What Does Vitalik Buterin Expect from Ethereum in 2023?

Ethereum co-founder Vitalik Buterin is setting ambitious goals for Ethereum in 2023, looking forward to achieving significant milestones with the upcoming upgrades.

What Does Vitalik Buterin Expect from Ethereum in 2023?

On December 31, Ethereum co-founder Vitalik Buterin shared his expectations for 2023, confirming that Ethereum Improvement Protocol EIP-4844 will be implemented this year. Originally planned to be integrated with the Shanghai upgrade in March 2023, the EIP-4844 hard fork has been rescheduled for this fall. This upgrade is designed to activate proto-danksharding, which aims to enhance throughput and reduce transaction fees on Ethereum’s Layer-2 rollups.

• Read more: Ethereum Adds 8 Proposals for Shanghai Upgrade

Responding to former Coinbase CTO Balaji Srinivasan's end-of-year reflections, Buterin expressed his desire to see Ethereum reach the “fundamental scalability milestone” outlined in the Ethereum roadmap updated post-The Merge.

Additionally, Ethereum’s trust model will unfold in three stages, based on the maturity of the technology:

• Stage 0: Requires all transactions to be conducted on-chain, allowing users to withdraw assets without relying on operators.
• Stage 1: Transactions must be verified using fraud proofs or validity proofs, accepted or rejected under the oversight of a security council.
• Stage 2: Requires two separate fraud proofs or validity proofs. If a transaction contains both types of proofs, the security council gains intervention rights. Without a validity proof within seven days, the security council will temporarily take control. Upgrades at this stage may experience delays exceeding 30 days.

In a previous post, Buterin also commented on the “bright future for crypto.” He believes the crypto space must address scalability, privacy, user experience, and the security of centralized service users.

He sees decentralized finance (DeFi) and payments as integral to this future, with new organizational models potentially supported by decentralized autonomous organizations (DAOs).

Recently, Buterin highlighted three major opportunities for crypto in the new year: widespread adoption of crypto wallets, the creation of inflation-resistant stablecoins, and increased popularity of applications built on the Ethereum platform.

Over the past month, Vitalik Buterin has consistently shared his insights on the market for 2023, remaining optimistic about Ethereum’s mission and the potential innovations across the industry. Earlier this month, he published a detailed essay on his ecosystem and the broader field.