Ethereum Transaction in 4 Second ! !
Ethereum transitioned from a proof-of-work to a proof-of-stake consensus mechanism nearly two years ago, but its co-creator believes there is still room for improvement.
Though Vitalik Buterin believes Ethereumâs proof-of-stake implementation has âperformed remarkably wellâ in terms of stability, performance, and avoidance of centralization risks, he outlined what can still be improved in its technical design in a post on his personal website.
One problem that Buterin believes needs to be solved is the 15-minute block finalization time and the 32 ether requirement to be a staker. He claims that we would ideally finalize blocks in one slot â thereby reducing the 15-minute wait to 12 seconds â and allowing validators to stake with only one ether. The former goal would simplify the protocol and surrounding infrastructure, while the second would support solo stakers
Buterin also sees value in reducing Ethereumâs transaction confirmation times all the way down to roughly four seconds. âDoing this would significantly improve the user experience of both the L1 and based rollups while making DeFi protocols more efficient,â he wrote. Based rollups rely on Ethereum block builders for transaction sequencing.
Additionally, Ethereum's co-creator sees more research needed to recover from a potential 51% attack and increase the quorum threshold. Finally, quantum-resistance is also an issue that could come to the fore around 2030, according to some estimates. âThis has consequences across the entire $ETH roadmap,â Buterin said, adding: âThis justifies conservatism in the assumptions around performance of proof-of-stake designs, and also is a cause to be more proactive to develop quantum-resistant alternatives.â
