Vitalik Buterin outlines next steps for Ethereum after Beacon Chain launch
432 reads 153 2020-12-12 04:48:52
Following the successful launch of Ethereum 2.0 — the first concrete step in building the next iteration of the protocol — Ethereum co-founder Vitalik Buterin published an updated roadmap of what comes next for the project.
The current development of Ethereum 2.0 is generally divided into phases. Phase 0 is the barebones Beacon Chain that enables staking but has no effect on the application layer. Phase 1 introduces sharding of data, increasing storage capabilities without directly influencing application performance. Finally, Phase 2 fully introduces transaction sharding and enables the promised thousands of transactions per second of throughput.
Buterin said in March that this roadmap template is a vision for the next five to 10 years. The updated version is more fluid and eliminates terms like “Phase 1” and “Phase 2” altogether. Defining features of each phase are now more independent from each other and incorporate work done for ethereum 1.x
Buterin’s roadmap encompasses all Ethereum developments to provide a detailed overview of what’s next for the platform, including approximate completion bars.