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Ethereum Network to See Major Upgrades – Vitalik Buterin Shares Vision at Devcon 2024

  • 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.

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