Addressing the Ethereum Community Conference (EthCC) in Paris, Vitalik Buterin spoke about the upcoming ‘Merge’.
Ethereum’s merge, which is scheduled to take place in mid-September, has been getting all the attention lately. And the unique feature of the merge is that the current Ethereum mainnet will merge with the Beacon chain proof-of-stake system, which will mark the end of proof-of-work.
Additionally, the merge will transform ethereum’s monetary policy as it will become more sustainable and reduce ETH’s total supply to 90%.
Buterin added that, “After the merge, you will be able to build an Ethereum client that does not even know the proof-of-work phase even happened.”
However, this is not the end, there will be further upgrades after merge called ‘Surge’, ‘Verge’, ‘Purge’ and ‘Splurge’ to make Ethereum even more secure and decentralized.
As stated by Buterin,” “Ethereum can go up to being 55% complete after the ‘merge.” “We are getting close, which is really amazing,” he added.
Ethereum would become a more scalable system at the end of the roadmap. Also, Ethereum will be able to process 100,000 transactions per second which are way higher than the current 15-20 transactions per second.
A Big Leap
“Surge” is the addition of Ethereum’s sharding, a scaling solution that will make layer-2 solutions more affordable.
Also, it will lower the cost of roll-ups or bundled transactions and make it easier for the user to operate nodes that secure the Ethereum network. Once the surge is over, the Ethereum network will process transactions faster, added Buterin.
As far as “Verge” is concerned, it will implement “Verkle trees” (type of mathematical proof) and “Stateless clients”. This would eliminate the need to store an extensive amount of data on the machines and help users become network validators.
The “Purge” would eliminate the old data for streamlining storage and lessen network traffic.
And lastly, the “Splurge” which is all about the other fun stuff.
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