TLDR: Ethereum’s 2024 roadmap by Vitalik Buterin promises major upgrades like proto-danksharding, SSF, and the Dencun hard fork, aiming for greater scalability, security, and lower gas fees.
This article is a summary of a You Tube video “10x CHEAPER Gas?? This Ethereum Upgrade Will Be a GAMECHANGER!!” by CoinGecko
Key Takeaways:
- Vitalik Buterin’s Ethereum 2024 Roadmap: Outlines a consistent vision from the previous year, focusing on enhancing Ethereum’s scalability, security, and decentralization.
- The Merge Completion: Successfully transitioned Ethereum to proof-of-stake (PoS) in September 2022, aiming for more energy efficiency and security.
- Single Slot Finality (SSF): A post-Merge focus, aiming to reduce block finalization time to increase efficiency and reduce vulnerabilities.
- The Surge: Targets a throughput of 100,000 transactions per second, significantly increasing Ethereum’s scalability.
- EIP-4844 Implementation: Introduces proto-danksharding, reducing costs for L2 rollups to post data to Ethereum, enhancing scalability and reducing gas fees.
- Cross-Rollup Standards and Interoperability: Vitalik emphasizes the importance of standards for rollup interoperability, indicating a long-term improvement focus.
- The Scourge’s Shifted Focus: Now also addressing economic centralization and stake pooling issues, beyond just mitigating Miner Extractable Value (MEV) risks.
- Verge and Verkle Trees: Progress towards simplifying block validation, paving the way for a zk-EVM compatible Ethereum and further decentralization.
- Dencun Upgrade: An anticipated hard fork introducing key EIPs for scalability, security, and usability, marking the start of ‘The Surge’ Era.
- Other Notable Upgrades and Proposals: Including ERC-4337 and ERC-6900 for account abstraction, EIP-4788 for integrating beacon block root into EVM blocks, and EIP-5656 for optimizing data copying in smart contracts.
