Vitalik Buterin Announces an Updated Ethereum Roadmap

  • Ethereum co-founder Vitalik Buterin releases an updated Ethereum roadmap. 

  • Buterin intends to make several changes to the post-Merge Ethereum to address issues such as censorship, block verification, and centralization.

05 Nov 2022 By: Simran Mishra
Vitalik Buterin Anno

Vitalik Buterin, co-founder of Ethereum, released an updated Ethereum roadmap on Saturday (Nov 5). Following the successful completion of the Merge, the following phases are Surge, Scourge, Verge, Purge, and Splurge.

Among the significant changes include: The Verge is about "verification," not simply "verkle trees"; the endgame will be a completely SNARKed Ethereum; the new phase "The Scourge," which provides reliable and fair credibly neutral transaction inclusion and solves MEV concerns; and a single slot finality as the stage 2 Merge milestone.

ETH Co-Founder Releases Updated ETH Roadmap

On November 5, Ethereum co-founder Vitalik Buterin announced an updated Ethereum roadmap in a series of tweets. The Ethereum roadmap, in particular, now includes a new phase termed "The Scourge," which focuses on assuring reliable and fair credibly neutral transaction inclusion. It also aims to address the issues of centralization and censorship that arose during the Merge by switching to proof-of-stake.

The Verge will introduce "verkle trees," which contain more data in a smaller proof, allowing for smaller node size. The phase now includes "verification" to make confirming blocks with SNARKs incredibly simple.

Furthermore, each category has its own set of milestones. The role of quantum proofs will be more evident as a necessary aspect of the "endgame."

After 51% of Ethereum blocks meet OFAC standards, growing censorship has become a major problem. As per reports, the minting of OFAC-compliant blocks has reached 73% in the last 24 hours.

Vitalik Buterin's "The Scourge" phase aims to address MEV concerns. Buterin has even proposed "partial block auctions" to alleviate Ethereum censorship. He believes that "partial block auctions" can decentralize block manufacturing, limiting builders' influence. Furthermore, using a non-censoring MEV-Boost relay will ensure Ethereum's neutrality.

ETH Price Rise above $1600

The price of Ethereum increased yesterday after the United States reported October job data. The unemployment rate rose to 3.7%, compared to the projected 3.6%.

At the time of writing, the Ethereum price is trading at $1638, up more than 4.5% in the last 24 hours. Ethereum's 24-hour low and high are $1,569 and $1,661, respectively. Meanwhile, the price of Bitcoin has recovered dramatically, reaching a high of $21,446.

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