At the Devconnect event in Turkey, Vitalik Buterin presented a strategy aimed at improving the Ethereum staking mechanism and the performance of the entire blockchain.
The proposed plan involves the integration of private mempools and ERC-4337 functionality to effectively solve problems that impede the development of the network. According to Buterin, private mempools will be able to provide users with increased privacy and security, and will also allow private cryptocurrency transactions to be hidden from the attention of users of the public mempool. In turn, the functionality of ERC-4337 should simplify the use of multi-signature wallets on the network.
Another key aspect of Buterin’s new concept will be the integration of code pre-compilation functionality.
“By pre-processing certain code elements, this functionality can potentially improve the efficiency of deploying smart contracts on the Ethereum network, making their execution faster and more cost-effective,” explained Vitalik Buterin.
The Ethereum co-founder is concerned about the risks potentially leading to the centralization of liquid staking solutions for the Ethereum network, especially in light of the activity of companies such as Lido Finance. Therefore, he promises to strive to maintain decentralization processes, including maintaining liquidity when placing bets.
Earlier, lawyer and former Ethereum advisor Steven Nerayoff made another scandalous accusation against Vitalik Buterin. Stephen Nerayoff accused the co-founder of Ethereum of plagiarism and borrowing his ideas and inventions.