Cryptocurrency

Vitalik Buterin outlines the “endgame” roadmap for ETH 2.0

[ad_1]

Ethereum co-founder Vitalik Buterin Summarized his vision for Eth2’s “reasonable roadmap”, showing a future where the largest smart contract platform can improve its scalability while meeting high standards of trustlessness and censorship resistance.

In a post on Monday titled “The Endgame”, Buterin came up with A thought experiment on how to define an ordinary large blockchain-composed of very high block frequency, high block size and thousands of Transactions per second -Can still be considered sufficient to be trustless and censorship resistant. The obvious trade-off for this level of scalability is the centralization of block production. Buterin’s solution, as described in the blog post, does not solve the centralization problem, but it still provides an implementation roadmap.

Regarding the solution, Buterin suggested that “second-level staking, low resource requirements” and distributed block verification; “introduce fraud proof or ZK-SNARKS to allow users to directly (and cheaply) check the validity of blocks”; “introduction Data availability sampling, allowing users to check block availability [and] Add secondary transaction channels to prevent censorship. “

With these updates, “we get a chain where block production is still centralized, but block verification is trustless and highly decentralized, and special anti-censorship magic prevents block producers from censoring,” explained Buterin.

related: Vitalik Buterin proposes the calldata limit for each block to reduce ETH gas cost

Buterin stated that even if the so-called “aggregation” is implemented, block production will remain centralized, which is a second-layer solution for executing transactions outside of the Ethereum main chain. (Interestingly, Buterin came up with Ethereum roadmap centered on summary in October 2020).

“None of the aggregates can successfully align with most Ethereum activities. Instead, they all peaked at a rate of a few hundred transactions per second,” he said. Although it seems that aggregation may help distributed block production, decentralization may not continue due to the possibility of cross-domain maximum extractable income or MEV. As the name suggests, MEV refers to the maximum value that can be earned from block production that exceeds the standard block rewards and gas fees.

The Ethereum co-founder concluded that no matter what scalability path the network adopts, block production is highly likely to be centralized.this benefit He said that one feature of Ethereum’s aggregation-centric roadmap is that it is open to all futures.

Since the agreement first began a long-term transition to Proof of Stake in November 2020, the excitement surrounding Ethereum has been heating up. The highly anticipated London hard fork, ETH is expected to become a deflationary asset, Implemented in August this year. The hard fork introduced EIP-1559, aimed at reforming the network’s fee market. As Cointelegraph reported, More than 1 million ETH has been burned Since EIP-1559 came into effect.