Key highlights:
- Ethereum co-founder Vitalik Buterin has published a proposal to make Ethereum an “extremely lean chain.”
- The core plan involves the radical slash of state requirements and offloading the bulk of bookkeeping burden to individual validators
- Buterin is eyeing a four-year roadmap for the third iteration of Ethereum to overhaul every component of the network
Barely a day after unveiling the roadmap for Lean Ethereum, Vitalik Buterin has published a new proposal to strip down the network’s proof-of-stake consensus layer. Dubbed the “Extremely Lean Chain,” the
According to Buterin, Lean Ethereum will replace almost every piece of the protocol, teeing up the network for a quantum-resistant future. Lean Ethereum will replace everything quantum-vulnerable with quantum-safe alternatives while prioritizing privacy as a “first-class goal.”
As part of the upgrades, the network will reduce computational overhead for verification by turning to recursive STARKS while introducing multidimensional gas pricing as part of a consensus overhaul.
The incoming changes come amid a wave of emerging independent research and development organizations angling to support the Ethereum ecosystem. Last month, Ethlabs and Ethereum Institutional launched with major ecosystem backing on the heels of a shrinking Ethereum Foundation.
In its defense, the Ethereum Foundation disclosed that it is transitioning into a leaner organization while actively decentralizing its power. In June, the organization slashed its budget by 40% and laid off around 20% of its employees.
Source:: Vitalik Buterin Unveils "Extremely Lean Chain" Vision for Ethereum Consensus