After the Ethereum Merge software update, which has changed the proof of work to proof of stake methodology, Ethereum co-founder Vitalik Buterin revealed an updated Ethereum roadmap with “The Scourge” phase.
Buterin released the updated Ethereum Roadmap on November 5, 2022, and it envisages tackling issues such as censorship, block verification, and centralization post the Merge Update. Here are the finer details of the proposed Ethereum Roadmap-
Vitalik Buterin’s Ethereum Roadmap
With the successful transition to a proof-of-stake (PoS) consensus mechanism with “The Merge,” Ethereum is soon to go into a deflationary crypto asset. The signs are visible, especially after the Merge update when ETH supply increased by 2.5K, and the rate has come down compared to the ETH issuance before the Merge Update.
Post Merge, there have been some Ethereum censorship fears, which is reflected in the minting of OFAC-compliant blocks that reached 73% in the last 24 hours. Vitalik assumes single slot finality as the new “stage 2 Merge” milestone.
“The Surge” software update will involve EIP-4844, Danksharding, rollups, and zkEVM. Ethereum seeks to expand scalability and capacity to 100,000 transactions per second. The milestones include “Basic rollup scaling” and “Full rollup scaling.
The next phase will be “The Scourge, ” which tackles censorship resistance. The aim is to stick to decentralized finance’s basics and warrant dependable and credible neutral transaction inclusion. The phase will help to preempt centralization and other protocol risks from MEV. Ethereum block production will be based upon inclusion lists or alternative selection mechanisms, and it also incorporates Proposer/builder separation (PBS) specifications and MEV burn.
“The Verge” phase will simplify verifying blocks process by employing SNARKs. All user characteristics, like downloading data and basic computation, will be confirmed by employing SNARK. Buterin had pushed “verkle trees” to make Ethereum more competent in storage and permits a smaller node size.
“The Purge” phase will ask consumers to trash older data. However, it is not clear how the legacy data will be stored. The final goal is to negate technical; debt and reduce expenses for participating in the network.
The final phase will be the “The Splurge” phase, focusing on better security, user experience, and flexibility.