Ethereum Foundation outlines ambitious upgrades in new ‘Strawmap’
- Ethereum aims for near-instant transaction finality, reducing current times from approximately 16 minutes to between 6-16 seconds.
- The roadmap includes five key ambitions focusing on scalability, privacy, and quantum resistance.
- Layer-2 networks will evolve into specialized roles as base layer scaling improves, indicating a dual-track strategy.
- Native “shielded” transfers are proposed to enhance privacy for both individuals and businesses.
- A dedicated post-quantum cryptography team has been formed to secure Ethereum against future threats.
The Ethereum Foundation’s ‘Strawmap’ serves as a draft outlining potential upgrades through the end of the decade, emphasizing improvements in transaction speed and privacy features. These advancements aim to position Ethereum as the “internet of value.”
By targeting transaction finality in seconds and enhancing scalability, Ethereum seeks to solidify its role in decentralized finance and digital transactions.(Source)
