The Ethereum Ecosystem The What’s And The When?

The Ethereum co-founder and developer speaks after the successful completion of merge of the smart contract from a POW consensus to a POS consensus system, on the reason where the smart contract platform should be sustainable in a long term.

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In a podcast Vitalik Buterin makes highlight of two major things which it sees as priority for ethereum which is the successful merge and the proof of stake. In he’s words he said that;

“I think there are two big priorities. One of the priorities is to get scaling figured out. And I mean that at all layers of the ecosystem, like getting the Ethereum protocol fully roll-up ready, which includes things like prototank sharding, getting roll-ups themselves to be fully ready for users, getting applications on top of them, getting good bridge infrastructure between them, getting all the wallets to support them… Not just helping the transition to a fully roll-up-centric Ethereum complete.

Then, the other one is a transition from Ethereum being in rapid developing fire fighting mode to Ethereum being in stability mode. I think it’s a transition that has to happen and I do think that to some extent it’s an inevitable transition because as the ecosystem grows, the cost of changing things increases, and then there starts being all these regulatory concerns and lots of existing stakeholders…”

With the short time frame, the Vitalik says that the merge has being of betterment of Ethereum developers in achieving big protocol changes and the community will be able to deal with things practically and sensibly.

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