Vitalik Buterin posts new roadmap for Ethereum with a focus on L2 scaling, smart wallets and privacy

Logo Kitco NEWSKitco NEWS
2023-06-09 18:20:16  • 3 mins

(Kitco News) - Ethereum (ETH) co-founder Vitalik Buterin posted a new roadmap on Friday entitled “The Three Transitions,” which lays out the development he expects to occur on the world’s top smart contract platform over the next few years.

“As Ethereum transitions from a young experimental technology into a mature tech stack that is capable of actually bringing an open, global and permissionless experience to average users, there are three major technical transitions that the stack needs to undergo, roughly simultaneously,” the blog said.

The transitions identified include the layer-two (L2) scaling transition, where everyone moves to rollups, the wallet security transition, where everyone moves to smart contract wallets, and the privacy transition, where developers ensure that “privacy-preserving funds transfers are available,” and that other services being developed, such as social recovery, are also privacy-preserving.

Without the L2 scalability transition, “Ethereum fails because each transaction costs $3.75 ($82.48 if we have another bull run), and every product aiming for the mass market inevitably forgets about the chain and adopts centralized workarounds for everything,” Buterin said.

Continue read on

In this article BP.-GB SHEL-GB IINN ENI-IT TTE-FR Follow your favorite stocksCREATE FREE ACCOUNT [The stream is slated to start at 5 a.m. ET. Please refresh...
2023-10-02 09:28:19  • 1 min
The specter of high and rising interest rates is upon us, and in its wake, astute investors should consider stocks with a robust financial backbone. The...
Logo NasdaqNasdaq
2023-10-01 11:13:00  • 2 mins
MANILA -Fiber internet tycoon Dennis Anthony Uy’s Converge ICT Solutions Inc. surpassed two million nationwide home broadband subscribers as its entry into...
2023-10-02 07:55:05  • 1 min
What is a data center? It's a dedicated building filled mostly with clusters of computer servers working in unison to complete tasks, and it's typically...
Logo NasdaqNasdaq
2023-10-02 09:30:00  • 2 mins
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...
Logo Channel NewsAsiaChannel NewsAsia
2023-10-01 22:19:58  • 1 min
The FTX founders uphill court battle starts Tuesday, after he has come to symbolize everything that went wrong with the cryptocurrency industry. A year ago,...
Logo The New York TimesThe New York Times
2023-10-02 09:00:45  • 1 min
By Nikhil Inamdar BBC News A new transport corridor announced on the sidelines of the G20 summit in Delhi will become the basis of world trade for hundreds...
2023-10-02 00:13:34  • 2 mins
Artificial Intelligence (AI) is arguably the most significant technological innovation since the dawn of the internet. AI is transformative because it...
Logo NasdaqNasdaq
2023-10-01 22:47:00  • 1 min
In this article GFS INTC TSEM-IL 981-HK GM LMT Follow your favorite stocksCREATE FREE ACCOUNT In its short 14-year history, GlobalFoundries has risen to...
2023-10-01 13:00:01  • 1 min
Extracts from a recently published speech show Xi urged officials to balance development and security and not cling rigidly to ideas.
After more than a year of uncertainty, 2023 has marked a return to form for Wall Street. The S&P 500 index has gained nearly 12% so far this year and is...
Logo NasdaqNasdaq
2023-10-01 15:45:00  • 1 min
Key Points Billions in FTX customer and investor money is tied up in an ongoing bankruptcy process. Some who have lost millions of dollars tell CNBC they...
2023-10-02 09:00:01  • 1 min
Key Points Vitalik Buterin, the man behind the second-most-popular cryptocurrency, sat down with CNBC's MacKenzie Sigalos in Prague, one of the new crypto...
2023-09-22 12:00:01  • 2 mins
The PLDT Group is planning to build a 13th data center facility amid an increasing demand from enterprise clients and hyperscalers. Victor Genuino, president...
2023-10-01 18:06:00  • 1 min
Akshay Naheta, who pitched SoftBank on selling chip firm Arm to Nvidia, set up his stablecoin firm DTR in the emirates financial free zone in Abu Dhabi.
By Derek Cai BBC News, Singapore Indonesia has inaugurated its first high-speed railway, a $7.3bn (5.9) project backed by China under its Belt and Road...
2023-10-02 04:06:41  • 1 min
The kids are back in school, every store smells of pumpkin spice, and the neighbors are putting up Halloween decorations already. October is here, kicking...
Logo NasdaqNasdaq
2023-10-01 13:09:00  • 2 mins
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...
Logo Channel NewsAsiaChannel NewsAsia
2023-10-02 08:44:34  • 1 min
A prime minister who has no idea whether he will spend the money to complete the single largest infrastructure project in the UK can hardly be said to have a...
Logo The GuardianThe Guardian
2023-09-30 18:02:20  • 2 mins
The past couple of years have been consistently unpredictable for Wall Street. The three major stock indexes -- the Dow Jones Industrial Average, S&P...
Logo NasdaqNasdaq
2023-10-02 09:21:00  • 1 min