x
Black Bar Banner 1
x

Alert!  New Secured Wallets are installed! new Blog system with AI  power and auto blog curation coming soon  Alert! 

Ads by Markethive - View All
Blogs
The Blog Feed
Write a New Blog Post
Search Blog Status
Most Viewed
Most Recent
Most Shared
Alphabetical
Blog Main Menu
Markethive Blog (default)
All Blogs
My Blog Posts
Friends' Blogs
Blog Categories
All
Advertising
Blockchain & Cryptocurrency
Business Development
Diet & Weight Loss
Environmental
Health and Wellness
History and Culture
Home and Garden
Marketing
Mentoring & Training
Money & Finance
Other
Political
Prayer & Religion
Programming & Technical
Real Estate
Search Engine Optimization
Social Media
Spirituality
Sports & Recreation
Transport
Travel & Events
Website Design
Blogging Tools & Assets
My Blog Info
Members Subscribed to You
Blogs You Are Subscribed To
Website Widget
Wordpress Plugin

Get Ready for the 'Scourge': Inside Vitalik Buterin's Updated Ethereum Plans

Posted by Andries Van Tonder on November 08, 2022 - 10:48am


Get Ready for the 'Scourge': Inside Vitalik Buterin’s Updated Ethereum Plans

It’s not a zombie apocalypse—it’s a new part of Ethereum’s post-merge roadmap.

By Kate Irwin

Ethereum cofounder Vitalik Buterin. Image: Shutterstock

The scourge is coming. 

Ethereum Co-Founder Vitalik Buterin published a technical infographic Friday sharing the updated roadmap for planned upgrades to the network. It includes an addition to the verge—a new milestone for the merge—and the creation of a new stage called the scourge, to name a few.

The goal of the scourge is to “ensure reliable and fair credibly neutral transaction inclusion [and] solve MEV issues,” said Buterin.

MEV in crypto refers to Maximum Extractable Value, which the Ethereum Foundation defines as “the maximum value that can be extracted from block production in excess of the standard block reward and gas fees by including, excluding, and changing the order of transactions in a block.”

The scourge aims to ensure that transactions are neutral and centralization is avoided. This may also include in-protocol pre-confirmations and frontrunning protections. The scourge also includes PBS, or Proposer Builder Separation, which is the idea that constructing and proposing blocks in a blockchain should be delegated to different entities to increase network security and prevent MEV-related attacks. 

Buterin also clarified that certain items—indicated by blue checked boxes—are “key milestones” for Ethereum’s evolution and that the check marks do not signify completion when the steps before them are not completely green. 

Beyond the scourge, Buterin emphasized the addition of “single-slot finality” as a part of the second stage of the merge. Single-slot finality is the idea that Ethereum could be engineered to take just a single “slot” to finalize a block instead of the current time of roughly 64-95 slots. If implemented, single slot finality would improve the overall speed of Ethereum transaction finality. 

But a number of questions still need to be answered in order for such a feature to be implemented, according to the Ethereum Foundation, such as determining the best algorithm and concerns surrounding validators.  

Meanwhile, as Ethereum developers continue to update the network’s roadmap and explore potential upgrades, don’t be surprised if you hear more words that rhyme with “merge,” “purge,” “verge,” and “surge” in the future.

Andries Van Tonder thank you Otto
November 9, 2022 at 6:13am