Ethereum Updated Roadmap For 2024 Was Launched

Key Points:

• Vitalik Buterin unveils the 2024 Ethereum updated roadmap with six priorities, including PoS consensus, scalability, and mitigating economic centralization risks.
• The September 2022 Merge successfully shifts Ethereum from PoW to PoS, significantly reducing energy consumption.

Vitalik Buterin has unveiled the 2024 Ethereum updated roadmap, maintaining continuity with last year’s plan but emphasizing six core priorities.

Read more: Vitalik Buterin Envisions A New Decentralized Future For Ethereum And Web3

Ethereum Updated Roadmap: Vitalik Buterin Outlines Key Priorities for Advancement

Through a series of posts on X (formerly Twitter), Buterin delineated these priorities, which include the Merge, Surge, Scourge, Verge, Purge, and Splurge.

The Merge, a robust proof-of-stake consensus, took center stage in the roadmap, with the goal of ensuring a simple and resilient PoS system. The Surge, targeting 100,000 transactions per second across Ethereum and Layer 2 networks, aims to enhance network scalability. The Scourge focuses on mitigating risks related to MEV and liquid pooling, addressing concerns about economic centralization within Ethereum.

Buterin endorsed single-slot finality (SSF) as a crucial solution for Ethereum’s current weaknesses and praised advancements in Layer 2 networks and Verkle tree implementations. The roadmap’s detailed chart, featuring annotations and diagrams, clarified the intricacies of these priorities.

The Purge seeks to simplify the protocol, while the Verge aims to facilitate easier block verification. The Splurge encompasses all other elements crucial for Ethereum’s growth.

Highlighting the significant shift in Ethereum’s consensus mechanism, the Merge took place in September 2022, integrating the Ethereum mainnet with the proof-of-stake Beacon Chain. This transition drastically reduced the network’s energy consumption, moving away from the power-intensive proof-of-work mechanism.

Vitalik emphasized the reorientation of the Scourge priority, focusing on combating economic centralization within Ethereum, particularly in two key areas: MEV and liquid stake pooling. The concerns arose with the growth of Ethereum staking service Lido, prompting a vigilant approach to maintaining decentralization.

In summary, the 2024 Ethereum updated Roadmap underlines the blockchain’s commitment to innovation, scalability, and mitigating risks, building on the foundation laid out in 2023 with strategic adjustments for continued progress.