Why it’s not done and dusted after ‘The Merge’ for Ethereum

ambcrypto.com:

We know that the Ethereum Foundation has phased away ‘Eth2’ as it merged with Eth1 into a single chain. And as that happened, a crucial hard fork under ‘The Shanghai‘ is shaping Ethereum. But, what is the way ahead after the merge? In a recent interview, co-founder Vitalik Buterin explained the various elements of the Ethereum Roadmap.

“The first one was The Merge. The second is The Surge, which is sharding and some scalability things.”

And after the conclusion of the Merge, Buterin noted that all the accounts, contracts, and transactions will run on the PoS chain instead of PoW.

“We already have a network, we already have Kintsugi. Been running for six weeks now and the only and biggest thing I haven’t tested yet is optimistic sync.”

We know that the Ethereum Foundation was in the news recently after it announced the Kintsugi Merge Testnet in December. The main purpose of the testnet was to experiment and identify issues with post-merge Ethereum. And as the Ethereum Mainnet merges with the Beacon Chain, Buterin has highlighted more about the third stage under “The Verge.”

He explained that the stage is about the Verkle tree, a technology that makes it easier to verify the Ethereum chain and to run a node.

Source

Moving ahead, he added,

“The fourth is The Purge, which is to delete some historical things and some things in the protocol that we used before but are not needed now. Make the Ethereum protocol simpler.”

However, major upgrades of 2021 are turning out to be the backbone of the road ahead. Buterin recalled that the Berlin and London hard forks were the most important. As far as the London hard fork EIP-1559 upgrade is concerned, it not only focused on reducing transaction fees, it ended up accelerating the transaction