Breaking: Vitalik Buterin Releases “Updated Ethereum Roadmap”
Ethereum co-founder Vitalik Buterin on Saturday shared an updated Ethereum roadmap. With the Merge successfully completed, the next phases are Surge, Scourge, Verge, Purge, and Splurge.
The big changes include The Verge is about “verification,” not just “verkle trees”; the endgame will be a fully SNARKed Ethereum; the new phase “The Scourge”, which ensures reliable and fair credibly neutral transaction inclusion, solve MEV issues; and a single slot finality as stage 2 Merge milestone.
Ethereum Co-Founder Vitalik Buterin Updates Ethereum Roadmap
Ethereum co-founder Vitalik Buterin in a series of tweets on November 5 announces an updated Ethereum roadmap. Especially, Ethereum roadmap now has another phase called “The Scourge” which focuses on ensuring reliable and fair credibly neutral transaction inclusion. Also, it looks to solve centralization and censorship risks that came after the Merge as Ethereum switches to proof-of-stake.
The Verge will bring “verkle trees” that stores a larger amount of data in a smaller proof, allowing a smaller node size. Now, the phase also has “verification” to make verifying blocks super easy with SNARKs.
Furthermore, each category has more specific milestones. As a necessary part of the “endgame” protocol, the role of quantum proofs will be more explicit.
Ethereum’s rising censorship has become a big concern after 51% of Ethereum blocks comply with OFAC standards. In the last 24 hours, the minting of OFAC-compliant blocks has reached 73%, as per mevWatch data.
With the “The Scourge” phase, Vitalik Buterin looks to solve MEV issues. Buterin has even shared some proposals such as “partial block auctions” to mitigate Ethereum censorship. He believes “partial block auctions” can decentralize block production, constraining the power of builders. Moreover, adopting a non-censoring MEV-Boost relay will ensure the neutrality of Ethereum.
Ethereum (ETH) Price Rises Above $1650
Ethereum price picks momentum yesterday after the U.S. released October jobs data. The unemployment rate increased to 3.7% against the expected 3.6%.
At the time of writing, Ethereum price is trading at $1652, up over 4% in the last 24 hours. The 24-hour low and high for Ethereum are $1,569 and $1,661, respectively. Meanwhile, Bitcoin price also saw a massive price recovery touching a high of $21,446.
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