🥛 Ethereum 3.0 - coming in 2029 🗺️

GM. This is Milk Road, the crypto newsletter that makes long-term roadmaps feel less like homework and more like an indulgence.

Here’s what we’ve got for you today:

✍️ Ethereum’s 2029 roadmap.
🎙️ The Milk Road Show: Bitcoin Stuck? Coinbase Expert Reveals What’s REALLY Controlling the Price w/ David Duong.
🍪 Beast Industries CEO: “We’re big fans of Ethereum”.

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ETHEREUM’S 2029 ROADMAP JUST DROPPED AND IT’S A DOOZY! 🗺️

We need to talk about Ethereum's 2029 "Strawmap".

‘Cause it sets big, lofty, fast-paced goals for ETH…

But you might not have known that, because (in true ETH fashion) - the roadmap is a rats nest of complexity:

Source: @drakefjustin

(Eewwww, gross - what even is that??)

Lemme break down what’s being planned as simply as I know how:

1. Finality first

When you send ETH right now, it takes about 16 minutes before the network is 100% sure that the transaction can't be undone. That's called ‘finality’.

The new Minimmit consensus mechanism would shrink that down to seconds by using a single round of voting instead of multiple rounds.

Block times would also get faster - from 12 seconds, stepping down through 8, 6, 4, and maybe eventually 2 seconds.

2. Throughput

Gas fees are the fuel the network burns to process transactions - and right now there's a pretty tight limit on how much it can burn per second.

This roadmap wants to blow that open by orders of magnitude across both the Ethereum Layer 1 (L1) and all of its Layer 2s (L2s).

The more gas can be burned → the more transactions can be processed → the more users the network can support.

Next up: snuffing out the quantum computing threat… 👇

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ETHEREUM’S 2029 ROADMAP JUST DROPPED AND IT’S A DOOZY! 🗺️

Where were we?

Ah yes. The ‘Q’ word…

3. Quantum (aaah, scary!)

Michael Saylor was just out here saying quantum threats to Bitcoin are still a decade-plus away and nothing to worry about…

But it’s hard to be ok with any timeline when there’s potential for old, un-updated wallets to be hacked.

Source: Milk Road

Ethereum's taking the opposite approach - treating quantum as a real engineering problem with an actual target fork to fix it.

The solution is switching to hash-based signatures, which don't rely on the math that quantum computers are expected to eventually break.

4. Privacy

Every single ETH transfer right now is completely public - the amount, who sent it, who received it - all of it.

Shielded transfers would change that.

Vitalik described the overall rebuild as a "Ship of Theseus" situation - where you swap out individual pieces one at a time until eventually the whole thing is new.

The TL;DR is this:

Ethereum is aiming to hit 7 hard forks (aka: major, non-backwards-compatible upgrades) by 2029, with the following goals…