Vitalik Buterin Announces Massive Ethereum Change

03/29/2024 15:56
Vitalik Buterin Announces Massive Ethereum Change

Vitalik Buterin believes Ethereum security rollups is one of main priorities of Ethereum's future

Vitalik Buterin Announces Massive Ethereum Change

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Vitalik Buterin stresses the importance of advancing the security of rollups, a Layer 2 scaling solution designed to increase transaction throughput without harming decentralization of the network in general. Currently, many rollups are not fully guarded by code, with only a select few, like Arbitrum One, reaching what has been designated as "Stage 1" in their development — a level where they are robust enough to be deemed secure.

The call is to uplift the standards within the Ethereum community, especially concerning rollups. By the end of the year, Buterin suggests that the term "rollup" should only apply to those projects that have at least attained Stage 1 status. Progressing to Stage 2, which implies complete reliance on code for security, is seen as the crucial next step, though it must be approached with caution.

ETHUSD
ETH/USD Chart by TradingView

Buterin proposes that after the merge and the implementation of EIP-4844, Ethereum should be placed at the positive side of the S-curve. This S-curve represents the evolution of the system's capabilities of Ethereum overtime. The phase Ethereum is entering is one of rapid change where foundational improvements to Layer 1 (L1) will continue to be significant but will also be more accessible for users and developers.

For application developers, this means shifting from creating prototypes to user-ready tools.

Buterin's vision for Ethereum is clear: continue to scale the network, with security enhancements running quietly but vitally in the background, and empower developers to build applications that millions can reliably use. As the ecosystem matures, redefining what it means to be a "rollup" is a key step toward ensuring the integrity and longevity of Ethereum's infrastructure.

Read more --->