As the Ethereum community was preparing to upgrade Altair, Vitalik Buterin was speaking 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 point out 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 or they [Ethereum community] are making a lot of effort to integrate and merge with the current mainchain, and will enter the testing phase soon.
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 of scalability, he also added:
“For example, a single Roll-up can achieve 10 times the expansion…”
Meanwhile, Buterin believes data sharing could happen in a year or two.
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 the sharding and merger, 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.”
Financing the ecosystem
Regarding the role of investors in the Ethereum ecosystem, Buterin highlighted the need to fund different projects. At the same time, he cautioned viewers about those looking for quick gains before leaving. He revealed,
“I think we will come back to VC in the future to publish different projects, so VC certainly has its very important role and meaning.”
Furthermore, he admitted that he still thought VC is “indispensable” in the blockchain.
On the issue of the Ethereum Foundation, however, Buterin insisted that it sits at the “edge” of the ecosystem, not at 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.”
TVN and food
What does Ethereum’s founder think about NFTs? Buterin is said to have said that these assets are growing well and are of 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 long-term sustainable NFT market should look like.”
