Vitalik Buterin, the creator of Ethereum, has achieved a major milestone on his roadmap diagram with the successful rollout of EIP-4844. This new development marks an important step towards achieving scalability and increased performance for Ethereum.
Known as “basic rollup scaling”, this technology allows developers to create smart contracts that are more efficient and secure than ever before. By taking off some of its training wheels (at least at stages 0 through 2), it is now possible to scale up transactions while still providing robust security measures. This will enable faster transaction times while also reducing costs associated with running dApps on Ethereum’s blockchain network.
The implementation of basic rollups is just one part of Vitalik’s overall plan for improving scalability and performance within the ecosystem – something he has been working hard on since launching his original roadmap. With this latest breakthrough, we can expect further developments from Vitalik soon that will bring even greater improvements to how applications run on top of Ethereum’s blockchain platform.
What are you bullish on for 2023?— Balaji (@balajis) December 31, 2022
Overall , these advancements show us how far we have come from when Vitalik first began developing his vision for a decentralized future . We look forward to seeing what other milestones he reaches as he continues down his path towards building a better world powered by distributed ledger technologies like those found in cryptocurrency networks such as Bitcoin or Etheruem itself!
Stay tuned to Cointopper.