At the Ethereum Community Conference in Paris, Ethereum (ETH) co-founder Vitalik Buterin outlined his vision for the future of the second-largest project.
It includes an increased focus on security, stability and decentralization, among other key points:
- Ethereum is “55% ready to complete the Merger.” Here Buterin cited a common misconception in the bitcoin (BTC) community that bitcoin is 80% complete.
- Ethereum should “settle down” over time. The network is in the process of many innovations, such as the famous EIP-1559 and the transition to Proof-of-Stake (PoS). The Ethereum co-founder noted that “at some point, the speed of the protocol changes will have to slow down.” However, Ethereum “will look more like a system optimized for security and predictability, rather than an ecosystem that is optimized to impress and stun people.”
- Buterin cautioned against adding support for multiple virtual machines and using technologies such as SNARK (brief non-interactive knowledge argument) too conveniently. He said there is a danger that Ethereum will become so complex that “no one person can understand the whole protocol.”
- Instead of complexity, Buterin said, the focus should be on decentralization. This process involves having an easy-to-use lightweight client for consensus level, runtime level, and “default” level 2, better support for home stackers, and ensuring that a full node can run on a simplified version of the hard drive.
- Speaking of changes worth making in the future, Buterin pointed to quantum stability upgrades as one such change. According to him, “as soon as quantum computers appear, we will have to switch to a different cryptography.
- Commenting on the merits of PoS, Buterin acknowledged that switching to it is a “big change” that carries “many benefits.” He added that the few remaining proof-of-work (PoW) supporters that exist in the Ethereum community may turn to Ethereum Classic (ETC). In his opinion, they have a “welcoming community” and it’s a “totally different network,” which is more taken as sarcasm.