadmap details six phases to improve network performance and scalability: The Merge, the Surge, The Scourge, The Verge, The Purge, and The Splurge. It is important to note that the Ethereum network began its Consolidation phase in September after it merged the previous Proof-of-Work (PoW) blockchain with the newly built Proof-of-Stake (PoS) network.

Ethereum’s MEV problems involve the use of bots to clamp and mine transactions on the network, and often lead to congestion and high network fees. The developer community will now dedicate a network upgrade period to addressing the challenge.

Meanwhile, the fourth phase – The Verge – will now focus on making block verification easier on the Ethereum mainnet and other scalability solutions. Ultimately, “The Purge” and “The Splurge” will revolve around optimizing for existing infrastructure and ultimately perfecting the push for Ethereum to become mainstream.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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