Ethereum news: Devs targets finality in seconds by 2029, boosting ether (ETH) bull case

CoinDesk

by Shaurya Malwa

February 26, 2026

AI-Generated Deep Dive Summary

The Ethereum Foundation has unveiled a groundbreaking roadmap titled "strawmap," detailing ambitious upgrades over the next decade. The plan includes seven hard forks by 2029, focusing on key advancements like ultra-fast transaction finality (targeting under 8 seconds), increased network throughput, and enhanced privacy features such as shielded transactions. These updates aim to position Ethereum as a leader in scalability and security, addressing long-standing concerns about speed and cost. The roadmap outlines five core goals: achieving "gigagas" scale on Layer 1 (handling up to 10,000 transactions per second), enabling "teragas" throughput on Layer 2 networks (around 10 million TPS), implementing post-quantum cryptography for long-term security, and introducing privacy-preserving features. Notably, the plan envisions reducing Ethereum's block time from 12 seconds to as low as 2 seconds through incremental upgrades, with each step contingent on ensuring network safety. Ethereum co-founder Vitalik Buterin emphasized the transformative potential of these changes, comparing the process to a gradual rebuild of the network's consensus mechanism. The introduction of Minimmit, a new consensus algorithm aiming for single-round voting, could drastically reduce transaction finality time from 16 minutes to mere seconds. This shift would not only lower costs but also enhance user experience, making Ethereum more accessible and efficient. The roadmap also addresses future-proofing the network against quantum computing threats by integrating post-quantum cryptography. Additionally, shielded transactions promise greater privacy for users while maintaining the transparency of the blockchain. These updates are expected to bolster Ethereum's position as a leading platform for decentralized applications and attract more developers and businesses to its ecosystem. By prioritizing scalability, speed, and security, Ethereum’s "strawmap" sets the stage for a significant evolution in the cryptocurrency landscape. The long-term vision of achieving near-instant transaction finality and ultra-high throughput positions Ethereum not just as a blockchain platform but as a

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Originally published on CoinDesk on 2/26/2026