Vitalik Buterin says Ethereum development is halfway through

Share This Post

Vitalik Buterin has guided his followers through the roadmap to guarantee Ethereum’s survival and success. One of the things that the Ethereum co-founder notes is that Ethereum needs to be accessible to more people.

Buterin gave the necessary steps needed by the Ethereum blockchain in the latest release of the Bankless podcast.

Ethereum’s roadmap to success

Buterin provided a five-part roadmap that will enable Ethereum to achieve success. The recent report by Buterin is a follow-up from an article he published in December 2021 titled “Endgame.”

The first step towards Ethereum’s success is the merge. This process t will allow the Ethereum network to switch fully from a proof-of-work consensus to a proof-of-stake consensus. This switch is expected to happen within the first half of 2022.

The other process is the surge, which seeks to bring scalability to the Ethereum network. The process will also deliver high bandwidth and throughput on zk-rollups. Buterin noted that the merge and the surge are the two most important upgrades on the Ethereum network.

Buterin further remarked on the journey that the Ethereum network had taken so far, stating, ”we are 50% on the way there.” Some of the developments the network has recorded include the London hard fork and Beacon Chain.

According to Buterin, once the merge and the surge are complete and full sharding is achieved, the process will be 80% complete. The entire roadmap is expected to take another six years to be finalized.

The other process involved the verge, and according to Buterin, the process will allow “democratizing access to the broadest number of participants possible to anyone and everyone who wants to verify the validity of the chain.” After the verge, the purge and splurge phases will follow.

Ethereum fighting to achieve scalability

Buterin admitted that Ethereum was still far from supporting mass adoption. He commended the development of layer-two solutions on the network, further noting that reduced transaction fees were needed on the blockchain.

He also noted that over the past year, layer two scaling solutions on Ethereum showed that the community was willing to fight for the network.

Buterin also added that Ethereum was focused on scalability, and once the platform increases the bandwidth and user base, “the more defenders will be able to run nodes and to verify that everything is okay.”

Your capital is at risk.

Read more:

Read Entire Article

Related Posts

Coinbase Launches Interlocutory Appeal In SEC Case – Details

Coinbase is seeking an interlocutory appeal in its ongoing court case with the US Securities and Exchange Commission (SEC) This petition marks the latest development in a highly-monitored lawsuit

Bitcoin ETF Issuers Push Holdings To 4.27% Of BTC Supply Amid Crash To $61,000

There’s no denying the launch of Spot Bitcoin ETFs has done wonders for the price of Bitcoin and other cryptocurrencies in general These ETFs have now unlocked institutional demand into the

USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up

The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines Data reveals that the token,

Crypto Advocates Weigh in on Bitcoin’s Sudden Drop Amid Middle East Tensions

On April 13, Iran initiated a drone strike on Israel followed by reports that unmanned aerial vehicles (UAVs) were intercepted by Israeli, US, and other Western allied forces Concurrently, bitcoin

Hong Kong ETFs: Issuers Claim Mainland China Funds Cannot Invest In Crypto Products

Bitcoin and Ether spot exchange-traded funds (ETFs) are set to receive the final approvals in Hong Kong as early as Monday next week According to a recent Matrixport report, these investment products

“Smart Bouncers” and selective transparency: A preventative compromise to brash FinCEN proposal

To reveal or not to reveal That is starting to become the question when it comes to data on the blockchain Transparency and immutability might disable the control of data by large power structures,
- Advertisement -spot_img