Ethereum co-founder Vitalik Buterin recently discussed the future of the Ethereum protocol following the highly anticipated Merge. In a blog post on Oct. 14, Buterin outlined several key improvements he believes are necessary to enhance the network’s efficiency and security in the post-Merge era.
Post-Merge Improvements
The Ethereum Merge, which occurred in 2022, transitioned the network from proof–of–work (PoW) to proof–of–stake (PoS). Buterin acknowledged this milestone but emphasized that further upgrades are needed. One of his main concerns is reducing the time it takes for transactions to be completed, as delays of up to 15 minutes can cause congestion and frustration for users.
Buterin suggested solutions such as implementing single–slot finality, which could significantly speed up transaction processing. This would not only improve user experience but also make Ethereum more competitive.
Additionally, Buterin addressed the accessibility of Ethereum staking. Currently, participants need 32 ETH to stake, which can be a barrier for many. He proposed lowering this requirement to 1 ETH, allowing more people to contribute to the network’s security and governance.
Summary Review: Vitalik Buterin shared his vision for Ethereum’s future post–Merge, focusing on reducing transaction times and making staking more accessible. He proposed solutions like single-slot finality to speed up transactions and suggested lowering the staking requirement to 1 ETH to allow more users to participate.
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