Ethereum

Bitcoin

Bold

<p>Vitalik Buterin, co-founder of Ethereum, has just unveiled innovative proposals aimed at significantly reducing transaction confirmation times on the network. These innovations could transform the user experience and strengthen Ethereum’s position in the crypto ecosystem.</p>
<h2 id="h-ethereum-in-search-of-speed-to-dominate-the-crypto-market">Ethereum in search of speed to dominate the crypto market</h2>
<p>Although Ethereum has made notable advances in recent years, the network still struggles to match the speed of newer blockchains.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>With a block time of about 12 seconds, Ethereum lags behind competitors like <a href="https://www.cointribune.com/en/crypto-solana-jumps-8-7-following-vaneck-announcement/" target="_blank" rel="noopener noreferrer nofollow">Solana</a>, capable of generating blocks in 0.4 seconds. This limitation hinders Ethereum’s adoption for certain applications requiring minimal latency.</p>
<p>To address this challenge, Buterin <a href="https://crypto.news/ethereums-buterin-outlines-ways-to-enhance-transaction-speed/" target="_blank" rel="noopener noreferrer nofollow">proposes</a> several technical innovations. The most ambitious of which is the “single-slot finality (SSF)” or “finality in a single slot”, which would radically simplify the network’s architecture.</p>
<blockquote class="wp-block-quote">
 <p>“<em>The main challenge of SSF is that, naively, it seems to imply that each participant of Ethereum would have to publish two messages every 12 seconds, which would be a significant load to manage for the chain.</em>” Vitalik&nbsp;</p>
</blockquote>
<p>This approach would eliminate the current system of epochs and slots, which is considered too complex. However, its implementation raises questions about the load supported by the <a href="https://www.cointribune.com/blockchain-ethereum-fonctionnement-histoire-et-specificites/" target="_blank" rel="noopener noreferrer nofollow">blockchain</a>.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-a-delicate-balance-between-speed-and-decentralization">A delicate balance between speed and decentralization</h2>
<p>Another promising path involves “based pre-confirmations”. This mechanism would allow users to pay additional fees in exchange for a guaranteed inclusion of their transaction in the next block. Compatible with layer 2 solutions, it would offer an almost instantaneous experience for demanding applications.</p>
<p>While speed is crucial, Buterin insists on the importance of not compromising Ethereum’s fundamentals. Decentralization and security remain absolute priorities.</p>
<p>Ethereum’s current block time already represents a significant improvement over Bitcoin (10 minutes). Nevertheless, Buterin believes that some applications require latencies on the order of “hundreds of milliseconds, or even less”.</p>
<p>The challenge is therefore to find the right balance between performance and network integrity. Buterin’s proposals aim to push the limits while preserving the very essence of Ethereum.</p>
<p>In short, the forward-thinking ideas of <a href="https://www.cointribune.com/en/vitalik-buterin-defends-the-persistent-idealism-of-the-crypto-industry/" target="_blank" rel="noopener noreferrer nofollow">Vitalik Buterin</a> could redefine the standards of the crypto industry. If they come to fruition, these innovations would allow Ethereum to consolidate its leadership position while paving the way for new revolutionary applications in the blockchain universe.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>

Crypto: Vitalik Buterin, His Bold Strategy Unveiled!

Spis treści

Cointribune EN

Inne artykuły opublikowane 1 lip 2024

Chinese AI startups relocate to Singapore for growth

TON and Uquid Collaborate to Allow Social Security Payments in USDT Within the Philippines

Dogwifhat (WIF) leads meme coin rally with 19% surge

Bitcoin Climbs; Altcoins Show Strength

7 Simple Ways To Make Money From Home In 2024 (Passive Income)

Solana Bulls Eye $150, What’s Next For The Asset?

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!