The main changes are as follows: The Verge is about the “audit“, and not only the “verkle trees“; the endpoint will be a fully SNARKed Ethereum; the new phase “The Scourge“, which ensures the inclusion of reliable and fair, credible and neutral transactions, solves SRM problems; and the finality of a single slot as step 2 of the merger.
Ethereum co-founder Vitalik Buterin updates Ethereum’s roadmap
Ethereum co-founder Vitalik Buterin, announced in a series of tweets November 5 an update to the Ethereum roadmap. In particular, the Ethereum roadmap now has another phase called “The Scourge” which focuses on ensuring the inclusion of reliable and fair credible and neutral transactions. In addition, it seeks to address the risks of centralization and censorship that emerged after the merger, with Ethereum moving to proof of stake.
* The Verge✅ is not just about “verkle trees”, it’s about “verification”. Endgame: fully SNARKed ethereum
* The Scourge🧟(new): ensure reliable and fair credibly neutral transaction inclusion, solve MEV issues
* Single slot finality as stage 2 Merge🐼 milestone
– vitalik.eth (@VitalikButerin) November 4, 2022
The Verge will bring “verkle trees” which store a larger amount of data in a smaller proof, allowing a smaller node size. Now, the phase also has “verification” to make block verification super easy with SNARKs.
In addition, each category has more specific steps. As a necessary part of the protocol “endgame“, the role of quantum evidence will be more explicit.
Ethereum’s growing censorship has become a big concern after 51% of Ethereum blocks are OFAC compliant. In the last 24 hours, the hit of OFAC-compliant blocks has reached 73%, according to data from mevWatch.
With the phase “The Scourge“, Vitalik Buterin seeks to solve the problems of the MEV. Buterin even shared some proposals such as the “partial block auctions” to mitigate Ethereum’s censorship. He believes that the “partial block auctions“can decentralize the production of blocks, limiting the power of builders. In addition, the adoption of an uncensored MEV-Boost relay will ensure Ethereum’s neutrality.
Ethereum (ETH) price climbs above $1650.
The Ethereum price is gaining momentum yesterday after the release of US employment data for October. The unemployment rate rose to 3.7% from an expected 3.6%.
At the time of writing, the price of Ethereum is trading at $1652, up more than 4% in the last 24 hours. The 24-hour low and high for Ethereum are $1,569 and $1,661 respectively. Meanwhile, the price of bitcoin has also seen a massive price recovery, touching a high of $21,446.