- Vitalik Buterin talked about the future of Ethereum post-Merge and Dencun upgrade.
- ETH has entered a new phase where “blob fee markets” enter “price discovery mode.”
- Buterin said that the debut of Blobscriptions brings a dynamic element to the fee structures
Ethereum co-founder Vitalik Buterin offered insights into the future trajectory of the Ethereum network, shedding light on key developments and innovations while providing a roadmap for Ethereum’s scalability.
In a series of posts on social media platform X (formerly known as Twitter), Buterin acknowledged the existence of “blobs” while asking, “Where do we go from here?”
Buterin talked about the Dencun hard fork, stating that Ethereum entered a new phase where “blob fee markets” entered “price discovery mode,” marking a pivotal moment in the blockchain’s development.
Additionally, the introduction of Blobscriptions brings a dynamic element to Ethereum’s fee structures, signaling a shift towards greater flexibility and efficiency in transaction processing.
Buterin also highlighted the importance of Ethereum Improvement Proposal (EIP) 4844, which is paving the way for future scalability enhancements. Buterin said:
“I argue that now that the merge and EIP-4844 are done, we are decidedly on the right side of the S-curve. Further L1 changes will be quite meaningful and significant, but relatively milder.”
He also advocated for raising the standards of rollups, calling for a shift towards more advanced iterations that offer enhanced security and performance.
The Ethereum co-creator concluded that Ethereum is currently transitioning from a period of “very rapid L1 progress” to a phase where the L1 development will be significant but “more mellow and less disruptive to applications.” Buterin also said that Ethereum has upgraded from being “just” a financial ecosystem to being much more.
As reported earlier, Buterin also emphasized the critical importance of ERC-4337 as account abstraction (AA) gains traction.
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