Vitalik Buterin has published a roadmap for Ethereum 2.0 called ‘endgame’

Vitalik Buterin has published a roadmap for Ethereum 2.0 called ‘endgame’

Cryptocurrency News
by Editor's Desk
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The goal of the roadmap is to highlight what Ethereum plans to do in the near future and provide more insight on how they will be progressing from now. Vitalik Buterin has proposed how Ethereum could be upgraded to Eth2. This would increase security, scalability, stability, to mention just a few of the advantages. And
Vitalik Buterin has published a roadmap for Ethereum 2.0. called endgame

The goal of the roadmap is to highlight what Ethereum plans to do in the near future and provide more insight on how they will be progressing from now.

Vitalik Buterin has proposed how Ethereum could be upgraded to Eth2. This would increase security, scalability, stability, to mention just a few of the advantages. And the benefits are not limited to Ethereum users – this upgrade would have implications for the entire internet infrastructure.

Ethereum creator Vitalik presents an argument for how big blockchains can still maintain a high level of trust even if they have many transactions per second. The obvious trade-off for this level of scalability is the centralization of block production. However, Ethereum’s solutions, as shown in the blog post do not address this issue and still provide a roadmap for implementation.

One of the solutions Buterin suggested to solve the security issues was a “second tier of staking” that would require minimal resource requirements and another solution would be introducing “either fraud-proof or ZK-SNARKS” which allows users to check for authenticity.

These updates mean that the blockchain will be less centralized – meaning there won’t just be one person in charge of looking after it. Furthermore, if someone tries to tamper with it, they’ll be prevented by the anti-censorship magic embedded within it.

Buterin has since clarified how ‘rollups’ will not affect the centralization of Ethereum, with Buterin clarifying that rollups are to act outside of the main blockchain.

“All the major Ethereum transactions networks have a similar speed of a few hundred transactions per second,” said EVM inventor, Vitalik Buterin. It may be hard to resist the temptation of making big profits faster by selling off smaller pieces of your business because you’re able to extract more money from them. This kind of “rollup” behavior, however, can ultimately compromise decentralization in the long run. The MEV is a calculation of how much value a given block of Ethereum could have produced if it were mined with the lowest possible cost of production.

The Ethereum co-founder thinks that block production will eventually end up centralized, despite the path that the network takes to scalability. The benefits of Ethereum’s roll-up roadmap are that it is open to all future features and there can be a level playing field for network upkeep.