38°C
Business & Finance Digital Money

Ethereum’s 2024 Roadmap

  • December 10, 2023
  • 2 min read
Ethereum’s 2024 Roadmap

In a recent disclosure, Ethereum (ETH) developers, as reported by Assad Jafri, a reporter at CryptoSlate, have unveiled an ambitious roadmap outlining the network’s trajectory for 2024. This roadmap, presented after their latest execution layer meeting on 8th December, introduces significant upgrades and innovative proposals that promise to shape the future of the Ethereum ecosystem.

One pivotal focus, as Jafri reports, is the impending deprecation of the Goerli testnet, set for a fork in early 2024. This strategic maneuver aligns with the plan to activate ‘Dencun‘ on the Ethereum network in January, marking a paradigm shift in technological capabilities.

Jafri further reports that the Dencun upgrade introduces ‘blob-carrying transactions,’ where ‘blobs’ (Binary Large Objects) aim to redefine how Ethereum handles data. By minimising the permanent storage of data on the Ethereum blockchain, transaction costs are anticipated to decrease, ushering in a more cost-effective era. This marks a crucial step towards ‘danksharding,’ a scaling solution breaking the network into smaller, parallel segments (shards).

In this comprehensive plan, a notable proposal, according to Jafri, empowers Execution Layer (EL) clients to counter potential censorship in the mempool, with Geth taking the lead in its implementation. Jafri also highlights a Meta Ethereum Improvement Proposal (EIP) for Dencun and a draft for a “Meta EIP backfill” as significant process updates, streamlining access to fork specifications and providing specifications for upgrades that lacked Meta EIPs.

Looking ahead, Jafri reports on the Ethereum community’s preparations for the Prague/Electra network upgrade. Notable proposals include EIP-6110, suggesting a new method for supplying validator deposits on-chain, replacing the older Eth1 bridge system. Future upgrades may involve Verkle Tries on the Execution Layer and Data Availability Sampling (DAS) on the Consensus Layer, prompting thorough technical reviews and discussions.

Active participation from the Ethereum community is encouraged to shape the network’s future through engagement in technical discussions and expressing preferences for potential features in upcoming upgrades through forums and GitHub threads.

Jafri underscores that client teams are poised to review these proposals, with in-depth discussions planned for January. This strategic development reflects the Ethereum developer community’s commitment to innovation and responsiveness to community feedback. Ethereum stands at the forefront of technological advancement, ready to break new ground in the blockchain landscape.

About Author

Emma Trehane

Leave a Reply

Your email address will not be published. Required fields are marked *