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Vitalik Buterin has outlined his vision for Ethereum’s next decade, hinting at critical changes aimed at advancing the network’s capabilities. His 10-year roadmap suggests developments that could elevate Ethereum’s functionality and innovation.
Vitalik Buterin’s 10-Year Plan for Ethereum
Vitalik Buterin, co-founder of Ethereum, said on the Bankless podcast that, eventually, everyone will be involved in managing the Ethereum network.
The largest node-based decentralized smart contract network is Ethereum. Currently, a complex computing environment is being managed by thousands of individuals that operate these nodes.
Decentralization Comes with High Entry Requirements
Despite the protocol's decentralization, its growth is driven by its high entry requirement. Vitalik Buterin envisions Ethereum nodes operating on mobile devices in his future predictions. According to him, the group would have achieved significant strides in guaranteeing light computations to accomplish this.
He brought attention to the fact that the operator of the mobile phone node can download and hash data in less than 12 seconds. In order to verify a snark, the node will allow you to solve elliptic curve equations. Assuming this works, he thinks node verification will be "sleek and seamless."
According to Buterin, the massive data involved is the main issue of this projection. On the other hand, he thinks mobile phones are revolutionary for data storage. He seems to have laid out a course for Ethereum that will reshape developments in smart contract networks.
Ethereum Leads Smart Contract Innovation
As the pioneering protocol for smart contracts, Ethereum's blockchain has continued to pave the way for innovation in other Layer-1 networks.
Among the protocol's many improvements in recent years, according to U.Today, the Merge marked the most significant shift from proof-of-work to proof-of-stake.
Recent Upgrades Make Ethereum More User-Friendly
To make the protocol more user-friendly, Dencun recently upgraded by stepping down the gas charge for its Layer-2 networks.
A plethora of improvements have been courted by Ethereum, and even more are on the way in the days to come. In most cases, these enhancements are an attempt to stave off the formidable competition from companies like Solana and Cardano.
