Vitalik Buterin, one of the co founders of Ethereum, spilled the tea on how the network could transform after the Hegota fork and why it is shifting into a cryptographic world computer instead of a regular old blockchain.
What Changes After Hegotá 🖤
He kicked things off by comparing Ethereum future vibes with the old school Bitcoin way where everyone just downloads and re runs every transaction fr. But rn he sees big shifts coming as advanced cryptography takes over with zero knowledge proofs playing a huge role by 2030. By then verification will lean on PeerDAS for sampling data checks plus SNARKs so the network verifies tons of computation without repeating it all ✨. Consensus already ditched proof of work for proof of stake and is moving to an even smoother version while block production might involve multiple participants instead of one lone builder 🦇. Upgrades like FOCIL EIP 8288 Lean consensus and mempool tweaks will make everything rely more on proofs and distributed stuff 🔮. State management gets tricky too since Ethereum must handle way more data without forcing full work on every node. Devs will build apps that break computation into smaller pieces rather than one giant transaction lol.
Market Vibes Check 💀
ETH just reclaimed its 200 day moving average but got rejected near 2800 last week which some analysts call a big hurdle 🕸️. It is trading around 2700 right now down about 2.5 percent in 24 hours yet still up 5 percent over 14 days. That is wild since it sits 34 percent lower than a year ago and 47 percent below its all time high near 4950 🌙.
Check the full thoughts here.
Just another echo from the void by iconofsin.eth 💖
