On Thursday, Vitalik Buterin, co-founder of Ethereum, general his long-term vision for the eponymous blockchain live at the annual Ethereum Community Conference, or EthCC, in Paris. According to Buterin, Ethereum is currently at a tipping point, or a period of rapid change, before ecosystem capabilities eventually stabilize.
Currently, the top priority for Ethereum is to create an easy-to-use lightweight client for consensus layer, execution layer, and default second layer decisions. Next comes better support for home stakers or those who want to verify network transactions when Ethereum moves to a proof-of-stake blockchain but has less than the required 32 Ether. Finally, Buterin considers it critical that Ethereum can eventually run on a full node with lighter hardware.
As for the long-term roadmap, Buterin plans to upgrade Ethereum with more advanced cryptographic technologies, potentially for quantum resilience if they emerge, and further integrate with zero-knowledge Ethereum virtual machines or zk-EVMs if they work. “We also need to be open-minded,” says Buterin. “We don’t know exactly what the needs of 2032 will require.”
But the Ethereum co-founder also shared his skepticism about several other potentials. These include adding support for multiple complex virtual machines, using black-box technologies like zk-SNARK too comfortably, or making the protocol too complex to be generally incomprehensible without the help of specialists. Ethereum is on the cusp of a Proof-of-Stake transformation dubbed the “merger”. Even though it took more than two years to develop, some developers are still skeptical about the secure transition.
Vitalik Buterin speaking at EthCC | Source: Cryptooshala Events Manager Maria A.
Credit : cointelegraph.com