Vitalik Buterin, the co-founder of Ethereum, published an article today to explore the future development of Ethereum after the merger. In the article, he focused on the improvement of the Proof of Stake (PoS) mechanism, emphasizing that faster transaction speeds and higher security should be achieved , and the staking threshold should be lowered to 1 ETH to make staking more democratic. (Preliminary summary: Buterin sold multiple meme coins and cashed out 908 ETH! All proceeds from 2.23 million magnesium were donated to charity) (Background supplement: Buterin sold 10 billion meme coins Moodeng: Thanks to Bouncing Pig for sending love , I donated it all to charity) Vitalik Buterin, co-founder of Ethereum, today released a new article titled "Future Development of the Ethereum Protocol, Part One: Merger" to explore how several Ethereums can make significant progress after the merger. Key areas include faster transaction speeds, improved security, and greater accessibility to individual stakers. Possible futures of the Ethereum protocol, part 1: the Mergehttps://t.co/JycODdM4wW — vitalik.eth (@VitalikButerin) October 14, 2024 Outlook after the merger of Ethereum Vitalik Buterin believes that the merger is the most important thing since the launch of Ethereum The long-awaited and hard-won event was the switch from (PoW) to Proof of Stake (PoS). Now Ethereum has been running stably as a Proof of Stake system for nearly 2 years, but there are still some important areas that need improvement. According to Vitalik Buterin, one of the main goals of Ethereum in the future is to shorten the time for transaction completion. Currently, it takes about 15 minutes for Ethereum to complete a transaction. This is a frustrating delay for Ethereum and may cause network congestion. . Vitalik Buterin suggested exploring solutions such as "single-slot termination", which could significantly reduce transaction times, make Ethereum more competitive, and improve the overall user experience. He has previously proposed single-slot termination. It means that Ethereum blocks currently require 64 to 95 time slots to be "finalized", but there is technology that can reduce the finalization time to a single time slot (about 16 seconds). Vitalik Buterin also explored the possibility of allowing more people to participate in Ethereum staking. He pointed out that the current pledge requirement of 32 ETH is too high for many individuals who want to participate in staking, and suggested that the minimum pledge amount be reduced to 1 ETH. ETH to allow more people to contribute to the security and governance of Ethereum. This will also help further decentralize Ethereum, reducing the risk of a single entity gaining too much control. To this end, Vitalik Buterin proposed three possible solutions, including improving the signature aggregation protocol, introducing the Orbit committee mechanism, and implementing a two-layer pledge system. These improvements can improve network efficiency, attract more independent verifiers, and balance the system. decentralization and security. On the other hand, Vitalik Buterin also emphasized that Ethereum can be protected from attacks by implementing encryption technology of "single secret leader election", which will make it more difficult for attackers to disrupt the Ethereum network. In addition, Vitalik Buterin suggested that the resistance of the Ethereum protocol to quantum computing threats should be explored, which may pose a major challenge in the future. Other areas that can be explored include raising the quorum threshold and strengthening the resilience to 51% attacks. The Pectra upgrade is expected to be online early next year. As Vitalik Buterin publishes this article, the Ethereum community is looking forward to the next milestone on its development roadmap, which is the Pectra upgrade expected to be online in the first quarter of 2025. Ethereum core developer It was confirmed last month that the Pectra upgrade would be split into two phases to ensure a smoother rollout and reduce the risk of errors or vulnerabilities in network operations. The first phase of the Pectra upgrade will cover eight Ethereum Improvement Proposals (EIPs), including EIP-7702, which aims to improve the wallet experience. The EIP-7702 proposal was conceived by Ethereum co-founder Vitalik Buterin in 22 minutes. Phase 2 is subject to change in the coming months, but currently is likely to cover the proposal EOF aimed at targeting Ethereum Virtual Machine (EVM) upgrades, as well as the introduction of a PeerDAS feature that improves data availability sampling that will ultimately benefit Layer 2 chain. Related reports Buterin has a rare proposal: the staking threshold may be lowered to 24~16 ETH, and bandwidth requirements are increased in exchange. Buterin teamed up with the giant whale to sell ETH! Ethereum gas fees soared, holding $2,600. Buterin admitted that Ethereum had "insufficient performance" and responded to the community: Consider reducing the interval between Layer1 blocks. "Buterin talks about the future of Ethereum's PoS! Lower the pledge threshold to "1 ETH" to create an efficient "Transactions and Security" This article was first published in BlockTempo (Dong District Dongzhu - the most influential blockchain news media).

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