Blog

Ethereum co-founder Vitalik Buterin has outlined an bold set of proposals for the Ethereum community, specializing in addressing essential points similar to staking centralization, scalability, and enhancing safety. During an interview with the NFT platform Defiant in Turkey, Buterin highlighted the necessity for an overhaul of Ethereum’s staking mechanism to enhance decentralization.

“We need to foster healthier staking pools,” he emphasised, including that one of many greatest modifications “is the realization that there needs to something done about staking centralization, the status quo of the different pools […] is not very healthy, and I think there is a big opportunity to do some redesigns in the staking system to alleviate some of these issues.”

Major Changes For Ethereum

Buterin additionally mentioned the upcoming EIP-4844 improve, referred to as Danksharding. “This upgrade will increase the data map space to 16 Megabytes per slot,” he defined, stressing its significance for bettering Ethereum’s scalability and effectivity.

He additionally acknowledged:

In common on scaling I really feel just like the pendulum has barely moved again to off-chain knowledge stuff as a result of […] the extent of safety you may get with off-chain stuff. The Plasma concepts that I talked about just a few days in the past are instance. Also, [we are] nonetheless shifting ahead on Merkle tree, SNARKs, all of the EVM enchancment issues. […] But nothing new on the performance facet.

Additionally, he proposed a voting system for future community modifications, aiming to democratize the method and probably eradicate the necessity for exhausting forks. Buterin additionally delved into superior ideas like personal mempools, ERC-4337, code pre-compilation, and Zero-Knowledge Ethereum Virtual Machines (ZK-EVMs). He underscored the significance of those options in enhancing community efficiency and consumer safety.

Additionally, he advocated for decreasing dependence on centralized servers, selling software program developments just like the Portal Network and Helios for a extra decentralized peer-to-peer community. “Our aim is to empower users to independently verify data, moving away from reliance on centralized nodes,” he mentioned.

Buterin Is Optimistic

Revisiting the idea of Plasma, a scaling answer co-invented with Joseph Poon, Buterin famous its enhanced compatibility with advanced methods as a result of integration of Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (ZK-SNARKs).

Overall, Buterin concluded with an optimistic outlook, celebrating Ethereum’s profitable transition to proof-of-stake and highlighting progress in scalability options and safety developments. The proposed modifications are anticipated to make Ethereum extra scalable, safe, and environment friendly, probably reducing obstacles for brand new customers and builders, and fostering a extra inclusive and strong ecosystem.

He acknowledged, “I am excited by the fact that there is finally a light at the tunnel on all the hard things. […] Like the Merge happened, the scalability solutions are happening [Arbitrum, zk-Sync] […] And light at the tunnel on Dank-Sharding. I think the fact that we have both, Dank-Sharding and Plasma, is a big load off my shoulders as well because only one of these needs to succeed for Ethereum to be scalable.”

At press time, ETH traded at $2,023.

Featured picture from Shutterstock, chart from TradingView.com