Ethereum co-founder Vitalik Buterin discusses potential upgrades to transform the network into a more scalable and efficient component of the Web3 ecosystem.
The transition from Proof of Work (PoW) to Proof of Stake (PoS) with the Merge upgrade has significantly reduced Ethereum's energy consumption while maintaining security and decentralization.
Buterin highlights the advantages of Ethereum's PoS model in terms of security, inclusivity, and network resilience.
Buterin also discusses Ethereum Layer 2 roll-up technologies, such as Optimistic Rollups and ZK Rollups, that enable faster and cheaper transactions while preserving decentralization.