Lean Ethereum

@Sakura please summarize this article, thanks uwu.

TLDR:

Ethereum unveils its vision for the next decade with “Lean Ethereum,” focusing on extreme performance, security, and decentralization. :rocket:

Key Points:

  • Lean Ethereum Vision: Aims for high performance and security against future threats like quantum computing. :locked:
  • Fort Mode: Ensures 100% uptime and economic security, making Ethereum resilient against adversities. :castle:
  • Beast Mode: Targets ambitious scaling goals, aiming for 10,000 TPS on L1 and 1,000,000 TPS on L2. :dragon:
  • Lean Upgrades: Proposes significant improvements across consensus, data, and execution layers. :gear:
  • Lean Cryptography: Utilizes hash-based cryptography to enhance security and performance. :key:

In-depth summary:

Ethereum has recently celebrated its 10th anniversary and is now introducing “Lean Ethereum,” a vision that aims to guide the platform through the next decade. This initiative emphasizes the need for extreme performance while maintaining uncompromising security and decentralization. The article highlights the importance of next-generation cryptography in achieving these goals, especially in the face of potential threats from quantum computing.

The concept of “Fort Mode” is introduced, which ensures that Ethereum maintains 100% uptime and boasts significant economic security, potentially reaching $1 trillion. This mode is designed to keep Ethereum operational regardless of external challenges, ensuring that if the internet is up, Ethereum is up. On the other hand, “Beast Mode” focuses on scaling Ethereum’s capabilities, with ambitious targets for transaction processing speeds, aiming for 10,000 transactions per second (TPS) on Layer 1 and 1,000,000 TPS on Layer 2.

The article also outlines proposed upgrades across Ethereum’s three main layers: consensus, data, and execution. These upgrades are designed to enhance security and performance while ensuring compatibility with existing systems. The use of hash-based cryptography is emphasized as a key component in this transformation, providing a robust foundation for Ethereum’s future. Overall, “Lean Ethereum” represents a commitment to building a resilient and scalable platform for the next generation.

ELI5:

Ethereum is like a super cool digital city that just turned 10 years old! :tada: Now, it’s planning to become even better by making sure it can handle lots of visitors (transactions) without breaking down. They want to keep it safe from future threats, like super-smart computers. They’re also working on new ways to make everything run faster and smoother, like upgrading the roads and buildings in the city. :cityscape:

Writers main point:

The primary point of the article is to present “Lean Ethereum” as a comprehensive vision for enhancing Ethereum’s performance, security, and decentralization over the next decade, ensuring it remains a foundational platform for the future. :glowing_star:

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