Ethereum’s 2024 roadmap, recently shared by co-founder Vitalik Buterin, reveals a focused approach to enhancing the blockchain’s capabilities. This roadmap highlights six critical areas:
1. The Merge: Ethereum’s transition to a more energy-efficient Proof of Stake (PoS) consensus mechanism, a shift already realized in September 2022, marked a significant reduction in the network’s energy consumption. This step is crucial for maintaining a simple and robust PoS consensus system.
2. The Surge: Aiming for an ambitious target of 100,000 transactions per second, this part of the roadmap focuses on scaling Ethereum and its Layer 2 networks to support significantly higher transaction volumes.
3. The Scourge: This element deals with mitigating risks associated with Maximal Extractable Value (MEV) and liquid pooling, addressing some of the critical vulnerabilities in the network.
4. The Verge: Focused on easing block verification, this part aims to streamline the verification process for greater efficiency.
5. The Purge: Simplifying the Ethereum protocol is at the heart of ‘The Purge’, which is integral to making the network more user-friendly and less complex.
6. The Splurge: This final part encompasses all other aspects of the Ethereum network’s development not covered in the previous five components.
Buterin specifically emphasized the role of single-slot finality (SSF) in post-Merge PoS improvements, identifying it as a straightforward solution to many of Ethereum’s current PoS design weaknesses.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.