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Vitalik Announces New Stage In Ethereum Plan

Vitalik Buterin, co-founders of Ethereum, just added a new stage to the technical roadmap for Ethereum. This new stage intends to strengthen the censorship resistance and decentralised capabilities of the Ethereum network.

Buterin published a Twitter post on November 5 in which he discussed the new plans for the Ethereum network. In the article, he announced “The Scourge” as part of an extended six-part technical roadmap.

Since Ethereum moved to a proof-of-stake (PoS) network on September 15, the cryptocurrency has been in its second stage, referred to as “The Surge,” with the objective of increasing the number of transactions processed per second to 100,000.

In the most recent version of the technological roadmap, “The Scourge” has been included as the new third stage. This stage will be followed by the three phases that were previously known: “The Verge,” “The Purge,” and “The Scourge” As stated in the Ethereum roadmap, the purpose of The Scourge is to “prevent centralization and other protocol issues from MEV” while still “ensuring reliable and credibly neutral transaction inclusion.”

Vitalik Buterin Tweet:

In light of the fact that miners on the Ethereum network have been known to misuse transactions for their personal benefit, the co-founder of Ethereum has issued a demand for a consensus layer that is more “credibly neutral.” Buterin has said in the past that a system must be credible in order to be considered impartial if it “does not bias for or against any particular persons.”

Miner Extractable Value (MEV) is created when a miner gets a head start on other players in the network and decides which transactions are to be included in a block and in what sequence. This gives the miner the ability to front-run other network members.

This enables miners to execute their transactions in front of arbitrage seekers or anybody else wanting to make a profit, since they are able to clone all successful deals from the mempool and carry them out. As a direct result of this, after The Merge, Ethereum has developed a reputation for having a greater degree of censorship and centralization.

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Reporter
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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