According to the Ethereum co-founder, the blockchain project is now in the middle of a protracted process that will eventually make it more resilient in a variety of ways.
Vitalik Buterin said that “fusion testing” is 90% complete. This refers to the process of ensuring that various software components can work together as intended.
Buterin also said that there were still some bugs left to squash, but that he expects them to be fixed soon. He added, “If you look at what we’ve been able to do in the last year and compare it to what we had before … it’s really impressive.”
The engineers working on Ethereum are now focusing on five long-term phases that have the goal of enhancing the capabilities of the network as a whole. According to him, the first thing that has to be tested is the Merge, which is already 90 percent finished and simply needs to be tested on Ropsten.
Buterin provided an update on the short-term and long-term development projects that are currently being worked on by the Ethereum development team at the annual conference that is now taking place.
The majority of the testing for the long-awaited transition of the protocol from PoW to PoS, which is scheduled to take place later on in this year, was mentioned by Ethereum’s co-founder as having been completed.
In point of fact, he said that the Merge simply requires validation on Ropsten, which is anticipated to take place “very soon.”
Recent news from CryptoPotato indicated that the 9th shadow fork has successfully gone live, which signified the beginning of the final experimental stages of the Merge. One of Ethereum’s primary engineers had said at the time that the event may take place as soon as September of this year. He was implying that it might occur earlier than that.
Buterin went on to say that if the Merge is successfully completed, validators will be free to begin withdrawing the ETH that they had previously secured in deposit contracts. In addition to this, he said that “after the Merge, you will be able to construct an Ethereum client that is completely oblivious to the fact that the proof of work phase ever occurred.”
According to Buterin, the next phase of the Ethereum roadmap is titled “the Surge,” and its primary objective will be to improve the scalability of the network in order to accommodate rollups by using sharding.
He said that once this roadmap is finished, Ethereum “would be able to handle 100,000 transactions per second,” which would be a substantial increase over the present rate of 15-20 transactions per second.