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<p class="is-style-lead">Ethereum co-founder Vitalik Buterin has released an updated roadmap for the network’s plans in 2024.</p>
<p>Buterin shared the roadmap on Dec. 30 in a series of posts on X, where he confirmed it will only include minor changes from the previous year.</p>
<p>The six main focuses for Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) in 2024, as outlined by Buterin, include the merge, the Surge, the Scourge, the Verge, the Purge, and the Splurge.</p>
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   <p lang="en" dir="ltr">By popular demand, an updated roadmap diagram for 2023! <a href="https://t.co/oxo58A2KuG" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/oxo58A2KuG</a></p>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1741190491578810445?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 30, 2023</a>
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<p>The Merge, a major element of the roadmap, aims to maintain a straightforward and robust <a href="https://www.forbes.com/advisor/investing/cryptocurrency/proof-of-stake/" target="_blank" data-type="link" data-id="https://www.forbes.com/advisor/investing/cryptocurrency/proof-of-stake/" rel="noopener noreferrer nofollow">proof-of-stake</a> (PoS) consensus. This element was highlighted in 2022 when it led to the integration of the Ethereum mainnet and the Beacon Chain proof-of-stake blockchain.</p>
<p>Following this integration, Ethereum transitioned from a power-intensive <a href="https://crypto.news/learn/what-is-proof-of-work/" target="_blank" rel="noopener noreferrer nofollow">proof-of-work</a> (PoW) consensus mechanism to PoS, significantly reducing the network’s overall energy consumption.</p>
<p>The roadmap also highlighted Ethereum’s focus on single-slot finality (SSF), a concept designed to ensure that changes to blocks on a blockchain cannot be reversed without burning at least 33% of the total staked ETH.</p>
<p>Buterin also detailed how the Scourge priority would become more focused on combating economic centralization in Ethereum, particularly regarding MEV and liquid stake pooling.</p>
<p>You might also like: <a href="https://crypto.news/vitalik-buterin-pitches-3-pathways-to-simplify-ethereums-pos-model/" rel="noopener noreferrer nofollow"> Vitalik Buterin pitches 3 pathways to simplify Ethereum’s PoS model </a></p>
<h2 class="wp-block-heading" id="strong-buterin-to-make-eth-cypherpunk-again-strong"><strong>Buterin to make ETH cypherpunk again</strong></h2>
<p>Recently, as reported by crypto.news, Buterin shared plans to reincorporate the original principles of the “<a href="https://crypto.news/vitalik-buterin-outlines-plans-to-make-ethereum-cypherpunk-again/" target="_blank" rel="noopener noreferrer nofollow">cypherpunk</a>” revolution into blockchain.&nbsp;</p>
<p>The Ethereum CEO originally envisioned the network as a universally accessible, decentralized hard drive utilizing peer-to-peer communication and file storage. However, starting in 2017, Ethereum’s focus began to shift toward financial applications, according to Buterin.</p>
<p>In the future, he hopes to revive the quintessential “cypherpunk” ideals, such as decentralization, open participation, resistance to censorship, and trustworthiness.</p>
<p>Buterin also noted that recent advancements like rollups, zero-knowledge proofs, account abstraction, and second-generation privacy solutions align well with Ethereum’s original values.</p>
<p>Despite minor setbacks and challenges, his updated 2024 vision for Ethereum points towards an optimistic future, with analysts like Raoul Pal forecasting a potential price rise for ETH of up to $5,300.</p>
<h2 class="wp-block-heading" id="strong-eth-price-to-blow-in-2024-strong"><strong>ETH price to blow in 2024?</strong></h2>
<p>From Pal’s perspective, Ethereum’s price is poised for a significant uptrend. It isn’t a random prediction—Pal has grounded it in the liquidity indicator, a key tool that analysts leverage to forecast the potential price shifts of assets.&nbsp;</p>
<p>While the Real Vision co-founder injected a note of caution, reminding crypto investors that his forecasts aren’t guaranteed, he exhibited an undeniable bullish outlook for Ethereum.</p>
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<p>Pal further pointed out the potential impact of <a href="https://crypto.news/cryptocurrency-option-trading-soars-as-january-etf-expectations-escalate/" target="_blank" rel="noopener noreferrer nofollow">exchange-traded funds</a> (ETFs) on Ethereum’s progress. He postulated that the introduction of a Bitcoin spot ETF could set the stage for an Ethereum ETF, revitalizing the Ethereum ecosystem in the process.</p>
<p>Pal’s outlook was shared by analysts at CryptosRUs, who predicted a surge in ETH’s growth starting in Q1 2024.</p>
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   <p lang="en" dir="ltr">Over the past few weeks, we have seen rotations of capital through several crypto ecosystems, including <a href="https://twitter.com/hashtag/CosmosEcosystem?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CosmosEcosystem</a> , <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Solana</a>, <a href="https://twitter.com/hashtag/Injective?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Injective</a>, <a href="https://twitter.com/hashtag/BRC20s?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BRC20s</a>, and <a href="https://twitter.com/hashtag/Avalanche?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Avalanche</a>.<br><br>In today's <a href="https://twitter.com/hashtag/analysis?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#analysis</a>, I am going to explain why I believe Ethereum will be the next ecosystem to see explosive… <a href="https://t.co/XdFxqzkbUP" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/XdFxqzkbUP</a></p>— CryptosRUs Analysis (@CRUAnalysis) <a href="https://twitter.com/CRUAnalysis/status/1739689126088069225?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 26, 2023</a>
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<p>According to the analysts, ETH’s upward trajectory will be fueled by factors such as positive market sentiment, the seasonality of ETH and Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" data-type="link" data-id="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>), and the forthcoming <a href="https://finance.yahoo.com/news/ethereums-dencun-upgrade-begin-testing-115758496.html" target="_blank" rel="noopener noreferrer nofollow">Dencun</a> upgrade.</p>
<p>In November, IntoTheBlock <a href="https://x.com/intotheblock/status/1722902438947029405?s=20" target="_blank" rel="noopener noreferrer nofollow">reported</a> that over 75% of Ethereum addresses were profitable at a time when ETH was priced at $2,200. The market intelligence platform also stated that only about 22.5% of Ethereum addresses experienced unrealized losses, with close to 1.17% at the break-even point.</p>
<p>Ethereum’s network activity also saw significant rises, with the number of new addresses on the network spiking by about 17.5% and active addresses seeing a boost of roughly 23%.</p>
<p>Furthermore, Ethereum addresses without ETH balances also surged by around 74%, while the number of Ethereum addresses with ETH balances is on a steadily ascending trajectory.</p>
<p>Over the past 30 days, the average count of Ethereum addresses was approximately 102.72 million—more than double the number for Bitcoin.</p>
<p>Read more: <a href="https://crypto.news/vitalik-buterins-new-proposal-would-cut-ethereums-security/" rel="noopener noreferrer nofollow"> Vitalik Buterin’s new proposal would cut Ethereum’s security </a></p>

Vitalik Buterin reveals 6 main focuses for Ethereum in 2024

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