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News

Vitalik Reveals Bold New Goals to Revolutionize Ethereum Splurge Phase

October 29, 2024 - Around 2 mins mins to read

Key Points:

  • Vitalik aims to achieve a stable “endgame state” for the Ethereum Virtual Machine (EVM), enhancing its performance to efficiently support complex decentralized applications (dApps).
  • Introducing account abstraction will provide users with safer and more convenient account management, making Ethereum more accessible to new and experienced users.
Ethereum co-founder Vitalik Buterin published the highly-anticipated sixth instalment of his series: “The Future Development of the Ethereum Protocol Part 6: The Splurge”, in which he shares his ambitious goals in making changes for better performance and user experience within the Ethereum Splurge phase.
Vitalik Reveals Bold New Goals to Revolutionize Ethereum Splurge Phase

Achieving a High-Performance EVM Endgame State Ethereum Splurge Phase

    Vitalik Buterin shared his thoughts about the areas of most significant focus that will impact the Ethereum Splurge phase’s roadmap in the next few years. One of the main goals highlighted in the article is the high-performance, stable “endgame state” of the EVM. Such advancement is essential to power increasingly complex dApps and ensure the Ethereum Splurge phase can efficiently deal with growing demands from its user base.

    Another key objective is to provide account abstraction in the protocol. Were this functionality implemented, Buterin said, it would represent a safer and more user-friendly way of dealing with accounts for which everybody, particularly the users, is not geeks. This could push the Ethereum Splurge phase over the edge and make it more widely used.

    Read more: Vitalik Advocates for Enhanced DAO Membership Accessibility

    Introducing Account Abstraction for Enhanced Security

    Buterin’s second central point was to optimize transaction fee economics. Greater scalability with reduced risks of high transaction costs would indeed let Ethereum sustain a better and more efficient environment for both users and developers.

    Advanced encryption technologies form a significant portion of Buterin’s vision. He believes that embedding advanced encryption techniques could boost Ethereum’s security and functionality, making it relevant in rapid technology changes.

    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.

    Ethereum

    Ethereum Splurge

    Ethereum Splurge Phase

    Vitalik

    Author

    Annie

    Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
    News

    Vitalik Reveals Bold New Goals to Revolutionize Ethereum Splurge Phase

    Key Points:

    • Vitalik aims to achieve a stable “endgame state” for the Ethereum Virtual Machine (EVM), enhancing its performance to efficiently support complex decentralized applications (dApps).
    • Introducing account abstraction will provide users with safer and more convenient account management, making Ethereum more accessible to new and experienced users.
    Ethereum co-founder Vitalik Buterin published the highly-anticipated sixth instalment of his series: “The Future Development of the Ethereum Protocol Part 6: The Splurge”, in which he shares his ambitious goals in making changes for better performance and user experience within the Ethereum Splurge phase.
    Vitalik Reveals Bold New Goals to Revolutionize Ethereum Splurge Phase

    Achieving a High-Performance EVM Endgame State Ethereum Splurge Phase

      Vitalik Buterin shared his thoughts about the areas of most significant focus that will impact the Ethereum Splurge phase’s roadmap in the next few years. One of the main goals highlighted in the article is the high-performance, stable “endgame state” of the EVM. Such advancement is essential to power increasingly complex dApps and ensure the Ethereum Splurge phase can efficiently deal with growing demands from its user base.

      Another key objective is to provide account abstraction in the protocol. Were this functionality implemented, Buterin said, it would represent a safer and more user-friendly way of dealing with accounts for which everybody, particularly the users, is not geeks. This could push the Ethereum Splurge phase over the edge and make it more widely used.

      Read more: Vitalik Advocates for Enhanced DAO Membership Accessibility

      Introducing Account Abstraction for Enhanced Security

      Buterin’s second central point was to optimize transaction fee economics. Greater scalability with reduced risks of high transaction costs would indeed let Ethereum sustain a better and more efficient environment for both users and developers.

      Advanced encryption technologies form a significant portion of Buterin’s vision. He believes that embedding advanced encryption techniques could boost Ethereum’s security and functionality, making it relevant in rapid technology changes.

      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.