In a recent blog post, Ethereum co-founder Vitalik Buterin presented a comprehensive roadmap outlining the network’s goals for the next few years. Buterin emphasized the importance of simultaneously addressing layer 2 scaling, wallet security, and privacy to ensure Ethereum’s continued success as the world’s second-largest blockchain.
Buterin’s blog post, titled “The Three Transitions,” stressed the need to tackle these technical transitions together in order to maintain the protocol’s essential components while offering a seamless and open experience for average users. He acknowledged the challenges involved in coordinating these efforts but emphasized their significance.
Layer 2 scaling, the first component, was highlighted as critical for Ethereum’s long-term viability. Buterin argued that failure in this area could lead to decentralized applications adopting centralized workarounds, undermining the blockchain’s integrity. Notably, Ethereum has experienced significant growth in layer 2 networks, with projects like Polygon and Matter Labs releasing ZK rollups.
The second component focuses on wallet security, advocating for the migration of user wallets to smart contract wallets. By ensuring secure on-chain storage of cryptocurrency payments and data, Ethereum aims to instill user confidence and discourage reliance on centralized entities.
Privacy emerged as the final crucial component. Buterin emphasized that without robust privacy measures, Ethereum’s success could be compromised, as users would be exposed to public scrutiny of their on-chain activities. This necessitates not only protocol improvements but also fundamental changes in how users interact with Ethereum, requiring adaptations from applications and wallets.
Ethereum’s upcoming major upgrade, known as Dencun, is set to introduce the technical feature of proto-danksharding, which aims to enhance the affordability of rollups. Buterin’s roadmap sets a clear direction for Ethereum’s development, ensuring the network remains at the forefront of innovation and user experience.