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November 25, 2024 · 4 min · SQD Team

The road ahead for Ethereum

Ethereum Layer 2 Blockchain
The road ahead for Ethereum

During Devcon, Ethereum developers discussed competing visions for the network’s future. Rather than unified consensus, two distinct proposals emerged presenting different technical directions.

Ethereum 3.0 / Beam Chain Proposal

Ethereum researcher Justin Drake proposed accelerating consensus layer upgrades through a new “beam chain.” This approach would bundle multiple improvements into a single overhaul rather than incremental annual forks.

Key features:

  • Reduce validator staking requirements from 32 ETH to 1 ETH
  • Shorten block proposal time from 12 seconds
  • Implement “snarkification” (real-time zero-knowledge proving)
  • Add quantum-resistant hash functions through aggregatable signatures

Drake frames this as acceleration of existing roadmap items, not fundamental departure. As Joe Lubin noted, this convergence around zkEVMs will allow the ecosystem to look like a coherent ensemble.

Alternative: Native Ethereum Layer 2s

Gnosis founder Martin Koppelmann countered that consensus upgrades alone are insufficient. His proposal emphasizes native, zk-proven EVM-equivalent rollups directly anchored to Ethereum’s security.

Core arguments:

  • Current Layer 2s act parasitically, capturing value without contributing
  • Native rollups eliminate centralized sequencer risks
  • Multiple instances (approximately 128) would achieve near-sharding scalability
  • Maintains Ethereum L1 relevance and composability

Koppelmann highlighted concerns that independent Layer 2s operated by companies could eventually impose fees once sufficiently entrenched.

Impact on Developers

Both proposals offer distinct tradeoffs. Faster finality improves user experience but increases query frequency demands. Native rollups provide stronger composability and synchronous cross-rollup operations while maintaining EVM compatibility.

Both directions remain proposals under community consideration, with no immediate implementation timeline expected.

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