Ethereum’s 2022 priorities include transfer of PoS, sharding and merging, and…

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Around the time the Ethereum com­mu­ni­ty was prepar­ing for the Altair upgrade, Vita­lik Buterin was giv­ing a speech at the Wanx­i­ang Blockchain Sum­mit. Buterin also took part in a pan­el dis­cus­sion, reveal­ing some insights into Ethereum’s roadmap.

From 2021 to 2022

Com­ing to Ethereum’s most notable achieve­ments in 2021, Buterin was quick to spec­i­fy the progress made with the Proof-of-Stake con­sen­sus mech­a­nism and capac­i­ty expansion.

Accord­ing to a tran­script released by a Chi­nese media source, he said,

“…they [Ethereum com­mu­ni­ty] are mak­ing a lot of efforts to inte­grate and merge with the cur­rent main chain, and will soon enter the test­ing phase.”

Buterin also had a lot to share about roll-ups. Point­ing out that roll-up projects had already launched, he claimed that par­tic­i­pants could deposit and with­draw mon­ey from the networks.

Remind­ing view­ers about scal­a­bil­i­ty, he also added,

“For exam­ple, a sin­gle Roll-up can achieve 10 times the expansion…”

Mean­while, Buterin believes that data shard­ing might come around in one or two years.

How­ev­er, what will be Ethereum’s pri­or­i­ties in 2022? Accord­ing to a state­ment made by Buterin,

“The first is the trans­fer of PoS, as well as shard­ing and merg­ing, and the trans­fer of the cur­rent Ethereum to the PoS chain. It will fur­ther expand the capac­i­ty so that peo­ple do not need to pay high trans­ac­tion fees when using the blockchain.”

Funding the ecosystem

Regard­ing the role of investors in the Ethereum ecosys­tem, Buterin stressed on the need for fund­ing dif­fer­ent projects. At the same time, he cau­tioned view­ers about those look­ing for quick gains before leav­ing. He revealed,

“I think we will return to VC in the future to release dif­fer­ent projects, so VC cer­tain­ly has its very impor­tant role and significance.”

Fur­ther­more, he admit­ted that he still thought VC is “indis­pens­able” in the blockchain.

On the ques­tion of the Ethereum Foun­da­tion, how­ev­er, Buterin insist­ed that it is locat­ed at the “edge” of the ecosys­tem and not the cen­ter. He explained,

“The role of the foun­da­tion in the ecol­o­gy is to moti­vate and encour­age more and more projects, while sub­si­diz­ing more and more projects.”

NFTs and sustenance

How does the Founder of Ethereum feel about NFTs? Buterin report­ed­ly said that these assets are devel­op­ing well and have val­ue. How­ev­er, he warned against assum­ing that NFTs are finan­cial­ly sus­tain­able in their present form.

He advised,

“…every­one should wait patient­ly so that we can real­ly see and under­stand what the NFT long-term sus­tain­able mar­ket should be like.”



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