Speaking of the transformation of Ethereum, Vitalik said, "We have reached 50%."

Cointelegraph中文 view 29046 2022-1-5 10:58

In his latest Bankless podcast, Vitalik Buterin presents his audience with five ways and explains the steps necessary for Ethereum to survive and thrive.

Butalik argues that to achieve ultimate scalability and decentralization, Ethereum must speed up and streamline the data blockchain so that more people can manage and use it.

Buterin also published an article in early December titled "Endgame," which made it seem like all blockchains would end up being assembled in the future, and still broadcast on how to block ID. A tool that performs in the medium and resistant to censorship.

The first stage is called Consolidation, which describes the full transition from Proof of Operation to Fairness Proof, and the need for the first half of 2022. The second, called The Surge, is aimed at improving Ethereum's performance, increasing bandwidth and beyond, especially in zk-rollup. Buterin said mergers and acquisitions are the most important changes in the Ethereum network.

When asked to assess the progress Ethereum has made over the past year, Buterin said "we're 50% of the way" thanks to the chain's tag announcement, London Hard Curve and NFT Rise. But there is still a long way to go.

Once onboarding and elevation is complete, total sharding usage is complete and should be 80% complete. According to Buterin, the process will take another year and will be 100% effective.

Next steps will include The Verge, which will allow more users to run the node, essentially "freely accessing as many participants as possible from each node." After Verg are the Purge and Insanity stages respectively, which represent the removal of historical data and the addition of other changes.

Buterin outlined the best plans for Eth2 without compromising the cast to reach potential.

"Let the past end and make Ethereum easier and more convenient in no time."

Buterin reiterated the need for a second solution and lower costs, while acknowledging that Ethereum "has not been the primary basis that can be drawn directly from the measure." But he also noted the "necessary" upgrade of Ethereum to its second measurement level last year, and the community "must fight" behind it.

Besides capacity building, another important theme of Buterin concerns safety and security measures related to upgrades. He compares the construction of the blockchain to the development of a city. Much like the police and military defending a city or country, blockchain users are tasked with monitoring protesters. As the city expands or blocks more on the chain, more security is needed.

Buterin said Ethereum now runs around 2.6MB of blockchain data per second. It has been argued that, because Ethereum can add more bandwidth and user base, "more protectors will be able to run the nodes and make sure everything is working properly."

Ethereum is the world's second largest cryptocurrency by market cap, with a market cap of $ 454 billion at the time of writing, it risks breaking the bank. Here's how Buterin posted on Twitter last month.