Vitalik Buterin Discusses Ethereum's Upcoming 'Merge' and 'Surge' at EthCC in Paris

The co-founder of the Ethereum network spoke about its future road map on Thursday.

AccessTimeIconJul 21, 2022 at 1:31 p.m. UTC
Updated Apr 9, 2024 at 11:27 p.m. UTC

PARIS — Ethereum co-founder Vitalik Buterin spoke about the longer-term future of the network to attendees at the annual Ethereum Community Conference (EthCC) in Paris on Thursday.

At the developer-focused conference, Buterin spoke about the upcoming "Merge" in which Ethereum will make a full transition from proof-of-work (PoW) to proof-of-stake (PoS). Discussing the Merge's long-term and short-term outcomes, Buterin said, ”After the merge you will be able to build an Ethereum client that does not even know the proof-of-work phase even happened."

He also said that the network's roadmap includes the "Surge," which will increase scalability for rollups through sharding.

"At the end of this road map, Ethereum will be a much more scalable system," said Buterin. "By the end, Ethereum will be able to process 100,000 transactions per second."

He added that in terms of Ethereum's overall network development, the protocol will be "55% complete once we finish the Merge." Thus, there is much more work for developers ahead.

For now, Buterin outlined that the deep changes to the network will include updates to its monetary policy and token issuance, its security model and its transaction inclusion process.

He noted that pursuing these decentralized goals is difficult because of the complexity of the network and how quickly it is changing. But, he added, everyone has been looking forward to these upgrades to the network for a long time.

"Who here wants to cancel proof-of-stake?" Buterin asked the audience. Not one hand went up.

"Even if you want to, we're not going to cancel it," he quipped.

Ether (ETH) is currently trading up 34% over the last month and at the time of writing was around $1,500.

At last year's EthCC, Buterin gave a talk on "things that matter outside of DeFi" and said that Ethereum had to expand beyond decentralized finance (DeFi).

Thursday appeared to be the busiest day for the conference, with many attendees saying that they thought the final day of the conference would be the best due to Buterin's talk.

Edit note: Thursday, July 21, 2022, 14:17 UTC. Included additional quotes from Buterin.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Lyllah Ledesma

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.