Ethereum’s 2024 roadmap, which includes projects like “The Surge,” which aims for 100,000 TPS, describes a fast-paced, safe, and sustainable future.
Ethereum has unveiled its 2024 roadmap with an emphasis on enhancing sustainability, security, and scalability. Ethereum co-founder Vitalik Buterin shared the roadmap on social media, highlighting several important steps for the platform’s advancement.
In 2022, Ethereum experienced a momentous shift dubbed “The Merge,” when the proof-of-work (PoW) consensus method was replaced with a proof-of-stake (PoS) system.
The change is anticipated to lower the platform’s energy usage and set the stage for upcoming improvements. One of the main features of Ethereum’s roadmap, “The Surge,” is designed to share data in order to boost network scalability.
One of the most important problems facing blockchain technologies today is Ethereum’s plan to improve transaction processing speed and lower costs by segmenting the blockchain.
According to Buterin’s previous remarks, this breakthrough could help Ethereum achieve its objective of processing more than 100,000 transactions per second.
Streamlining networks and upcoming research “The Verge” and “The Scourge” concentrate on improving user experience and network security, respectively.
The purpose of the Scourge is to address possible security flaws and strengthen the network’s resilience, addressing issues with liquidity pooling and Miner Extractable Value (MEV).
Conversely, the Verge wants to make Ethereum more approachable and effective by streamlining user experiences and offering better tools for developers.
The roadmap also includes ‘The Purge’ and ‘The Splurge.’The Purge is the process of removing obsolete code to increase network security and efficiency.
In the meantime, The Splurge is an investment in Ethereum’s future, investigating cutting-edge technologies like rollups and zero-knowledge proofs while encouraging creativity inside the Ethereum network.
Buterin has underlined the necessity for Ethereum to get back in touch with its original cypherpunk vision, which emphasizes peer-to-peer communication, privacy protection, and decentralized applications.
Enabling more private and censorship-resistant applications on the Ethereum network involves combining rollups and zero-knowledge proofs.
Ethereum has outlined a thorough plan in its 2024 roadmap to address present issues and take advantage of new opportunities in the blockchain space.
Focusing on sustainability, security, scalability, and adhering to its core values, Ethereum is well-positioned to solidify its leadership role in the digital currency market.