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Vitalik Buterin Discusses His Predictions For 2023

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The co-founder of Ethereum, Vitalik Buterin, expressed optimism for the coming year, noting that rollup scaling had achieved a new benchmark in accordance with the Ethereum roadmap.

The Ethereum developer also announced that the Ethereum Improvement Protocol (EIP) 4884, which was dropped from the forthcoming Shanghai update package scheduled for March, will be reintroduced at some point in 2023.

Balaji Srinivasan, the former chief technology officer of Coinbase, asked people what they were bullish about in 2023 in a post on December 31. In response, Buterin stated he was looking forward to achieving the “basic rollup scaling” milestone as specified in the Ethereum roadmap.

He clarified that this referred to the implementation of the EIP-4884, The Surge-related Ethereum Improvement Proposal.

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In order to greatly improve layer-2 rollup scalability (The Surge) before the full implementation of the massive Sharding upgrade late next year, EIP-4884 was initially anticipated to be packaged with Shanghai.

According to a post made on the “Ethereum Magicians forum” on November 22, there are three stages of “trust models” based on how advanced a project’s technology is. He also stated that this would entail rollups “partially taking off training wheels, at least to stage 1.”

All transactions must be on-chain in Stage 0, which Buterin compares to having “complete training wheels,” and users must be able to withdraw their funds without the operator.

In order to accept or reject which transactions are permitted by the smart contract, stage 1 or “limited training wheels” must contain a transaction verification technique, such as a fraud proof or validity proof scheme, as well as an overriding security council to oversee the procedure.

In contrast, stage 2 has “no training wheels” and requires two distinct fraud provers, two distinct validity provers, or one of each. Upgrades are permitted at this stage, but must be completed within 30 days.

Don’t miss: Open Contradictions By Vitalik Buterin; Ethereum’s $1 Billion Founder

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