Vipul Mishra
Ethereum co-founder Vitalik Buterin has unveiled an updated plan for the network’s goals in 2024. Buterin shared this roadmap on December 30 through a series of X posts, confirming that it would involve only minor changes compared to the previous year.
The primary focuses for Ethereum (ETH) in 2024, as outlined by Buterin, encompass the Merge, the Surge, the Scourge, the Verge, the Purge, and the Splurge. The Merge, a significant component of this plan, aims to maintain a robust and straightforward proof-of-stake (PoS) consensus, building on the integration of the Ethereum mainnet and the Beacon Chain PoS blockchain in 2022, which reduced the network’s energy consumption significantly by transitioning from proof-of-work (PoW) to PoS.
The roadmap emphasizes Ethereum’s commitment to single-slot finality (SSF), ensuring that blockchain block changes cannot be reversed without burning at least 33% of the total staked ETH.
By popular demand, an updated roadmap diagram for 2023! pic.twitter.com/oxo58A2KuG
— vitalik.eth (@VitalikButerin) December 30, 2023
Buterin also discussed the Scourge focus, which aims to combat economic centralization, particularly concerning MEV and liquid stake pooling within Ethereum.
Moreover, Buterin expressed his desire to bring back the original “cypherpunk” ideals into blockchain, emphasizing decentralization, open participation, resistance to censorship, and trustworthiness. Recent advancements like rollups, zero-knowledge proofs, account abstraction, and second-generation privacy solutions align with Ethereum’s original values.
Despite minor challenges, Buterin’s 2024 vision for Ethereum appears promising, with analysts like Raoul Pal predicting a potential ETH price increase of up to $5,300.