Vitalik Wants to Increase Ethereum Network Standards
Hello, beautiful people welcome back to another blog today’s blog is special because here I am going to talk about some great things regarding the Ethereum network. Ethereum’s founder vitalik Butterin suggested that while we are thinking about the Layer 2 solution we should make sure that how Ethereum network standards will improve. Actually, Vitalik before the rollup of 2024 ends Ethereum network reaches decentralized stage 1 also wants to increase the level of rollup In the Ethereum ecosystem and suggests developers set targets for this development.
In his blog post, vitalik Buterin noted that Ethereum is moving from the Layer 1 progress era to the Decisive Shift Process era, where Layer 1 progress will still be extremely important. Moreover, he said that Ethereum scaling efforts have changed from zero to one problem to an incremental problem Because now in the near future scaling work, efficiency improvement, and blog capacity increase will be the focus. So time by time network is going and improving and obviously vitalic butterin in doing excellent work to do this.
Strong standards of the Ethereum ecosystem is another major aim that vitalic has talked about in his blog. And he said that We should consider a project as Rollup only when it has actually reached at least Stage 1. we don’t know how this will be implemented but we cannot say anything without experiencing it or without seeing the consequences or benefits after the implementation of this new terms we will get to know regarding this development. I hope that it will effect positive on the Ethereum network.
In the roadmap, Data availability sampling is included and This will be implemented in the next stage of the roadmap it will be block capacity per slot 16MB increase. So this is also an important development. Also, optimizing L 2 solutions through technologies like optimistic execution, data compression, and security improvements is also part of this roadmap. Under the leadership of Vitalik butterin Ethereum network is updated regularly. This network is creating new milestones and let me share one milestone here that is big so it has gotten big achievement and the milestone is reaching one million validators.
those one million validators own 32 million ether in staking and its valuation is $14 billion. to improve the Ethereum network some time ago dencun Upgrade was launched and I have also shared a post regarding the upgrade so this happened to improve the Ethereum network basically it increased scalability and made the network cost-effective so this was a good upgrade. There is only one problem in an Ethereum chain which is high gas fees and most of the users always criticized the Ethereum network for this particular issue so that is what I wanted to share in this post I hope you liked the information that I have shared here please share this post on social media using relevant teags and also also if you do comment then I will appreciate.
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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