Ethereum
Vitalik Buterin Breaks Silence on Ethereum’s 9th Birthday
Today, July 30, marks nine years since the main network of Ethereum (ETH) was launched. Many enthusiasts celebrate this day as the birthday of one of the largest blockchains.
Nine years later, Ethereum is the largest altcoin on the market and the second largest cryptocurrency after Bitcoin. Currently, the market cap of ETH, the network’s native currency, stands at $401 million. The total value locked in the blockchain is approaching $60 billion.
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So, on this very day in 2015, former Ethereum Foundation COO Stephan Tual shared a blog post formalizing the network’s rollout. In his post, Tual wrote about his vision of a world computer, which would be programmable and censorship-proof.
Today, however, it was Vitalik Buterinthe founder of Ethereumwho shared his post. So, Buterin congratulated Ethereum on its 9th birthday and said he looks forward to seeing what the next decade will bring.
What’s next for Ethereum (ETH)?
Ethereum continues its development in full accordance with its roadmap. After a series of upgrades and implementations of proposals, the blockchain is on track for the next steps.
Next up are the Verge and Purge upgrades. The former will introduce Verkle trees, which will allow us to run stateless clients and reduce the cost of running a node. This change should increase the layer 1 gas limit tenfold, making transactions cheaper.
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The goal is to simplify the Ethereum Virtual Machine by removing some features. This will make the EVM more efficient.