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News Explorer — Vitalik Buterin Says Ethereum 'Fails' Without These Essential Upgrades

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Jun 9, 5:51 pm

Decrypt

Vitalik Buterin Says Ethereum 'Fails' Without These Essential Upgrades

Ethereum co-founder Vitalik Buterin has proposed three major transitions to help Ethereum expand its use, which include layer-2 scaling solutions, smart contract wallets, and greater privacy for fund transfers. These transitions are necessary to overcome the blockchain trilemma, which states that a blockchain can only achieve two of its three most important traits: decentralization, security, and scalability.

Ethereum co-founder Vitalik Buterin has proposed three major transitions to help Ethereum expand its use, which include layer-2 scaling solutions, smart contract wallets, and greater privacy for fund transfers. These transitions are necessary to overcome the blockchain trilemma, which states that a blockchain can only achieve two of its three most important traits: decentralization, security, and scalability.

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