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Ethereum celebrates its tenth anniversary by launching the "Lean Plan": aiming for quantum resistance, a million TPS expansion, and 100% uptime, with ETH reserves surpassing 10 billion USD.
On the occasion of the tenth anniversary of Ethereum, the Ethereum Foundation has released a significant technical blueprint for the next decade - the "Ethereum Lean Plan". This plan aims to comprehensively enhance network performance, decentralization, and security, with core goals including resistance to quantum attacks, 100% network uptime assurance, and achieving 10K TPS and millions of TPS transaction processing capabilities through Layer1 and Layer2 solutions, setting a new benchmark for blockchain scalability solutions. Meanwhile, the foundation's strategic ETH reserve value has surpassed 10 billion USD.
Lean Plan Unveiled: A Decade Blueprint Aimed at Peak Performance and Security In the enthusiastic atmosphere celebrating the successful operation of the Ethereum network for its tenth anniversary, the nonprofit organization responsible for the network's development, the Ethereum Foundation, announced an ambitious long-term vision - "Ethereum Lean Plan." According to the official blog post, this plan will upgrade various aspects of the blockchain over the next decade, strengthening advantages and addressing shortcomings, with a commitment to achieving the ideal goals of better performance, stronger decentralization, and higher security.
Core Commitment: 100% Online with Quantum Threat Defense The Ethereum Foundation emphasizes that it will continue the 100% uptime record maintained since the launch of Ethereum. Upgrades in the next decade will enable Ethereum to withstand potential threats from quantum computers and risks brought by national-level conflicts, ensuring the network's resilience under any circumstances and providing an indestructible infrastructure guarantee for decentralized applications (DApp).
Short-term goal: L1 and L2 performance leap The blog post predicts a short-term performance improvement within the next 6-12 months. The foundation has explicitly planned to increase the transactions per second (TPS) of Layer 1 (main chain) to 10,000, while aiming to boost the TPS of Layer 2 (second layer chain) to an astonishing 1 million. This goal echoes Vitalik Buterin's proposal in June of this year to expand Ethereum's capacity by ten times within a year to optimize network metrics. In the process of enhancing scalability, the lean plan will incorporate key technologies such as real-time zero-knowledge virtual machines (zkVMs) and data availability sampling (DAS). The report notes that this plan also includes the implementation of full-chain verification in browsers and wallets, fully reflecting its 'lean' direction.
L1 Three-layer Architecture Comprehensive "Lean" Upgrade The Ethereum Lean Plan involves a series of significant upgrades to all three sub-layers of Layer 1 (Consensus Layer, Execution Layer, Data Availability Layer):
Post-Quantum Cryptography: Addressing Future Threats According to the plan, "Lean Cryptography" will become the solution for Ethereum to address the widespread application of SNARK technology and the potential threat of quantum computing to distributed ledgers. The proposal of this new vision comes at a time when Ethereum has passed a glorious decade of innovation and resilient development. The blog states: "After an extraordinary decade, 'Lean Ethereum' is a generational commitment: no matter what happens, ensure Ethereum remains online; achieve scalability without compromise; make it worthy of future users."
On the occasion of the tenth anniversary: ETH strategic reserves soar In the enthusiastic atmosphere of the tenth anniversary celebration, the strategic ETH reserve value of the Ethereum Foundation has soared to $10 billion (based on the price at the time of publication). The total amount of ETH held by institutions has also surged to 2.73 million. As of the time of publication, the trading price of ETH is $3,740, achieving an astonishing increase of 55% over the past month.
Conclusion: The release of the Ethereum Lean Program marks a new era for this leading smart contract platform as it strives for ultimate efficiency, security, and scalability. In the face of future challenges such as quantum computing and the demand for millions of users, Ethereum is laying a solid foundation for the next decade of the Web3 ecosystem through systematic underlying innovations. Its billion-dollar reserves also provide strong support for long-term development. Whether it can achieve the technical holy grail of "100% online" and "million TPS" remains to be seen by the global crypto community.