Ethereum should be heading towards long-term stability, according to its founder, Vitalik Buterin.
In an interview on the Bankless podcast, Buterin highlighted that there are two major priorities for the Ethereum community following the successful completion of the merger:
“There are two big priorities. One is to understand scaling. And I mean at all levels of the ecosystem, such as the complete overhaul of the Ethereum protocol, which includes things like sharing, getting the roll-ups themselves to be fully ready for users, getting applications on them, building good infrastructure for bridges between them, support from all wallets…
Then the other priority is to move from Ethereum being in rapid growth mode to Ethereum being in stability mode. I think it’s a transition that needs to happen and I think to some extent it’s an inevitable transition because as the ecosystem grows, the cost of changing things increases and then you start to have all these regulatory concerns.”
There is little time available for Ethereum
Buterin noted that with the final merger completed, Ethereum developers will no longer have to rush for major protocol changes and the community will become more “pragmatic” in the near future.
Therefore, with what he has mentioned he is essentially confirming that there is a tight time frame to complete all these desired changes to the blockchain.
“THERE IS A NARROW WINDOW OF TIME TO MAKE A LOT OF SIGNIFICANT CHANGES, BUT AT THE SAME TIME, THE ECOSYSTEM REALLY NEEDS TO GET OUT OF THIS KIND OF… INTENSIVE CHANGES. WE NEED TO MAKE SURE THAT EVERY STEP THAT ETHEREUM’S NAVIGATIONAL MAP TAKES IS TOWARDS A MORE STABLE LONG-TERM PATH THAT LEADS TOWARDS STABILITY.”
Previous Articles:
- Leading lawmakers pitch extending scope of AI rulebook to the metaverse
- Why Bitcoin Maximalists Remain Unshaken Despite The Collapse
- What about Bitcoin? The conflicting predictions of analysts
- How Cosmos is changing and the importance for ATOM
- Bitcoin seems to be holding up the currency “storm”
