Despite emphasizing various aspects, Buterin makes it clear that unfortunately the network of Ethereum it will have to operate with a centralized production of blocks, although they would try to make their processing decentralized.
Vitalik Buterin, co-founder and lead developer of the network of Ethereum, presented what would come to do with his version of the roadmap designed for the next version of the project, better known as Ethereum 2.0.
Buterin’s proposal for Ethereum 2.0
Buterin’s revelation was made public in a post published on his official website, where he elaborated on a series of important aspects for the future of the project, emphasizing the freedom that the network would offer so that people can support mining activities. although without addressing as such the centralization problems that this would entail.
The publication in question, titled “Endgame”, describes some solutions that could be implemented to address certain aspects, among which the following stand out
- Implement a second level of participation with low requirements in terms of resources, this to perform a validation of blocks in a distributed way.
- Add anti-fraud tests “ZK-SNARKS”, for users to verify the validity of a block.
- Introduce data availability sampling so that users can verify block availability.
- And lastly, add secondary transaction channels to avoid censorship.
Following these steps, Buterin indicated that although the operation of the network would still be centralized, the validation of blocks would be highly decentralized, guaranteeing the freedom it offers. Ethereum by implementing mechanisms to avoid censorship by those who perform these tasks.
Centralization in the production of blocks
Regarding the centralized nature of block production, the developer claimed that this would unfortunately not change even if solutions such as Rollups were implemented, which would alleviate scalability problems, but would not address this aspect.
In this regard, he commented:
“No rollup manages to keep close to the majority of Ethereum activity. Instead, they all peak at a few hundred transactions per second. “
And I add:
“It looks like we could have it all: decentralized validation, robust censorship resistance, and even distributed block production, because the cumulative packages are all invididically small and it’s very easy to start producing blocks. But the decentralization of block production may not last, due to the possibility of cross-domain MEVs. There are a number of benefits to being able to build the next block on many domains at the same time: you can create blocks that use arbitrage opportunities that are based on trading in two stacks, or one stack and the main chain, or even more. complex combinations ”.
The path to Ethereum 2.0
Although for Buterin the route that the project should follow from the technological point of view is clear, from outside the enthusiasm for the arrival of Ethereum 2.0, especially in light of the boom that other networks are gaining that address the cost and scalability issues present in the original project.
Although Ethereum has recently received updates to improve its operational performance, scalability and high cost of operations remain a major issue. However, EIP-1559 brought with it a scheme to destroy ETH linked to network commissions, which has begun to endow the currency with deflationary properties taking into account that the amount of Ether that is burning than the one that is being produced.
While this is happening, the development teams continue to work so that the next phase of Ethereum 2.0 is out as soon as possible. Analysts and enthusiasts hope to see this materialize by 2022, at least to a functional point where the network can already be used for many of the use cases known today.
Version by Angel Di Matteo / Daily bitcoin
Picture of Nicole.Design for Daily bitcoin