Vitalik Buterin, one of Ethereum’s co-founders, has offered his analysis of the blockchain network’s future in a post-merge scenario. Buterin underlined in a thorough blog post various important areas where Ethereum may develop, particularly following its merger from proof-of-work to proof-of-stake (PoS) in 2022.
Among the main objectives Buterin noted is accelerating transaction times. A transaction takes around fifteen minutes now to complete, which can create network congestion and delays. To cut transaction delays considerably, he suggested single-slot finality. Adopting this will help Ethereum become even more competitive and give consumers a more seamless, quick experience.
Buterin also spoke about staking’s accessibility concerns. Users now require 32 Ether (ETH) to help to secure the network, which might be a significant obstacle for many. Buterin proposed reducing the stake threshold to 1 ETH, therefore facilitating the network’s security contribution and more people’s joining ability. This action would help Ethereum be increasingly decentralized, therefore lowering the possibility of centralized control.
Buterin underlined especially the need to strengthen Ethereum’s security. To make it more difficult for attackers to target the network, he said using a cryptographic method sometimes known as a single secret leader election. Buterin also advised the society to get ready for the possible difficulties presented by quantum computing, therefore endangering Ethereum’s future security.
These thoughts coincide with Ethereum getting ready for its next significant update, the Prague-Electra (Pectra), scheduled for release early 2025. Through an emphasis on speed, security, and inclusion, Buterin hopes to guarantee Ethereum’s ongoing relevance and expansion in the changing crypto scene.
