Here is why Ethereum's bold new plan could make the blockchain giant high-speed 'internet of value' by 2029
Summary
Ethereum is at a crossroads, contemplating its future infrastructure direction as it approaches the end of the decade. The 'Strawmap' reveals the complexities behind this pivotal decision, highlighting the platform's evolving vision.
Key Insights
What is the 'Strawmap' in Ethereum's development plan?
The 'Strawmap' is a draft technical roadmap released by the Ethereum Foundation, serving as a coordination tool and visualized blueprint for Layer 1 upgrades through 2029, outlining seven forks on a roughly six-month cycle across consensus, data, and execution layers, guided by five key goals including fast L1 finality.
What does 'fast L1' mean and why is it a goal of the Strawmap?
'Fast L1' refers to accelerating Ethereum's Layer 1 base layer by reducing slot times and achieving finality in seconds (targeting 6-16 seconds, down from the current ~16 minutes), through phased upgrades like peer-to-peer networking improvements, erasure coding, and fewer attesters per slot to enable high-speed transactions.