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Vitalik Buterin Introduces “Endgame” for the Ethereum Network -Breaking

by Mike Robinson

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Vitalik Buterin Introduces “Endgame” for the Ethereum Network

After extending its December 2020 release date to 2021, Ethereum 2.0 (also known as Serenity) became the most anticipated network upgrade.

Vitalik Buterin (co-founder) of Ethereum has published the Endgame, a roadmap for the network, with the Ethereum (ETH), network upgrade and hardfork set to take place on the ETH mainnet at a block elevation of 13,773,000, or around December 9, 2021 (UTC).

Ethereum’s ‘Endgame’ is Here
The upcoming network upgrade will see the Ethereum network transition away from its current Proof-of-Work (PoW) algorithms – also used by – into the Proof-of-Stake (PoS) consensus algorithm.

The roadmap Buterin envision includes “a second tier of staking, with low resource requirements” to carry out distributed block validation.

The upcoming network upgrade will also introduce “either fraud-proof or ZK-SNARKS to let users directly (and cheaply) check block validity” directly. The feature, which is also cheaper than the traditional method of checking block validity for Ethereum networks, will provide an additional layer of security.

Buterin also outlines the introduction of “data availability sampling to let users check block availability [and] add secondary transaction channels to prevent censorship.”

To The Flipside

  • Endgame is a centralization of the Ethereum network that users are concerned about with the massive improvements.

These new features will allow for a much more robust Ethereum blockchain. Buterin is confident that Ethereum can achieve 10,000 transactions per minute with the upgrade, if it has enough hardware.

Buterin’s solutions, if implemented, also promise very high block frequency and high block size for the Ethereum network.

Why you should care

The condition of the blockchain is a major factor in network fees. Improved Ethereum network performance could spell the end of high transaction fees, which have been a problem for Ethereum since long.

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