Ethereum: Vitalik Buterin Wants to Redesign the Network

Joshua Ramos
Ethereum Founder Vitalik Buterin Discusses ETH Staking Changes
Source: Decrypt

One of the most important figures in the digital asset sector, Ethereum co-founder Vitalik Buterin has shared his intention to redesign the entire network. Indeed, Buterin spoke in Turkey where he discussed plans that would bring widespread changes to users across the network.

Moreover, Buterin had outlined an overall strategy that he would seek to employ for those changes. Specifically, they would target an enhancement to the staking of ETH, and performance issues that have occurred regarding addresses. The latter has notably been an issue for the network in years past.

Source: CoinDesk

Also Read: Vitalik Buterin Says He Hasn’t Sold Ethereum (EHT) Since 2018

Buterin Seeking to Implement Widespread Changes to Ethereum

Within the mainstream perception of digital assets, two tokens reign supreme. Specifically, Bitcoin (BTC) and Ethereum (ETH) have become staples for the industry. Subsequently, those connected to the assets have become some of its most important entities. Now, one of those individuals is set to bring forth massive changes to one network.

Speaking at Devconnect in Turkey, Ethereum co-founder Vitalik Buterin delved into his plans to redesign the network. Specifically, Wu Blockchain reported that the changes to the platform are connected to staking and performance concerns. Ultimately, any issues would have widespread changes in the user experience.

Also Read: Ethereum Founder Discusses ETH Staking Changes

The plans Buterin is seeking to set in motion include the integration of private mempools and ERC-4337. Indeed, the former would bring about greater security and privacy to the operating network. This would be done through the authorization of transactions without the intentions being displayed to the public mempool. therefore, they would be far less a target of potential exploits.

Subseuqnlety, ERC-4337 is related to account abstraction, and giving users more control over their own accounts. Therefore, things like multisig wallets become far easier to implement, and far more secure for users. Altogether, these plans are geared toward pushing the network forward and encouraging the protection of users across its operations.