Ethereum

Ethereum Co-Founder Vitalik Buterin Reveals His Vision of ETH 2.0

  • Ethereum Co-Founder Vitalik Buterin recently published a new blog post on ETH 2.0
  • Addressed issues of centralization of block production, offering a new perspective on the process
  • While he says that block production will probably have to remain centralized.

The pending Ethereum update, popularly known as Ethereum 2.0, has been in the works for years, and developers were finally able to start rolling it out about a year ago. However, the process is slow and long, and it is not over yet, even now.

But, many still anticipate its full release and follow every move that developers are making with great interest. That’s why the co-founder of the project, Vitalik Buterin, recently published his own vision for the plausible roadmap of ETH 2.0, essentially revealing what he imagines it might be like once it finally arrives in full.

Buterin presented a future in which Ethereum ( ETH / USD ), which remains the largest smart contract platform in the crypto industry, can increase its scalability and meet the highest standards of resistance to censorship and lack of confidence.

Buterin’s new idea

Buterin posted a blog post yesterday, December 6, with the title ” Endgame .” In it, he presented a thought experiment on how a large blockchain, defined by a high block frequency, thousands of transactions, and a large block size, can still be considered trustless and censorship resistant.

Usually this level of scalability comes at a price, and the price is centralization. However, Buterin then provided a solution that does not address the problem of centralization itself, but offers a roadmap for implementation.

Buterin suggested the introduction of a second level of participation that would use small amounts of resources to carry out distributed block validation. With the updates you suggested, it would be possible to create a chain in which block production remains centralized, but block validation is unreliable and highly decentralized. More than that, it would have a specialized anti-censorship function that would prevent censorship from block producers.

Finally, he concluded by saying that there is a high probability that block production will remain centralized regardless of the path towards scalability the project takes. However, your solution offers to decentralize certain parts of the process, which is still a step in the right direction.

Samuel Edwards
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