Vitalik Buterin Reveals Why He’s Bullish For Ethereum In 2023!
Since Ethereum’s massive shift to Proof-of-Stake earlier in September, Ethereum co-founder Vitalik Buterin has made it clear that more exciting changes are about to be made to the chain in the near future. Since then, Buterin has voiced what he’s most bullish for coming in 2023.
Rollup Scaling Milestone
According to a tweet he made on December 31st, Vitalik is most bullish on reaching the “basic rollup scaling” milestone written on his Ethereum roadmap.
He explains that this milestone includes rolling out the Ethereum Improvement Proposal (EIP) 4844, where they aim to significantly enhance layer-2 rollup scalability and help get the leading smart contract platform to process 100,000 transactions per second or more.
Reaching the "basic rollup scaling" milestone in my roadmap diagram.
— vitalik.eth (@VitalikButerin) December 31, 2022
The next major update within the Ethereum chain, dubbed the Shanghai Hard Fork, was said to be targeted by sometime between March to June of 2023 according to Ethereum Core Developers.
Aside from the Shanghai Hard Fork, Buterin had mentioned early in December that he was bullish for a number of other things happening within the Ethereum ecosystem, including DAOs, the improvement of DeFi, as well as the possibility of creating “hybrid applications.”
Despite the current bear market that the crypto industry is currently facing, along with the upcoming recession that many are expecting to come this 2023, it seems that Vitalik is still bullish on the idea that building and improving Ethereum is much more important than keeping an eye on its price.