Buterin releases Ethereum roadmap for scaling, privacy, and wallet security.
The co-founder of Ethereum, Vitalik Buterin, has presented a new roadmap for the network to follow in the coming years. He argues that the world’s second-largest blockchain should prioritize key goals such as layer 2 scaling, wallet security, and privacy in a coordinated manner.
In a blog post titled “the Three Transitions,” Buterin suggests that these technical transitions need to be addressed simultaneously to maintain key components of the protocol and provide a “global and permissionless experience to average users.”
“These three transitions are crucial,” Buterin wrote in the blog post. “But they are also challenging because of the intense coordination involved to properly resolve them.”
Layer 2 scaling
The first component, layer 2 scaling, is crucial as Buterin argues that if Ethereum fails on this front, “every product aiming for the mass market inevitably forgets about the chain and adopts centralized workarounds for everything.”
Ethereum has seen massive growth over the past few months in terms of the number of layer 2 networks, with ZK rollups released by Polygon and Matter Labs.
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Ethereum is set later this year to undergo a major upgrade known as Dencun that will include a technical feature known as proto-danksharding, aiming to help make rollups cheaper.
Crypto wallet security
The second component, wallet security, involves moving all users’ wallets over to smart contract wallets. Buterin argues that this is necessary so that users are comfortable with storing their cryptocurrency payments and data on-chain; otherwise, they may move to centralized entities.
Buterin also suggests that the final component, privacy, is crucial; otherwise, “Ethereum fails,” as users will have all their on-chain activity visible to the public.
“It’s not just features of the protocol that need to improve; in some cases, the way we interact with Ethereum needs to change pretty fundamentally, requiring deep changes from applications and wallets,” Buterin writes.
Read more: Ethereum’s Buterin Proposes ‘Stealth Addresses’ to Enhance Privacy Protections
Edited by Bradley Keoun.