Ethereum co-founder, Vitalik Buterin, announced the next phase of Ethereum ecosystem development at the Ethereum Community Conference. Revealing that the long-awaited merge will only complete about 55% of Ethereum’s growth plan, Buterin released 4 other phases.
The Surge, Verge, Purge and Splurge phrases would allow Ethereum to process about 100,000 transactions per second.
The Plan After Ethereum Merge
Vitalik’s ambitious roadmap could mean higher scalability, speed, and decentralization for Ethereum. The long-awaited Ethereum merge changes Ethereum’s consensus mechanism from Proof-Of-Work to Proof-Of-Stake. This move will reduce ETH’s energy consumption by over 99%.
The Surge introduces sharding to the platform, a solution that largely increases speed and scalability. The Verge upgrades to smaller Merkle roots, which will improve storage and scalability. The Purge makes it easier for validators to store more data and reduce their bad debt. And lastly, the Splurge streamlines the process and ensures the success of the roadmap.
One of the concerns regarding Blockchains has been about the ability of quantum computers to cause security breaches. Ethereum plans to make its platform resistant to quantum attacks in the long run.
