V God said when talking about the development of Ethereum: "We have gone 50% of the way"

On the latest Bankless podcast, Vitalik Buterin introduced listeners to a five-part roadmap in which he outlines the necessary steps for Ethereum to survive and thrive.

To achieve ultimate scalability and decentralization, Butalik claimed that ethereum needs to become more agile and lightweight in terms of blockchain data so that more people can manage and use it.

In early December, Buterin also published an article titled "Endgame" (the final stage), in which he put forward the view that all blockchains will eventually merge in the future, and at the same time listed the ways to allow block verification to go Tools that happen in a centralized and censorship-resistant manner.

The first step, dubbed The Merge, refers to the full transition from proof-of-work to proof-of-stake, and will take place in the first half of 2022. The second part, called The Surge, plans to improve the scalability of Ethereum, greatly improving bandwidth and throughput, especially on zk-rollup. Mergers and surges are the most important upgrades in building the ethereum network, Buterin said.

When asked to assess the progress Ethereum has made over the past six years, Buterin claimed, "We're 50 percent of the way there," thanks to the launch of the beacon chain, the London hard fork, and even the release of NFTs. Rise. But there is still a long way to go.

Once the merge and surge is complete, with a full sharding implementation, it should be 80% complete. The roadmap, which is expected to take another six years to complete, will achieve 100 percent optimization, according to Buterin.

The next phases include The Verge, enabling more users to run nodes, essentially “democratizing access to as many participants as possible for anyone and everyone who wants to verify the validity of the chain,” Buterin said. explain. After The Verg are The Purge and The Splurge phases, which refer to removing historical data and adding miscellaneous upgrades, respectively.

Buterin summarized his ideal scenario for Eth2 without sacrificing decentralization for scalability:

"Let the past be the past and create an Ethereum that actually gets easier over time."

Buterin acknowledged that ethereum is “not yet a layer-1 system ready for immediate mass adoption,” while reiterating the need for layer-2 scaling solutions and lower transaction fees. However, he also noted the "amazing" progress Ethereum has made in layer-two scaling over the past year, and the community behind it "willing to keep fighting for it."

Besides scalability, another topic Buterin highlighted was security and safeguards around upgrades. He likens blockchain construction to the development of a city. Just like the police and military defend their cities or countries, blockchain users act as security guards watching out for attackers. As cities expand or blocks are added to the chain, more security is required.

Ethereum currently operates at about 2.6 megabytes of blockchain data per second, Buterin said. He claimed that once ethereum has the ability to add more bandwidth and a user base, "there will be more defenders who will be able to run nodes and verify that everything is working."

Ethereum is the world's second-largest cryptocurrency by market capitalization, with a market capitalization of $454 billion at the time of writing, making its journey to completion high-risk. Below is a copy of the roadmap that Buterin tweeted last month.

Happy Birthday, Beacon Chain!

Here's an updated roadmap of how the Ethereum protocol has evolved, and in what order things will come next.

(I'm sure this misses a lot, like all diagrams, but it covers a lot of important stuff!)

— vitalik.eth (@VitalikButerin) December 2, 2021

Cointelegraph Chinese is a blockchain news information platform, and the information provided only represents the author's personal opinion, has nothing to do with the position of the Cointelegraph Chinese platform, and does not constitute any investment and financial advice. Readers are requested to establish correct currency concepts and investment concepts, and earnestly raise risk awareness.