Ethereum creator Vitalik Buterin revealed new plans for the ETH blockchain, citing that the roadmap for 2024 includes fewer adjustments thanks to more clarity in Ethereum’s technical path.
In his latest set of tweets, Buterin noted that implementing Single-Slot Finality (SSF) into Ethereum can help resolve multiple design issues caused by the PoS nature of the blockchain. The Ethereum consensus mechanism typically takes fifteen minutes to validate a block, resulting in slower finalization of transactions.
By allowing the consensus mechanism to confirm and finalize blocks in the same time slot, Single-Slot Finality serves as a potential solution to reduce the finalization time of transactions to fifteen seconds.
According to Buterin, The Scourge has been modified to combat the centralization issues posed by MEV and staking pools. The Scourge refers to the third major upgrade for Ethereum and it involves reducing censorship and increasing the decentralization of the ETH blockchain.
The creator of Ethereum claimed that “significant progress” has been made for The Verge. Aimed at simplifying the block verification process, The Verge will introduce a new data structure called Verkle Trees to Ethereum. Vitalik noted that the Verkle Trees are almost ready for deployment.
Lastly, Buterin revealed that the State Expiry facility and Verifiable Delay Functions were shrunk while obfuscation measures and delay-encrypted mempools have been added to the Ethereum roadmap.
Written by
Ayush Pande
Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.
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