Ethereum 2.0 is a major upgrade to the Ethereum network that is currently in development. It is designed to address some of the key challenges facing Ethereum 2.0 Roadmap today, including scalability, security, and sustainability.
Vitalik Buterin co-founder of Ethereum, has recently revealed his roadmap for Ethereum 2.0 in an interview with Cointelegraph. In this blog post, we will take a closer look at Buterin’s roadmap and what it means for the future of Ethereum.
The Ethereum 2.0 Roadmap
Buterin’s roadmap for Ethereum 2.0 is divided into six phases:
- The Merge: This phase will merge the current Ethereum mainnet with the new proof-of-stake (PoS) Beacon Chain.
- The Surge: This phase will focus on increasing the scalability of Ethereum through sharding.
- The Verge: This phase will focus on reducing the block time of Ethereum and making it more efficient.
- The Purge: This phase will remove old and unused data from the Ethereum network to reduce its size.
- The Splurge: This phase will focus on implementing a variety of miscellaneous improvements to Ethereum.
- The Scourge: This phase will focus on improving the censorship resistance of Ethereum.
The Merge
The Merge is the first and most important phase of the Ethereum 2.0 roadmap. It is scheduled to launch in 2023 and will mark the transition of Ethereum to a PoS network.
PoS is a consensus mechanism that is more scalable and secure than the current proof-of-work (PoW) mechanism used by Ethereum. In PoS, validators are chosen to verify transactions and add new blocks to the blockchain based on their stake in ETH.
The Merge will also introduce a new type of Ethereum wallet, called a validator wallet. Validator wallets will be used to stake ETH and participate in the PoS consensus mechanism.
The Surge
The Surge is the second phase of the Ethereum 2.0 roadmap and is focused on increasing the scalability of Ethereum. It is scheduled to launch after The Merge and will introduce sharding to the Ethereum network.
Sharding is a technique that divides the Ethereum network into smaller partitions, called shards. Each shard will process its own transactions independently of the other shards. This will allow Ethereum to process more transactions per second and reduce congestion on the network.
The Verge
The Verge is the third phase of the Ethereum 2.0 roadmap and is focused on reducing the block time of Ethereum and making it more efficient. It is scheduled to launch after The Surge and will introduce a variety of improvements to the Ethereum protocol.
These improvements will include reducing the block time from 13 seconds to 1 second, implementing stateless clients, and improving the efficiency of the Ethereum Virtual Machine (EVM).
The Purge
The Purge is the fourth phase of the Ethereum 2.0 roadmap and is focused on removing old and unused data from the Ethereum network to reduce its size. It is scheduled to launch after The Verge and will introduce a variety of new protocols and mechanisms for removing old data.
This will help to make Ethereum more scalable and efficient, and also reduce the storage requirements for nodes running on the Ethereum network.
The Splurge
The Splurge is the fifth phase of the Ethereum 2.0 roadmap and is focused on implementing a variety of miscellaneous improvements to Ethereum. It is scheduled to launch after The Purge and will introduce a variety of new features and functionality to the Ethereum network.
Some of the features that are being considered for The Splurge include support for account abstraction, native state channels, and EVM parallelism.
The Scourge
The Scourge is the sixth and final phase of the Ethereum 2.0 roadmap and is focused on improving the censorship resistance of Ethereum. It is scheduled to launch after The Splurge and will introduce a variety of new protocols and mechanisms to make Ethereum more difficult to censor.
Some of the features that are being considered for The Scourge include support for decentralized transaction propagation and resistance to Sybil attacks.
What Does the Ethereum 2.0 Roadmap Mean for the Future of Ethereum?
The Ethereum 2.0 roadmap is ambitious, but it has the potential to make Ethereum the most scalable, secure, and sustainable blockchain platform in the world.
The Merge will transition Ethereum to a PoS network, which will improve its scalability and security. Sharding will further improve Ethereum’s scalability, and the other phases of the roadmap will focus on making Ethereum more efficient, reducing its size, and improving its censorship resistance.
If the Ethereum 2.0 roadmap is successful, Ethereum will be well-positioned to become the leading platform for decentralized applications and the future of finance.
