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Highlights
- The Ethereum foundation has unveiled a 10-year plan for the network.
- The team is eyeing ambitious vertical scaling while making key pledges to users.
- Ethereum has made a resurgence in recent months buoyed by treasury companies and ETF inflows.
Amid the fanfare around Ethereum’s 10th anniversary, the non-profit behind the network has unveiled a new vision. Under the Ethereum lean plan, the team will pursue the ideals of improved performance, decentralization, and security.
Ethereum Lean Plan Eyes Quantum Resistance And 100% Uptime
According to a blog post, the Ethereum Foundation has disclosed new long-term plans for the network for the next 10 years. The new vision, dubbed Ethereum Lean, will upgrade every facet of the blockchain, bolstering weaknesses and improving strengths.
For starters, the Ethereum Foundation noted that it will continue Ethereum’s 100% uptime streak since launch. Incoming upgrades over the next 10 years will make Ethereum impervious to the threats of quantum computers and nation-state conflicts.
Furthermore, the blog post has predicted short-term performance gains over the next 6-12 months. The Ethereum Foundation has its eyes on scaling the layer 1 to 10K TPS while targeting 1 million TPS on layer 2 chains. Back in June, Vitalik Buterin revealed plans to scale Ethereum 10X in a year to improve network metrics.
Amid the push for improved scalability, the Ethereum lean plan will involve real-time zkVMs and Data Availability Sampling (DAS). Per the report, the plans will entail full chain verification across browsers and wallets, underscoring its lean direction.
Lean Upgrades Across All L1 Sublayers
The Ethereum lean plan involves a series of bold upgrades across all three sublayers of the layer 1. The Ethereum Foundation will advance plans for a lean consensus to offer finality in seconds and lean data features post-quantum blobs.
The 10-year vision includes upgrades to the Ethereum Virtual Machine via a SNARK-friendly instruction set. Meanwhile, there are plans for hash-based cryptography as the foundation for an Ethereum lean plan.
Per the plan, a lean cryptography will be Ethereum’s answer to the rise of snarks and quantum computing threats to distributed ledgers. The new vision comes after Ethereum turned 10, marking a decade of innovation and resilience.
“After 10 fantastic years, lean Ethereum is a generational oath,” read the blog post. “To keep Ethereum online no matter what. To scale it without compromise. To make it worthy of those who come next.”
Amid the 10th anniversary fanfare, strategic ETH reserves have surged to $10 billion as total corporate holdings soar to 2.73 million ETH. At press time, ETH is trading at $3,740, gaining an impressive 55% over the last month.
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