Ethereum

2024

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<ul>
 <li>Buterin lays out the six primary components that will continue to drive Ethereum in 2024.</li>
 <li>There are just a few small changes compared to the plan for 2023.</li>
</ul>
While acknowledging that there are only few modifications compared to last year, <a href="https://thenewscrypto.com/vitalik-buterin-unveils-plan-to-simplify-ethereums-pos-process/" target="_blank" rel="noopener noreferrer nofollow">Vitalik Buterin</a>, founder of Ethereum, has released the Ethereum roadmap until 2024. Buterin lays out the six primary components that will continue to drive <a href="https://thenewscrypto.com/ethereum-faces-brief-correction-after-recent-rally-above-2400/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> in 2024 in a series of posts on Twitter.
The six components—the merge, the surge, the scourge, the verge, the purge, and the splurge—were further discussed by Buterin in an extensive chart accompanied by commentaries and pictures. As the technological orientation of Ethereum becomes more apparent, he said that there are just a few small changes compared to the plan for 2023.
<h3 class="wp-block-heading" id="h-reviving-cypherpunk">Reviving Cypherpunk</h3>
Aiming to maintain a straightforward and robust proof-of-stake (<a href="https://www.investopedia.com/terms/p/proof-stake-pos.asp" target="_blank" rel="noopener noreferrer nofollow">PoS</a>) consensus, the Merge was emphasized as an important part of the roadmap. The Merge occurred in September 2022 and combined the Ethereum mainnet with the Beacon Chain, a proof-of-stake blockchain.
One notable change on Ethereum after the merging was the adoption of proof-of-stake (PoS) consensus instead of the older, more power-hungry proof-of-work (<a href="https://www.investopedia.com/terms/p/proof-work.asp#:~:text=Proof%20of%20work%20(PoW)%20is,a%20reward%20for%20work%20done." target="_blank" rel="noopener noreferrer nofollow">PoW</a>) method. This change significantly reduced the network’s total energy usage.
He went on to mention how Ethereum’s single slot finality (SSF) has progressed. Without depleting at least 33 percent of the total ETH staked, finality seeks to guarantee that modifications to a blockchain block are irreversible.
As reported earlier, Buterin is determined to revive the blockchain’s initial “cypherpunk” movement. Buterin wrote on his blog about how the original idea for Ethereum was a “public decentralized shared hard drive” that could use decentralized file storage and peer-to-peer communications. The shift toward financialization on Ethereum, however, began to cloud the picture in 2017.
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Vitalik Buterin Unveils 2024 Ethereum Roadmap

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TheNewsCrypto

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