2 years ago
Ethereum co-founder Vitalik Buterin said the Ethereum web needs to spell done 3 large method transitions related to Layer-2 scaling, wallet security, and privateness arsenic it matures from a “young experimental exertion into a mature tech stack.”
Buterin added that these transitions indispensable beryllium executed “roughly simultaneously” to guarantee occurrence and if immoderate of them autumn short, past the web volition apt neglect owed to definite cardinal issues that volition originate arsenic a consequence.
He made the connection successful a June 9 blog post that revealed a caller roadmap for the Layer-1 blockchain network, wherever helium besides discussed the captious issues plaguing Ethereum’s aboriginal that request to beryllium addressed.
Buterin said:
“It’s not conscionable features of the protocol that request to improve; successful immoderate cases, the mode that we interact with Ethereum needs to alteration beauteous fundamentally, requiring heavy changes from applications and wallets.”
Layer-2 scaling
According to Buterin, Layer-2 rollups lick a captious contented plaguing the Ethereum web — precocious state fees. If users don’t follow rollups en masse, past state fees volition stay absurdly high, with a azygous transaction perchance costing much than $80 during a bull run.
Even successful the existent crypto wintertime — considered by galore to beryllium the harshest successful past — state fees for Ethereum transactions are usually astir $3. Buterin believes this is unsustainable and Layer-2 adoption is the lone mode to lick it.
Failure to bash truthful volition yet effect successful users turning to “centralized workarounds” that volition beryllium much intuitive and cheaper to use.
Wallet security
Buterin believes that crypto wallets are not up to par presently erstwhile it comes to idiosyncratic acquisition and security, which is simply a captious contented for the maturation of the network.
According to Buterin, if wallet information is not improved, past users volition ne'er consciousness comfy with the self-custody of assets and volition similar to crook to centralized options similar exchanges.
He besides said that the interoperability of wallets and networks is important arsenic it enables a much seamless acquisition for users erstwhile it comes to utilizing cryptocurrency successful day-to-day transactions similar buying groceries.
Buterin said:
“I person coins connected Scroll, and I privation to wage for coffee. You are selling maine the coffee, but you are lone acceptable up to person coins connected Taiko. Wat do?”
He suggested the conception of a “receiving wallet” arsenic 1 mode to lick this conundrum. Such a wallet would enactment the immense bulk of Layer-2 networks and would beryllium capable to consolidate funds asynchronously.
Another enactment would beryllium to make cross-L2 bridging strategy truthful senders’ wallets are capable to automatically nonstop funds to the close destination.
Privacy
Another cardinal contented that threatens Ethereum’s occurrence successful becoming the go-to web for the mean idiosyncratic is the deficiency of privateness erstwhile it comes to idiosyncratic transactions.
Buterin believes that radical would loathe utilizing crypto successful their regular lives if determination is simply a nationalist grounds of their transactions that is easy traceable to them.
He made respective suggestions astir utilizing stealth addresses but admitted that issues astir privateness stay a large occupation with nary casual solution successful sight.
The station Buterin says Ethereum needs 3 captious transitions to guarantee its survival appeared archetypal connected CryptoSlate.
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