What are the long-terms goals for the Ethereum blockchain? Vitalik Buterin explains live at EthCC

Vitalik Buterin (co-founder of Ethereum) shared his long-term vision live from the annual Ethereum Community Conference in Paris on Thursday. According to Buterin, Ethereum is at an inflection, or period with rapid change, right now before the ecosystem’s capabilities will finally settle down.

The primary goal of Ethereum at the moment is to build an easy-to use light client for execution layer, consensus layer and layer-two solutions. Next, better support for home-stakers and those who want to validate network transactions when Ethereum becomes a proof-of–stake blockchain. However, they do not have the required 32 Ether. Buterin also believes that Ethereum should eventually be able to run on a fully functioning node using lighter hardware.

Buterin intends to upgrade Ethereum with more cryptographic technology, possibly for quantum resistance, and further integrate with zero-knowledge Ethereum Virtual Machines (zk-EVMs) should they be successful. Buterin says, “We must also keep an open mind.” “We don’t know what 2032 will require.”

The Ethereum co-founder shared his doubts about some other potential opportunities. These include adding support to multiple, complex virtual machine, becoming too comfortable using blackbox technologies like zk-SNARKs or making the protocol so complex that it is difficult for anyone not trained in the field to understand. The “Merge” proof-of-stake conversion of Ethereum is nearing completion. Although it has been over two years in development, some developers remain skeptical about the safety of this transition.

Vitalik Buterin speaks at EthCCSource: Cointelegraph Events Manager Maria A.


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