Ethereum has released its roadmap for 2024, focusing on improvements in scalability, security and sustainability.
Ethereum co-founder Vitalik Buterin announced his plan on social networks on December 31, outlining several key initiatives for the development of the platform.
In 2022, Ethereum underwent a significant change known as a “merger”, moving from a proof-of-work (PoW) mechanism to a proof-of-stake (PoS) consensus mechanism. The transition is expected to reduce the platform’s energy consumption and lay the foundation for future improvements.
“The Surge,” a crucial part of Ethereum’s roadmap, aims to increase the network’s scalability through data sharing. By dividing the blockchain into smaller parts, Ethereum intends to strengthen its transaction processing capabilities and reduce costs, thereby solving one of the most pressing problems facing blockchain technologies today.
This development should bring Ethereum closer to its goal of processing over 100,000 transactions per second, as Buterin noted in recent statements.
Network Rationalization and Future Research
“The Scourge” and “The Verge” focus on improving network security and user experience, respectively.
Scourge is designed to address potential security vulnerabilities and improve network robustness, including challenges posed by miner extractable value (MEV) and liquidity pooling.
On the other hand, The Verge aims to streamline user experience and provide improved tools for developers, making Ethereum more accessible and efficient.
The roadmap also includes “The Purge” and “The Splurge.”
Purging involves removing obsolete code to improve network efficiency and security.
Meanwhile, The Splurge represents an investment in the future of Ethereum, exploring emerging technologies such as zero-knowledge proofs and rollups and fostering innovation within the Ethereum ecosystem.
Buterin emphasized the need for Ethereum to reconnect with its original cypherpunk vision, which prioritizes decentralized applications, privacy protection and peer-to-peer communication.
This includes the integration of rollups and zero-knowledge proofs to enable more private and censorship-resistant applications on the Ethereum network.
Ethereum’s roadmap for 2024 reflects a comprehensive strategy to address current challenges and capitalize on emerging opportunities in the blockchain space. With a focus on scalability, security, sustainability and staying true to its core principles, Ethereum is poised to strengthen its leading position in the digital currency ecosystem.