Almost 2 months after upgrading The Merge helps Ethereum Switching to Proof-of-Stake, founder Vitalik Buterin has posted the latest updates on the development roadmap for the coin. cryptocurrency second largest in the world.
Previously, in the roadmap version published in July 2022, Vitalik proposed 4 next development stages for Ethereum after The Merge, including: The Surge, The Verge, The Purge and The Splurge.
The development focus for each stage is as follows:
– The Surge: add Sharding scaling technology and reduce fees on Layer 2. This change is aimed at general users on Ethereum.
– The Verge: build a merkle tree to minimize the amount of data that must be stored to be able to participate in transaction verification. This change targets Ethereum validators.
– The Purge: simplifies the technical aspect of Ethereum, eliminating unnecessary old historical data through the EIP-4444 upgrade. This change serves Ethereum developers.
– The Splurge: a series of upgrades to help Ethereum run smoothly after implementing the above stages.
Vitalik Buterin also noted then that all four stages will take place parallel to each other, not according to the level of time. The speed at which each phase is implemented will also depend on the development team in charge of the component upgrades within it.
However, according to the latest update, the Ethereum founder has announced the following changes.
Updated roadmap diagram! pic.twitter.com/MT9BKgYcJH— vitalik.eth (@VitalikButerin) November 4, 2022
– The Surge: remove the term “sharding” completely, replace it with EIP-4844 (Danksharding) upgrade, zk-EVM integration and rollups scaling solutions, aiming to increase transaction speed to 100,000 tps.
– The Verge: added verification through SNARK technology to make it easier for validators to process transactions.
– The Scourge (new addition): ensuring fairness in the validator's transaction selection, handling issues related to MEV.
– The Splurge: addition of EIP-1559 completion and other ancillary upgrades.
– Most of the first steps of each phase have already been implemented 50%.
As can be seen from the new updates, Ethereum has noticed the problem from MEV and has dedicated a phase to deal with it. Vitalik Buterin also made increasing transaction speed and reducing fees a top focus when adding a lot of new upgrades to The Surge section, as well as setting a goal of 100,000 tps. In addition, the entire development process is still closely monitored and expedited by the Ethereum management apparatus, making the community feel more secure about the project.
Earlier, as reported by Coin68, Ethereum developers started testing testnet for the Shanghai upgrade, which will unlock for the amount ETH giant has been locked for the Ethereum 2.0 upgrade of The Merge. Shanghai is expected to launch around September 2023.