- Ethereum co-founder Vitalik Buterin shared an updated roadmap for ETH 2023 appreciating progress made by ETH Layer 2s.
- Vitalik did not commit to a timeline for changes to Ethereum and noted that they are ordered according to priority.
- Ethereum price is $2,293 as the altcoin eyes recovery.
Ethereum co-founder Vitalik Buterin tweaked the project’s 2023 roadmap and shared it with his followers on X (formerly Twitter). Buterin’s proposition is aimed at reducing Ethereum’s design weakness and the co-founder did not commit to a timeline for changes presented in the roadmap.
Also read: PancakeSwap community votes to remove 300 million CAKE from supply
Ethereum maintains core priorities plans updates to design
In his recent tweet on X, Vitalik Buterin shared an updated roadmap for the second largest cryptocurrency by market capitalization. Buterin’s project maintained its core priorities:
- Merge: Proof-of-Stake consensus
- Surge: 100,000 transactions per second across Ethereum and Layer 2 networks
- Scourge: liquid pooling
- Verge: simplifying the block verification process on the ETH chain
- Purge: simplifying the ETH chain further
- Splurge: all else
Ethereum currently faces design weakness that has encouraged the development of the Layer 2 networks and the Verkle tree implementation. Buterin proposed a Single Slot Finality, within a consensus mechanism, in a single slot, a block of transactions can be considered “finalized,” meaning a guarantee that these cannot be altered or removed from the blockchain.
Buterin’s proposal differs from the original design of Ethereum consensus because all validators are involved in endorsing slots.
By popular demand, an updated roadmap diagram for 2023! pic.twitter.com/oxo58A2KuG
— vitalik.eth (@VitalikButerin) December 30, 2023
SSF further aims to make changes to the Ethereum blockchain irreversible without burning at least 33% of the total staked Ether. According to Buterin, SSF is the easiest path to resolving a lot of the Ethereum PoS design’s weaknesses.
At the time of writing, Ethereum price is $2,293 on Binance. ETH yielded nearly 12% gains for holders in the past week.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Bitcoin Weekly Forecast: BTC nosedives below $95,000 as spot ETFs record highest daily outflow since launch
Bitcoin price continues to edge down, trading below $95,000 on Friday after declining more than 9% this week. Bitcoin US spot ETFs recorded the highest single-day outflow on Thursday since their launch in January.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Solana Price Forecast: SOL’s technical outlook and on-chain metrics hint at a double-digit correction
Solana (SOL) price trades in red below $194 on Friday after declining more than 13% this week. The recent downturn has led to $38 million in total liquidations, with over $33 million coming from long positions.
SEC approves Hashdex and Franklin Templeton's combined Bitcoin and Ethereum crypto index ETFs
The SEC approved Hashdex's proposal for a crypto index ETF. The ETF currently features Bitcoin and Ethereum, with possible additions in the future. The agency also approved Franklin Templeton's amendment to its Cboe BZX for a crypto index ETF.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin (BTC) price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot Exchange Traded Funds (ETFs) in January and the reduced supply following the fourth halving event in April.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.