Ethereum, celebrating its 10th anniversary, has announced a long-term Lean Ethereum plan focused on enhancing security and scalability.
Announcement of the Lean Ethereum Plan
During its anniversary, Ethereum unveiled a 10-year plan emphasizing quantum resistance and an increase in network capacity to 10,000 transactions per second, leveraging Layer-2 solutions to achieve these goals.
Key Figures and Their Goals
Key figures such as Vitalik Buterin and Justin Drake are involved in implementing the plan, highlighting the importance of security and performance enhancement. Justin Drake stated, 'Lean Ethereum reframes the base layer around the imperatives of survivability against nation-state and quantum threats and orders-of-magnitude performance gains without sacrificing decentralization.'
Market Impact and Ethereum's Future
Following the announcement of the plan, there has been an increase in interest within the crypto community, with Ethereum's GitHub activity peaking post-announcement. Market analysis suggests potential positive impacts on ETH's valuation with rising institutional interest. Projections indicate possible Ethereum market capitalization reaching 30% of the total crypto market.
The Lean Ethereum plan aims to prepare the network for future technological challenges, incorporating quantum-resistant cryptography. These changes are expected to lead to radical decentralization and improved censorship resistance.
