• Vitalik Buterin estimates the completion status of Ethereum 2.0

  • Vitalik Buterin speculated on the completion date of Ethereum 2.0. Unfortunately, those of us who are impatient will be disappointed by what he said.

    Buterin discussed a variety of issues on the Bankless YouTube channel, including what makes him happy, maximalism, and layered 1s.

    However, the main focus of the conversation was on the development of Ethereum 2.0, namely the “Endgame” blog post he published in early December of last year. This piece outlined a feasible plan for realizing his vision of a trustless and censorship-resistant chain.

    Buterin discussed the new roadmap to Ethereum 2.0 in greater depth during the Bankless interview.

    The route to take

    Buterin published an updated roadmap diagram on December 1, 2021, the first anniversary of the Beacon Chain’s inception. It now divides into five separate groups: the merge, the surge, the verge, the purge, and the splurge.

    The merging of the two parallel Ethereum chains is referred to as the merge. This event will signal the change from a Proof-of-Work chain to a Proof-of-Stake chain.

    The rise is due to increased scalability via rollups and sharding. Rollups are scalability methods that conduct transactions off the main chain but with the transaction evidence made on layer 1.

    Sharding can be thought of as dispersing network load by dividing traffic among 64 new chains.

    The verge is about stateless clients, which is a scaling mechanism for reducing Ethereum’s state size. This will greatly improve the efficiency of node operation. This is related to the purge, which aims to improve node efficiency by removing previous data.

    “New accounts are added on a regular basis, and new smart contracts are deployed. As a result, Ethereum’s state size is designed to grow indefinitely.”

    Finally, the splurge denotes going all-in on extras, such as censorship resistant functionality.

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