During the EthCC in Paris on Thursday, the network’s co-founder discussed his future roadmap for Ethereum. A conference dedicated to Merge, but not only!
The impact of the merger on Ethereum
Ethereum co-founder Vitalik Buterin talked about it long-term future of the network to attendees at the annual Ethereum Community Conference (EthCC) in Paris on Thursday.
At this developer conference Buterin talked about the upcoming mergerwhile Ethereum will make a full transition from Proof-of-Work for Proof-of-Stake. Speaking of the short- and long-term results of this huge change, Vitalik Buterin said: “After the merger, you will be able to create an Ethereum client without even knowing that the proof-of-work phase has taken place.”.
He also said the network’s roadmap includes “Surge, which will increase rollup scalability through sharding.. It is a technological solution used in many blockchains such as Next protocol name only one, allowed significantly increase the number of transactions per second.
Vitalik Buterin said:
By the end of this roadmap, Ethereum will be a much more scalable system. Ethereum will be able to process 100,000 transactions per second.
Many changes in the Ethereum network
Buterin pointed out that major changes to the network will include:
- What monetary credit policy : Production increased from 5 million to 166 square kilometers (total deposits) per year.
- security model : Low subjectivity, DAS, access to l2 history, new encryption.
- The process of starting a transaction : EIP 1559, Account Abstraction, PBS.
Buterin noted that tracking these decentralized goals is difficult Network complexity and speed with which it develops. The price of Ether (ETH) has risen 34% in the past month and is hovering around $ 1,500 at the time of writing.
At last year’s EthCC, Buterin gave a speech “Things that matter outside of DeFi “ and said Ethereum needs to grow beyond DeFi. This Thursday appears to be the most anticipated day of the conference and many attendees say the last day of the conference was the best day ever. for the intervention of Vitalik Buterin.
So Ethereum is active decisive stage of its development and the entire cryptocurrency industry looks forward to the merger that is expected to take place in the coming weeks. The second largest market cap plays big and has no room for error.
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