Vitalik Buterin Explained How ETH 2.0 Will Develop
Ethereum co-founder Vitalik Buterin, in a post titled “Endgame,” described his vision for the future of Eth2, increasing its scalability while adhering to high standards and resistance to censorship.
Buterin wrote that the average large blockchain, defined by a very high block rate, large block size and thousands of transactions per second, can still be considered quite unreliable and censorship-resistant.
Centralized block production could be a trade-off for this level of scalability, he said. To solve this problem, Buterin suggested introducing a “second level of stacking with low resource requirements” for validating distributed blocks:
In order for users to directly (and cheaply) verify the validity of a block, either fraud protection or ZK-SNARKS must be introduced. And to enable users to check the availability of blocks and add secondary transaction channels to prevent censorship, we can introduce a data availability sampling, he said.
According to Buterin, with these updates, block production on the chain will continue to be centralized, no matter which path the network takes to scalability, but the block validation will remain decentralized.
The excitement around Ethereum began to rise after the launch of a hard fork deployment that would make ETH a deflationary asset. The hard fork introduced the EIP-1559 protocol, which aims to reform the online fee market.