At the Ethereum Community Conference held in Paris, France, from July 19-21, 2022, Ethereum co-founder Vitalik Buterin outlined the road map that includes several upgrades to make the Ethereum Protocol more powerful, robust, secure, and a more decentralized system.
The much-anticipated Merge in which Ethereum will transition from a Proof-of-Work to a Proof-of-Stake Consensus is now scheduled in September 2022. According to Vitalik, after the September Merge, the Ethereum Protocol will only be about 55% complete and would hence undergo further upgrades, namely; the Surge, the Verge, the Purge, and the Spurge.
By the end of the road map, the Ethereum Protocol is expected to be more scalable, with the ability to process 100,000 transactions per second (tps). Currently, the Ethereum Network processes about 15-20 tps. In comparison, the Bitcoin Network currently processes about five tps whilst Visa processes on average 1,700 tps.
Vitalik Buterin informed the conference participants that...
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