Ethereum

random

2024

Read

<div class="cryptonews">
 <p class="is-style-lead">Ethereum co-founder Vitalik Buterin has released an updated roadmap for the network’s plans in 2024.</p>
 <p>Buterin shared the roadmap on Dec. 30 in a series of posts on X, where he confirmed it will only include minor changes from the previous year.</p>
 <p>The six main <a rel="noopener noreferrer nofollow" title="focuses" href="https://thebittimes.com/tag/focuses.html">focuses</a> for Ethereum (ETH) in 2024, as outlined by Buterin, include the merge, the Surge, the Scourge, the Verge, the Purge, and the Splurge.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">By popular demand, an updated roadmap diagram for 2023! pic.twitter.com/oxo58A2KuG</p>— vitalik.eth (@VitalikButerin) December 30, 2023
   </blockquote>
  </div>
 </figure>
 <p>The Merge, a major element of the roadmap, aims to maintain a straightforward and robust proof-of-stake (PoS) consensus. This element was highlighted in 2022 when it led to the integration of the Ethereum mainnet and the Beacon Chain proof-of-stake blockchain.</p>
 <p>Following this integration, Ethereum transitioned from a power-intensive proof-of-work (PoW) consensus mechanism to PoS, significantly reducing the network’s overall energy consumption.</p>
 <p>The roadmap also highlighted Ethereum’s <a rel="noopener noreferrer nofollow" title="focus" href="https://thebittimes.com/tag/focus.html">focus</a> on single-slot finality (SSF), a concept designed to ensure that changes to blocks on a blockchain cannot be reversed without burning at least 33% of the total staked ETH.</p>
 <p>Buterin also detailed how the Scourge priority would become more <a rel="noopener noreferrer nofollow" title="focus" href="https://thebittimes.com/tag/focus.html">focus</a>ed on combating economic centralization in Ethereum, particularly regarding MEV and liquid stake pooling.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Vitalik Buterin pitches 3 pathways to simplify Ethereum’s PoS model
 </div>
 <h2 class="wp-block-heading" id="strong-buterin-to-make-eth-cypherpunk-again-strong"><strong>Buterin to make ETH cypherpunk again</strong></h2>
 <p>Recently, as reported by crypto.news, Buterin shared plans to reincorporate the original principles of the “cypherpunk” revolution into blockchain.&nbsp;</p>
 <p>The Ethereum CEO originally envisioned the network as a universally accessible, decentralized hard drive utilizing peer-to-peer communication and file storage. However, starting in 2017, Ethereum’s <a rel="noopener noreferrer nofollow" title="focus" href="https://thebittimes.com/tag/focus.html">focus</a> began to shift toward financial applications, according to Buterin.</p>
 <p>In the future, he hopes to revive the quintessential “cypherpunk” ideals, such as decentralization, open participation, resistance to censorship, and trustworthiness.</p>
 <p>Buterin also noted that recent advancements like rollups, zero-knowledge proofs, account abstraction, and second-generation privacy solutions align well with Ethereum’s original values.</p>
 <p>Despite minor setbacks and challenges, his updated 2024 vision for Ethereum points towards an optimistic future, with analysts like Raoul Pal forecasting a potential price rise for ETH of up to $5,300.</p>
 <h2 class="wp-block-heading" id="strong-eth-price-to-blow-in-2024-strong"><strong>ETH price to blow in 2024?</strong></h2>
 <p>From Pal’s perspective, Ethereum’s price is poised for a significant uptrend. It isn’t a random prediction—Pal has grounded it in the liquidity indicator, a key tool that analysts leverage to forecast the potential price shifts of assets.&nbsp;</p>
 <p>While the Real Vision co-founder injected a note of caution, reminding crypto investors that his forecasts aren’t guaranteed, he exhibited an undeniable bullish outlook for Ethereum.</p>
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
  <div class="wp-block-embed__wrapper"><iframe title="2023 Masterclass: Crypto, Macro, and Tech" width="1020" height="574" src="https://www.youtube.com/embed/uHLa_CLvE_8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
  </div>
 </figure>
 <p>Pal further pointed out the potential impact of exchange-traded funds (ETFs) on Ethereum’s progress. He postulated that the introduction of a Bitcoin spot ETF could set the stage for an Ethereum ETF, revitalizing the Ethereum ecosystem in the process.</p>
 <p>Pal’s outlook was shared by analysts at CryptosRUs, who predicted a surge in ETH’s growth starting in Q1 2024.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Over the past few weeks, we have seen rotations of capital through several crypto ecosystems, including #CosmosEcosystem , #Solana, #Injective, #BRC20s, and #Avalanche.<br><br>In today's #<a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, I am going to explain why I believe Ethereum will be the next ecosystem to see explosive… pic.twitter.com/XdFxqzkbUP</p>— CryptosRUs Analysis (@CRUAnalysis) December 26, 2023
   </blockquote>
  </div>
 </figure>
 <p>According to the analysts, ETH’s upward trajectory will be fueled by factors such as positive market sentiment, the seasonality of ETH and Bitcoin (BTC), and the forthcoming Dencun upgrade.</p>
 <p>In November, IntoTheBlock reported that over 75% of Ethereum addresses were profitable at a time when ETH was priced at $2,200. The market intelligence platform also stated that only about 22.5% of Ethereum addresses experienced unrealized losses, with close to 1.17% at the break-even point.</p>
 <p>Ethereum’s network activity also saw significant rises, with the number of new addresses on the network spiking by about 17.5% and active addresses seeing a boost of roughly 23%.</p>
 <p>Furthermore, Ethereum addresses without ETH balances also surged by around 74%, while the number of Ethereum addresses with ETH balances is on a steadily ascending trajectory.</p>
 <p>Over the past 30 days, the average count of Ethereum addresses was approximately 102.72 million—more than double the number for Bitcoin.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Vitalik Buterin’s new proposal would cut Ethereum’s security
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/vitalik-buterin-reveals-6-main-focuses-for-ethereum-in-2024-tbt75248.html">https://thebittimes.com/vitalik-buterin-reveals-6-main-focuses-for-ethereum-in-2024-tbt75248.html</a></p>

Vitalik Buterin reveals 6 main focuses for Ethereum in 2024

Table of Contents

TheBitTimes

Other articles published on Dec 31, 2023

What is Synthetix’s Impact and Potential in the Burgeoning World of DeFi?

ChatGPT predicts a 25x surge in the price of ADA in 2024

KLAY Crypto: The Bulls Are Resting on a Major Support Level

Bitcoin (BTC) Price Analysis: Bitcoin Scores 156%+ Gain In 2023 – 1 January 2024

Unveiling the AI Advancements Fueling Warren Buffett’s Favorite AI Stock

Vitalik Buterin Reveals New Ethereum Road Map

Join our free newsletter for daily crypto updates!