After the success of Shapella, Vitalik Buterin announced the advent ofother projects that will complement The Merge. After a few months of behind-the-scenes work, the co-founder of one of the most popular blockchains in the world comes out a new roadmap in which he exhibits 3 major technical transitions. Details in this article.
Changes in sight at Ethereum
Concerned about the future of Ethereum, Vitalik Buterin recently warned against theexcessive use of layer 1. Now that the alert has been released to the masses, the strongman of the network has announced major technical changes via his blog.
” As Ethereum transitions from a young, experimental technology to a mature technology stack capable of bringing an open, global, permissionless experience to average users, there are three major technical transitions the stack must undergo, roughly simultaneously:
- the L2 scaling transition – everyone is moving to rollups;
- the transition to wallet security – everyone is moving to smart contract wallets;
- the transition to privacy protection – ensuring that privacy-preserving remittances are available and that all other gadgets being developed (social recovery, identity, reputation) preserve privacy. »
Layer 2 scaling
In particular, this would allow reduced transaction fees during bullish cycles, believes V. Buterin. We would like to point out that Ethereum is increasingly being snubbed by users for its astronomical gas fees.
” Without the first [mise à l’échelle L2]Ethereum fails because each transaction costs $3.75 ($82.48 if we have another hike), and every product aimed at the mass market inevitably forgets the chain and adopts centralized workarounds for everything “, he underlines.
Wallet security
With a very strong increase in attacks from cryptocurrency platforms, and recently from the Atomic wallet, security is becoming a priority for project developers like Buterin. So, in his opinion, Ethereum will have to design secure wallets in order to attract a large number of users.
The best alternative for Vitalik Buterin lies in the smart contract wallets. The latter would be able to take charge of complex functions such as social recuperation.
Privacy
Vitalik Buterin wants to make privacy the third necessary technical transition for Ethereum. So he proposed the implement stealth address protocols. This will allow more convenience to users.
Let’s not forget that Coinbase was worried by a complaint last May. It would come from a finding of violation of the laws on the protection of privacy on the part of a user.
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