In this article, we will walk you through the Ethereum development timeline. Let's dig in.
Ethereum Development Timeline: The Five Stages of Ethereum Development
The five stages of development are "The Merge," "The Surge," "The Verge," "The Purge," and "The Splurge," according to Vitalik Buterin, co-founder of Ethereum.
The Beacon Chain and Ethereum's current blockchain (the execution layer) will "merge" during The Merge (the consensus layer). In other words, it will switch Ethereum's proof-of-work consensus process to proof-of-stake.
The action is expected to decrease Ethereum's net issuance while cutting its power consumption by 99%. In fact, a lot of people anticipate that ETH issuance will become net negative, giving it the moniker "ultrasound money."
After an ecosystem developer said that the Merge upgrade might go live on September 19th, the asset increased this month. Vitalik has stated that testing for the Merge is now 90% complete and that Ethereum will be about 55% complete following its implementation.
Next comes “The Surge” – the phase that will bring sharding to the Ethereum blockchain. Sharding is a scaling solution that breaks Ethereum into separate partitions or “shards” to spread out the network's computational load. This upgrade is planned for 2023, and will roughly bring Ethereum to 80% completion based on Vitalik's expectations in January.
The Verge, Purge, and Splurge
The introduction of "verkle trees" comes next, which is referred to as "The Verge." This update optimizes data storage for Ethereum nodes using a "powerful upgrade to Merkle proofs." As it permits more blockchain transactions while keeping the blockchain decentralized, It will also help Ethereum scale.
A similar upgrade for validators' data storage is "The Purge" (aka future ETH stakers). The amount of hard disc space needed for validators like "historical data" and "bad debt" will be decreased, simplifying storage and lessening network congestion.
After the previous four stages are finished, "The Splurge," a series of "miscellaneous" upgrades, will be done to make sure the network continues to function properly.
Hopefully, reading this article, "Ethereum Development Timeline: The Five Stages of Ethereum Development," can help you to understand it better.
