The Ethereum co-founder shared the updated roadmap of the Ethereum ( ETH) project, to make Ethereum an efficient & secure network on Pos consensus.
Ethereum is the biggest smartcontract-enabled blockchain network, which is now running on Proof-of-stake (PoS) consensus. Initially, the Ethereum blockchain was launched on the Proof-of-Work (PoW) model but due to inefficiency & high energy consumption by the PoW model, Developers shifted the ETH network to PoS, on 15 September of this year.
On 6 November, Vitalik Buterin, co-founder of the Ethereum blockchain, shared an updated roadmap of the Ethereum blockchain ecosystem development work.
Vitalik mentioned the next five names of major development works, which are THE Surge, THE Scourge, THE Verge, THE Purge & THE Splurge.
The Ethereum co-founder said that the completion of all these works will make the Ethereum network highly efficient & secured from quantum computing attacks.
PoS centralised nature & Quantum Computing attack
Perhaps PoS is a more efficient & faster consensus model over PoS consensus but still, crypto proponents & blockchain tech experts believe that the PoW model remains better over PoS because the nature of the PoS consensus based networks always remain more decentralised.
PoS & PoW both models may face issues at their level because of the emerging technologies with quantum computing devices.
Few experts say that Quantum Computers or devices are still far from reality but still, there are chances that we will see a future where quantum computers will be a common thing in the hands of tech companies and can be misused.
Tech experts believe that Quantum Computers can extract private keys from the public key of blockchain networks and further it will result in a very big downfall of the decentralised financial world.