Speaking in Shanghai, Ethereum founder Vitalik Buterin shared four key goals for the network’s coming years. These milestones are not only intended to improve the scalability of Ethereum, but also to increase its security and accessibility. What are these four crucial goals?
Increase scalability with Layer-2 solutions
The first goal is to increase Ethereum’s transaction speed to more than 100,000 transactions per second. Buterin wants to achieve this via Layer-2 networks. Ethereum currently suffers from scalability issues, such as high transaction fees and slow processing speeds. Layer-2 solutions promise to solve these problems by enabling faster and cheaper transactions, keeping Ethereum attractive to developers and users alike.
Faster and easier cross-chain transactions
The second goal focuses on improving the speed of cross-chain transactions. Buterin wants crypto transfers between different blockchains to take place within two seconds. This would represent a significant improvement compared to the current situation, where such transactions are often complex and time-consuming. The ultimate goal is a seamless, easy-to-use multi-chain experience.
Improving ease of use and security
In addition, Buterin emphasized on improving the user experience within the Ethereum ecosystem, especially in terms of security and simplicity. Although much progress has been made, he still sees room for improvement.
A new standard, the ERC-7683 protocol, should help to better connect different blockchains within the Ethereum network. This will not only improve security, but also significantly increase accessibility and ease of use for both developers and end users.
Strengthening cross-chain security
Finally, an important goal lies in strengthening security between different blockchains. The Ethereum Virtual Machine (EVM) plays a central role in this. As more and more decentralized applications (dApps) and protocols become dependent on multiple blockchains, robust cross-chain security becomes crucial. Without this strengthened security, Ethereum remains vulnerable to attacks that could undermine the integrity of the network.
Although the crypto sector is still relatively young, Ethereum, as one of the oldest projects, remains a dynamic platform with room for innovation and improvement. Buterin’s vision shows that there is still a lot of potential for growth, and the four goals set represent a crucial step towards a stronger, more scalable future for Ethereum.
Source: https://newsbit.nl/vitalik-buterin-onthult-vier-essentiele-doelen-voor-ethereums-toekomst/
