Vitalik Buterin Proposes New Ethereum Upgrade

Ethereum co-founder Vitalik Buterin has proposed a new plan that could allow the Ethereum network to handle up to one million validators

This change would greatly improve the network’s scalability, security, and decentralization. The proposal, shared in a recent blog post, focuses on redesigning Ethereum’s consensus protocol by separating the fork choice process from the finality process.

Ethereum’s New Proposal Will Change Its Current System

Ethereum currently uses one process to determine the latest block and the block finality. However, the Canadian computer programmer suggests that these processes should be split. Notably, this change could make the system simpler and help the network run better

In his proposal, only a small group of about 256 validators would use the LMD GHOST fork choice algorithm in real time. This group would act as Ethereum’s “fast lane” for selecting blocks. They would quickly determine the head of the chain without putting too much strain on the network.

By assigning the fork, Ethereum can significantly reduce the computing power required for consensus while maintaining a large, decentralized group of validators

Meanwhile, the finality process would still use the full validator pool, which helps maintain security and trustless validation. It is also worth noting that the proposal is in its research phase. As such, it is open to suggestions and input from the Ethereum community.

Ethereum Developer Proposes Faster Blocks

Last month, an Ethereum core developer proposed a major change that could significantly speed up the network

EIP-7782, presented on June 21, proposes reducing the network’s block time in half, from 12 seconds to six. The goal is to improve transaction confirmation times and enhance the overall user experience across the ecosystem.

Shorter slot times mean that new blocks are proposed twice as often, resulting in more responsive user interfaces and quicker inclusion of transactions. Wallets would display more accurate and up-to-date balances, while layer-2 networks could sync with the Ethereum mainnet more efficiently. The proposal could also bring meaningful improvements to decentralized finance (DeFi)

Ethereum Records Ten Years of Continuous Operation

There is no doubt that the Ethereum network is becoming a top choice for many institutions. Buterin says institutions are choosing it not because of hype, but because they trust it to work well and stay reliable

Intriguing, Ethereum has been running for over ten years without a single outage. It has processed millions of transactions and supported many applications without stopping. This is rare in the world of digital technology, where other digital platforms often crash or slow down.

Adding to this fact, Vitalik Buterin noted that many institutions now choose Ethereum because it is a dependable platform. This is particularly important when large organizations manage money, sensitive data, and digital services.

The post Vitalik Buterin Proposes New Ethereum Upgrade appeared first on TheCoinrise.com.