The post Vitalik Buterin Reveals New Ethereum Road Map appeared on BitcoinEthereumNews.com.

Ethereum creator Vitalik Buterin has unveiled an updated road map for the blockchain platform, focusing on long-term strategic upgrades. These updates are part of Ethereum’s ongoing effort to bolster network security and optimize its protocol for a more efficient system. Combating centralization in PoS In the realm of PoS, centralization can create vulnerabilities and unfair advantages, an issue Buterin is tackling head-on. The updated “The Scourge” phase targets MEV, which refers to the maximum value that miners can extract from block production beyond the standard block rewards and gas fees. This practice can lead to centralization as it favors larger players with more resources. Buterin’s strategy involves exploring new MEV mechanics and distributing blocks to mitigate these risks. Additionally, the road map addresses stake pooling issues by considering revised staking economics and validator experience improvements, which could lead to a more decentralized and secure network. Innovations in data storage and efficiency Progress in the “The Verge” phase signifies a significant step toward integrating Verkle trees, a data structure that promises to optimize storage and increase transaction efficiency on the Ethereum network. This move aligns with the broader goal of scalability and performance enhancement. Furthermore, the plan reflects a community consensus to deprioritize “state expiry,” recognizing the potential of stateless clients and other innovations to manage blockchain state more effectively. These developments represent a deliberate and methodical approach to Ethereum’s evolution, with an emphasis on timely and incremental improvements rather than waiting for large-scale overhauls. Source: https://u.today/vitalik-buterin-reveals-new-ethereum-road-map

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Filed under: News - @ December 31, 2023 9:20 am