Vitalik Buterin Reveals Ethereum Plan for 2024
01 Jan, 2024 ● Crypto people
The Ethereum roadmap for 2024 was released by co-founder Vitalik Buterin, who acknowledged that there haven't been many changes from the previous year.
Buterin stated that the six primary components of Ethereum will remain the focus of the platform in 2024 in a series of posts on X, the former Twitter.
Furthermore, Buterin expanded on these six elements—the Merge, the Surge, the Scourge, the Verge, the Purge, and the Splurge—in a comprehensive chart complete with annotations and diagrams.
He noted that, in comparison to the roadmap for 2023, there are only a few small changes as Ethereum's technical direction becomes more apparent:
“As Ethereum’s technical path forward continues to solidify, there are relatively few changes.”
The roadmap emphasized The Merge as a crucial component with the goal of preserving a straightforward and durable proof-of-stake (PoS) consensus.
The proof-of-stake blockchain Beacon Chain and the Ethereum mainnet were combined during the Merge in September 2022.
The biggest development on Ethereum after the merge was the switch from a proof-of-work (PoW) consensus mechanism that consumed a lot of power to proof-of-stake (PoS), which significantly reduced the network's overall energy consumption.
He also mentioned the advancements in the single-slot finality (SSF) of Ethereum. By ensuring that modifications to a blockchain block are irreversible, finality seeks to prevent at least 33% of the total Ether staked from being burned.
“The role of single slot finality (SSF) in post-Merge PoS improvement is solidifying. It’s becoming clear that SSF is the easiest path to resolving a lot of the Ethereum PoS design’s current weaknesses.”
Sources:
https://cointelegraph.com/news/vitalik-buterin-ethereum-roadmap-2024
