Ethereum is Halfway Towards its 'Grand Vision' - Vitalik Bute | NFT / BTC / DEFI News 📣
Ethereum is Halfway Towards its 'Grand Vision' - Vitalik Buterin.
Ethereum (ETH) co-founder Vitalik Buterin has evaluated Ethereum's progress towards its vision to become more scalable and secure while preserving decentralization, asserting that it is some 50% of the way there.
During an episode of the Bankless podcast, Buterin detailed that Ethereum's progress would reach 60% after the Merge, when the current Ethereum Mainnet "merges" with the beacon chain proof-of-stake (PoS) system, and would pass 80% once there is a full sharding implementation, which would split the network into multiple portions called 'shards.'
“I would say around 50 [%]. I’d be willing to go past 60 once the merge is fully complete, and I’d be willing to go past 80 once we have a full sharding implementation,” Buterin said when asked to grade the roadmap progress to date - towards what the podcast host David Hoffman described as "the grand Ethereum vision for what it wants to be."
In early December, when celebrating the proof-of-stake Beacon Chain's birthday, Buterin released "an updated roadmap diagram for where Ethereum protocol development is at and what's coming in what order."
As per the roadmap, the first stage is the Merge, which is projected to happen around May or June 2022 if the code is completed by February. This update will ‘merge’ the Beacon Chain into the mainnet and finalize the transition to PoS.
