Vitalik Buterin posts new roadmap for Ethereum with a focus on L2 scaling, smart wallets and privacy

Vitalik Buterin posts new roadmap for Ethereum with a focus on L2 scaling, smart wallets and privacy Ethereum Ether ETH

- Ethereum co-founder Vitalik Buterin posted a new roadmap on Friday entitled “The Three Transitions,” which lays out the development he expects to occur on the world’s top smart contract platform over the next few years.

Without the L2 scalability transition, “Ethereum fails because each transaction costs $3.75 , and every product aiming for the mass market inevitably forgets about the chain and adopts centralized workarounds for everything,” Buterin said. While these transitions are “crucial,” Buterin said they pose a significant challenge due to the “intense coordination” required to properly resolve them. “It's not just features of the protocol that need to improve; in some cases, the way that we interact with Ethereum needs to change pretty fundamentally, requiring deep changes from applications and wallets,” he said.

Buterin provided an in-depth analysis and explanation for each of the three proposals in the blog, covering the positive developments that have been made thus far, elaborating on the challenges that remain, and offering suggestions for how they can be addressed moving forward.

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