Vitalik Buterin Announces 2024 Ethereum Update Roadmap

Having gone through a challenging development journey, Ethereum – one of the world's most popular blockchain platforms – is preparing for an important update cycle in 2024. Co-founder Vitalik Buterin shared the roadmap this with core priorities, giving an in-depth look at the future Ethereum ecosystem. After the successful The Merge event, bringing Ethereum from POS to POW marked an important step in the platform's huge development process.

This has helped the platform build a strong consensus community, creating a solid foundation for future development and expansion. Compared to the late 2022 version, the framework of the Ethereum development roadmap has not changed much, still including 6 concurrent development stages of ETH after The Merge event (integrating the Proof-of consensus mechanism). -Stake) The Surge: Target 100,000 transactions per second on Ethereum and Layer 2 networks Ethereum's incredibly ambitious goal is to achieve 100,000 transactions per second on its main platform and Layer 2 networks. This will create greater power and flexibility for transaction processing, making Ethereum the leading transaction processing blockchain platform in the world. The Scourge: Mitigate risks around MEV and pool liquidity With risk mitigation around MEV (Miner Extractable Value) and liquidity pooling, Ethereum aims to create a more transparent and secure trading environment. This will help users and dApps on Ethereum operate in a more trustworthy and fair environment. The Verge: Block verification is easier Easier block verification will help increase Ethereum's performance and reduce transaction verification time. This will greatly benefit both users and developers, creating a better user experience and making Ethereum a more flexible and efficient platform. The Purge: Simplifying the protocol Simplifying the protocol will help optimize the development process and improve the performance of Ethereum. This will help improve the viability and sustainability of the platform, creating favorable conditions for future development. The Splurge: Explosion Ethereum's ultimate priority is “Explosion”, creating flexibility for experimentation and deployment of new innovations on the platform. At the same time, Vitalik Buterin praised the progress made on L2 networks and with the implementation of Verkle trees, and confirmed single-slot finality (SSF) as “the easiest path to solving many weaknesses current Ethereum [Proof of Stake] design”. Scourge's priorities have been reoriented around combating economic centralization in Ethereum in two main “stages”: MEV and liquidity staking pooling. The development of the Ethereum Lido staking service has raised concerns around the loss of decentralization on Ethereum since the blockchain switched to a proof-of-stake [Proof of Stake] consensus mechanism. Overall, Ethereum's updated 2024 roadmap sets ambitious and important goals, while maintaining the core priorities from last year's outline. The future of Ethereum promises to be full of promise and potential, with continuous development and continuous improvement