The final chapter of Ethereum's six-step roadmap: The Splurge

The future of Ethereum is not just a concept, but a rigorous six-step roadmap, with the final step being the eye-catching 'Splurge'. This phase is not only the culmination of optimization but also signifies a perfect conclusion for the entire Ethereum network. Vitalik Buterin and his team respond to the rapid development of the cryptocurrency industry through continuous innovation, ensuring Ethereum maintains its position as an industry pioneer.

What is The Splurge?

In simple terms, The Splurge, as the 'completion version' of the six-step roadmap, mainly addresses the issues not covered by the first five upgrades, ensuring that Ethereum's technical architecture can reach a more stable 'end state'. Its core goals include:

  • The ultimate optimization of EVM (Ethereum Virtual Machine): Ensuring that Ethereum's core computing engine EVM is more efficient and stable.

  • Account Abstraction: Allowing users to set their own wallet rules, achieving 'free' or sponsored transaction fees, enhancing transaction security and convenience.

  • Enhancing the economy of transaction fees: Improving fee structures to increase network scalability and reduce usage risks.

  • Cutting-edge cryptographic research: Introducing technologies such as obfuscation and one-time signatures to enhance Ethereum's security and privacy protection.

The Splurge is not only a technical upgrade but also an important step for Ethereum to build its future, connecting a wide range of cryptocurrency communities with the development prospects of future technologies.

Key technology interpretation of The Splurge

1. EVM Improvement: Introducing EVM Object Format (EOF)

The EVM is the core of Ethereum, responsible for processing smart contracts. However, the current EVM architecture needs reform. EOF will be introduced for the first time in the next hard fork, optimizing code execution efficiency and enhancing Layer 2 performance. The design of EOF helps EVM achieve support for high-level languages, making operations more convenient for developers. Vitalik's vision for EVM improvements reflects a thoughtful contemplation of the future evolution path of EVM, providing developers and users with a more flexible and efficient smart contract platform.

2. Optimization of transaction fee model: Improving EIP-1559

Since its launch in 2021, EIP-1559 has controlled Ethereum's supply by burning part of the transaction fees, but there is still room for improvement. The multi-dimensional gas model is a new direction proposed by Vitalik, aimed at making the calculation of transaction fees more flexible, allowing users to enjoy lower fees during periods of lower network pressure. This not only enhances user experience but also promotes the long-term sustainability of the Ethereum network.

3. Verifiable Delay Function (VDF): The security guard of blockchain

VDF protects blocks from manipulation through delayed computation processes. In simple terms, VDF requires information to be processed in order, avoiding the possibility of cheating that comes with parallel processing. This technology has become an important pillar of Ethereum in proposer selection and consensus mechanisms, bringing higher resilience to attacks and ensuring decentralization.

The future of cryptography: Towards ultimate security

During the The Splurge phase, the Ethereum team is researching obfuscation technology and one-time signatures. These technologies aim to further enhance the privacy and security of the blockchain.

  • Obfuscation and Quantum One-Time Signatures: Vitalik's goal is to create an immutable virtual computer. Obfuscation technology, through complex encryption, prevents malicious attackers from easily interpreting or manipulating smart contracts, while quantum one-time signatures represent a cutting-edge protection in the era of quantum computing.

  • ZK-SNARKS and FHE: Ethereum has widely adopted zero-knowledge proof (ZK-SNARKS) technology, but it still faces scalability bottlenecks. Therefore, introducing indistinguishable obfuscation and quantum one-time signatures may achieve more powerful encryption features in the future, ensuring privacy and security on the chain.

Account Abstraction (AA): Breaking down the barriers between accounts and contracts

Since its proposal in 2015, the goal of AA has gradually expanded to allow users to customize wallet rules, even permitting the use of ERC-20 tokens to pay transaction fees. The introduction of AA not only enhances Ethereum's flexibility but also achieves a balance between security and convenience, holding great application value for future decentralized finance and Web3 applications.

The release of The Splurge signifies that Ethereum's six-step roadmap is nearing completion, ultimately leading to a mature, complete, and powerful ecosystem for the future. Vitalik and his team's forward-looking vision will elevate Ethereum to a new height, continuously driving the upgrade of the Ethereum ecosystem.

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