Ethereum CEO Vitalik Buterin announces 2024 strategy


According to Vitalik Buterin, creator of Ethereum, the most direct way to fix most problems with the Ethereum Proof-of-Stake (PoS) design is to use single-slot finality (SSF).

Vitalik Buterin, creator of Ethereum, has released the Ethereum roadmap for 2024 and acknowledged that there are very few changes from the previous year.

Ethereum will continue to prioritize six core components in 2024, according to a series of messages by Buterin on X (previously Twitter).

Buterin went into more depth on these six components—the merging, surge, plague, verge, purge, and splurge—in a comprehensive chart with notes and graphics.

As the future of Ethereum’s technology becomes more apparent, he said that the plan until 2023 has undergone just a handful of small revisions: “There aren’t many changes as Ethereum’s technical roadmap gets more solid.”

Aiming to maintain a straightforward and robust proof-of-stake (PoS) consensus, the merger was emphasized as a crucial component on the roadmap.

The integration of the Ethereum mainnet and the Beacon Chain, a proof-of-stake blockchain, occurred in September 2022 during The Merge.

After the merger, the biggest change on Ethereum was the switch from the power-hungry proof-of-work (PoW) consensus method to the far more efficient proof-of-stake (PoS) mechanism, which drastically reduced the network’s total energy usage.

Also, he brought attention to the changes regarding Ethereum’s SSF (single slot finality). The goal of finality is to make sure that no one can undo modifications made to a blockchain block without destroying at least 33 percent of the ETH staked.

After the merger, the importance of single slot finality (SSF) in enhancing PoS becomes more apparent. As time goes on, SSF stands out as the most straightforward solution to address the many issues affecting the Ethereum PoS design.

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