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Vitalik Buterin reveals three new paths for the future of Ethereum
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Vitalik Buterin, co-founder of Ethereum, recently shared details about three important new directions for the development of the Ethereum network.
During a 2023 roadmap update, Buterin highlighted the importance of scalability and decentralization, with a focus on new solutions that aim to improve network efficiency and security. The proposed new strategies aim to strengthen Ethereum as the world’s leading blockchain.
The first path Buterin presented involves moving Ethereum to a cloud-centric approach. rollups. Those rollups divide tasks between the main Ethereum layer (Layer 1) and layer 2 solutions (Layer 2). In this way, they allow the network to continue processing an increasing number of transactions.
As Buterin highlighted, this change aligns with the objective of maintaining scalability without compromising the decentralization and security of the network. Through the implementation of rollupsEthereum can handle large volumes of data, which is crucial to meeting the growing demand for transactions on the blockchain.
Buterin proposes improvements for Ethereum
Buterin’s second focus is on interoperability and trust between different rollups. He explained that for Ethereum to remain a cohesive ecosystem, it is essential that rollups inherit the main characteristics of blockchain: being decentralized, resistant to censorship and completely open.
Furthermore, Buterin emphasized the need to improve the interaction between different layer 2 solutions so that Ethereum does not fragment into several isolated blockchains. Interoperability between layers will be crucial to ensuring Ethereum remains an integrated platform.
The third point highlighted by Buterin deals with resolving the “scalability trilemma”, which involves the balance between decentralization, scalability and security.
Buterin proposed the use of new technologies, such as the data availability sampling technique (Data Availability Sampling, or DAS), along with the use of SNARKs (Succinct Non-Interactive Arguments of Knowledge), an advanced form of cryptography that improves the data verification without compromising security.
With this, Ethereum will be able to maintain its efficiency when handling large volumes of transactions. At the same time, it can ensure the integrity and trust in your network.
These changes are part of a long-term vision for Ethereum, which seeks to become even more efficient and accessible. Scalability remains one of the biggest challenges for the network, especially with the rise in popularity of decentralized finance (DeFi) solutions and other blockchain-based applications.
Vitalik Buterin reveals three new paths for the future of Ethereum
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Vitalik Buterin reveals three new paths for the future of Ethereum
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Vitalik Buterin reveals three new paths for the future of Ethereum