Vitalik Buterin says The Merge is only 55% of the Ethereum development

says The Merge is only 55% of the Ethereum development

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[{"selector":"#anim-b7484c86-aed1-4f94-a461-7085c21404a7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a9728cba-d06f-4c36-98ba-7f84a27f58dd","keyframes":{"transform":["translate3d(-122.62443%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65f70636-0dd6-49a1-bd0f-c2630880cc75","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ae45307b-b6c2-41a7-9660-614fbe24b224","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Vitalik Buterin, the mastermind of the Ethereum blockchain, says Ethereum development is only 55% complete after The Merge. He attended the EthCC conference on July 21, 2022, where he detailed where Ethereum stands in the market as of now.

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“The difference between bitcoin and Ethereum is that Bitcoiners consider Bitcoin to be 80% complete, but Ethereans consider Ethereum to be 40% complete,” he said.

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[{"selector":"#anim-f394d1ec-c945-4974-bc99-4881a4c0558f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c667c5f1-6115-46e2-a0cd-536aada1107f","keyframes":{"transform":["translate3d(0px, -100.0463%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3240ed29-ca05-479f-84d5-607098340ff3","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-480900dc-59df-4c67-8f48-d8382b74acd7","keyframes":{"transform":["translate3d(-115.48388%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Merge this year is the first out of five stages for the evolution of Ethereum. This means after the merge, the surge, the verge, the purge, and finally, the splurge will happen.

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Furthermore, Buterin also shared that the blockchain is looking for ways to improve its scalability and decentralized model and to increase its capability and decrease complexity in the coming years.

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For the verge, Buterin shared that Ethereum will develop Layer 1 for “security and dependability” and Layer 2 to enhance “rapid iteration and action.”

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says The Merge is only 55% of the Ethereum development

VITALIK BUTERIN

VITALIK BUTERIN

“The difference between bitcoin and Ethereum is that Bitcoiners consider Bitcoin to be 80% complete, but Ethereans consider Ethereum to be 40% complete,” he said.

Furthermore, Buterin also shared that the blockchain is looking for ways to improve its scalability and decentralized model and to increase its capability and decrease complexity in the coming years.

For the verge, Buterin shared that Ethereum will develop Layer 1 for “security and dependability” and Layer 2 to enhance “rapid iteration and action.”