NewsletterVitalik Buterin Reveals Ethereum’s Staking Overhaul for Decentralization Boost
In a recent interview with Defi and NFT platform Defiant, Ethereum co-founder Vitalik Buterin was asked 45 questions. The interview took place in Turkey, and Buterin was visiting the nation for the first time.
The Ethereum founder first addressed the Turkish cryptocurrency environment. When asked about crypto in Turkey, Buterin stated that Turkey is a very big hub in the crypto-verse as per statistics. He also said that whenever he posts on X, he gets most of the comments from the Turkish audience.
Later on, he talked about how the future of crypto in Turkey will advance and how it will impact the world.
Vitalik Buterin On Future Ethereum Roadmap
As the interview proceeded, the host asked Buterin about the future roadmap of Ethereum. Vitalik revealed that the change this year is realizing that they have to have a positive approach toward “staking centralization”.
He addressed that they have to “redesign” the Ethereum staking to make healthy changes in Mining pools and staking pools. He thinks that alleviating the issues will improve decentralization. However, the challenge is that data availability is moving slower in the off-chain systems as the near-term and mid-term demands are high.
About the next Ethereum upgrade EIP 4844 a.k.a Danksharding, Buterin said that the data map space will be improvised to 16 Megabytes per slot. Once the upgrade is done, the only hard work to be done is setting the parameters and attributes.
Buterin also argued that they could also employ a voting system so there would be no need for hard forks in the future. The Dencun upgrade will be live early in 2024.
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Cardano Supporters Mocked Buterin Over His UTxO Statement
As soon as Buterin mentioned UTxO, Cardano advocates mocked him on the microblogging site X hilariously. Taking a dig at Buterin, Cardano’s founder Charles Hoskinson said that “Ethereum 3 will solve it all” satirically.
Ethereum uses an account-based model while, UTxO (Unspent Transaction Output (UTXO)-based blockchain) is used by Bitcoin and Cardano. While Buterin praised the UTxO approach, the Cardano army couldn’t stop themselves and taunted why Cardano was doing things correctly.
In response to a comment, Hoskinson mentioned that Cardano would never be lauded as one of the greatest scientific achievements by Vitalik or the Ethereum team. Furthermore, he stated that Vitalik is rediscovering what Cardano has been working on for a decade and that they are never recognized.
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