Vitalik Buterin, co-founder of Ethereum – Credit: Shutterstock
The ethereum roadmap still includes many stepsincluding a new one update titled The scourge. The purpose of theupdate is to guarantee reliable transactions And right.
Vitalik Buterin recalled this summer: The Merge is just one step in modernizing the Ethereum network. It does not in any way mark the end of the technical projects to be carried out on the blockchain.
In fact, the co-founder of Ethereum specified that the network would be finalized at 55% after The Merge. Other major stages are to go through, including The Verge, and now too The scourge.
Transaction neutrality and VPD protection
Buterin shared on Twitter the Ethereum roadmap. There is therefore a new update cycle with the code name The scourge (Editor’s note: the scourge in French). Behind this uninviting title are various improvements. According to the roadmap, the goal is:
Ensure the inclusion of reliable and fair, credible and neutral transactions [et] troubleshoot the VPD [Maximum Extractable Value]”, summary Vitalik Buterin.
The MEVas the Ethereum Foundation explains, it is “the maximum value that can be extracted from the production of blocks in addition to the standard block reward and the gas commission by including, excluding and modifying the order of transactions in a block”.
The scourge it must therefore bring about changes in this area. But the update also aims to ensure the neutrality of transactions, ea prevent centralization. This risk was raised during the migration to proof-of-stake.
Too Powerful Ethereum Builders?
For Bitcoin supporters, it is in particular the use of proof-of-work and its network of miners that ensures the decentralization of the network. Concentrating Ethereum’s staking on a small number of players would question its decentralization.
To provide guarantees in terms of neutrality and decentralization, the developers therefore propose to integrate PBS or Propose Builder Separation. Constructors today have the function of ordering block transactions – then submitted to validators.
The Scourge is based on the principle of a division between the roles of building and proposing blocks on the blockchain. In a way, the power of the builders would be mitigated.
As noted Bloombergthe builder Flashbot transmits over 81% of blocks according to mevboost.org data. The power of the first Ethereum builder raises fears of abuse or monopoly on transaction fees.
But by delegating these block processing tasks to separate entities, Ethereum should also benefit from increased security, preventing MEV-related attacks.
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