Co-founder of Ethereum Vitalik Buterin published a roadmap, in which he noted the three main directions for the sustainable development of the second-largest cryptocurrency by market capitalisation.
He highlighted three components that play a key role in preserving Ethereum’s decentralisation and permissionless properties:
- L2-scaling;
- enhancing wallet security;
- data privacy.
Buterin emphasised the importance of the first component — without it, Ethereum fees would rise during bull markets. As a result, users would migrate to centralized alternatives.
Regarding the second point, Vitalik Buterin stated that, due to potential security concerns, market participants may attach less importance to non-custodial storage of assets.
“Without the second [wallet security], Ethereum suffers a setback, because users find it inconvenient to store their funds and non-financial assets — everyone is moving to centralized exchanges,” he noted.
He proposed using smart-contract-based wallets with advanced features such as ‘social’ recovery.
Buterin also emphasised the importance of the third point. In his view, without robust privacy measures, users may abandon using Ethereum. The latter could be prevented by the deployment of protocols with the concept of hidden addresses.
Earlier, Vitalik Buterin introduced a roadmap focusing on scaling through zk-Rollups.