Everything Vitalik Buterin said about the future of Ethereum

Vitalik Buterin sheds light on how Denkun's hard fork improved blockchain scalability and efficiency.

In fact, proto-danksharding represents a significant change, reducing support fees by a factor of over 100. According to Ethereum's founder, this development paves the way for a more scalable and cost-effective ecosystem. It addresses long-standing concerns about blockchain bloat and high fees.

Why the future of Ethereum looks bright, according to Vitalik Buterin

The Denkun hard fork marks a critical transition for Ethereum. Blockchain's transition to a Layer 2 (L2)-centric ecosystem reflects a forward-thinking approach to decentralization, with core applications moving from Layer 1 (L1) to L2.

This transition reimagines the Ethereum infrastructure to support a wider range of applications and improve the user experience across the board.

Vitalik Buterin emphasizes the importance of a separate data access point. This is a new concept that allows L2 projects like Scrolls to store data in a block segment that is not accessible by the Ethereum Virtual Machine (EVM). The new system allows data to be distributed and verified independently of the block.

Thus, it lays the groundwork for future scalability through data availability sampling. This method promises to dramatically expand Ethereum's data capacity without compromising security or requiring significant changes from users or developers.

“The data space can be distributed block-by-block and verified block-by-block because the EVM is not accessible. Eventually, each node can be verified by a technology called data availability sampling, which only checks a few small samples at random to ensure that the data is correctly published. Once this is implemented, the blob space can be greatly expanded; Ultimately the goal is 16 MB per site (~1.33 MB/s),” Buterin wrote.

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The roadmap outlined by Buterin includes several critical areas for development. These include increasing blob capacity and improving L2 protocols to maximize data utilization efficiency. The introduction of PeerDAS, a simplified version of the Data Delivery Sample, and EIP-7623 aims to further streamline transactions and data handling capabilities, demonstrating a continued commitment to efficiency and effectiveness.

Buterin addresses the need for improvements in L2 protocols themselves, from optimizing data compression to increasing security measures. These improvements are critical to supporting Ethereum's growth and maintaining its position as a leading blockchain decentralized application.

“We have no more excuses. Up until a couple of years ago we were setting ourselves a low standard, applications that were clearly useless as long as they were prototyped and reasonably decentralized. Today, we have all the tools we need, and indeed most of the tools, to build simultaneously cypherpunk and user-friendly applications,” emphasizes Buterin.

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The vision is for Ethereum to be a blockchain ecosystem capable of supporting a variety of applications at scale and prioritizing user experience, security and decentralization.