Vitalik Buterin Reveals Ethereum’s Road Map For 2024
Ethereum founder Vitalik Buterin has shared the crypto project’s roadmap for 2024. In a series of posts on X on December 30, Buterin spoke extensively on Ethereum’s gameplan for the new year, which he claims is quite similar to the plan for 2023, albeit with a few changes.
Ethereum Roadmap 2024
According to information revealed by Buterin, the main focus of Ethereum for 2024 centers around six key goals, namely the Merge, the Surge, the Scourge, the Verge, the Purge, and the Splurge.
The Ethereum Merge aims to create an ideal, simple, robust, and decentralized proof-of-stake (PoS) network.
The Merge occurred in September 2022 with the integration of the Ethereum mainnet with the Beacon Chain, thus marking the end of the proof-of-work consensus algorithm. Speaking on post-Merge improvements in 2024, Buterin claimed that the single-slot finality (SSF) mechanism presented the easiest method of eliminating the current restrictions of Ethereum’s PoS design.
By popular demand, an updated roadmap diagram for 2023! pic.twitter.com/oxo58A2KuG
— vitalik.eth (@VitalikButerin) December 30, 2023
In regards to the Surge, Buterin stated that there will be notable advancements in rollup scaling with significant developments both on EIP 4844 and within various rollups. Additionally, there will be a focus on long-term improvement in cross-rollup standards and interoperability, all of which will drive Ethereum toward achieving the goal of processing over 100,000 transactions per second.
The Ethereum co-founder also highlighted that the Scourge target has been re-oriented to tackling economic centralization in two key areas namely MEV and liquid staking/pooling. In addition, Buterin stated that there will be significant progress in achieving the Verge with the incoming introduction of verkle trees, which will contribute to the easy verification of blocks in the Ethereum network.
Buterin Faces Allegations From Former Ethereum Foundation Advisor
In other news, Buterin has been accused of “defrauding the world” by former Ethereum Foundation adviser Steven Nerayoff. This statement came in response to Buterin’s concerns about the perversion of the original vision of Web 3.
In a blog post on Dec 28, the Ethereum founder shared that the blockchain project was initially designed to function as a decentralized, shared hard drive. However, users have since diverted from the vision with a focus more on the financial applications of Ethereum.
Nerayoff countered Buterin’s claims, stating that the Ethereum’s co-founder, along with “his cabal,” are responsible for the perversion of the “Web 3 vision,” which they used to “defraud the world.” So far, there has been no response to these accusations.
At the time of writing, Ethereum trades at $2,285.41 with a 0.81 decline in the last day. Meanwhile, the token’s daily trading volume is down by 36.68% and valued at $6.84 billion.
ETH trading at $2,285.41 on the daily chart | Source: ETHUSDT chart on Tradingview.com
Featured image from Forbes, chart from Tradingview
