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Challenges and Prospects of Ethereum's Roadmap

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by Giorgi Kostiuk

2 years ago

  1. Current Challenges for Ethereum
  2. Role of L2 Solutions in Ethereum Ecosystem
  3. Future of Ethereum's Roadmap


    4. Amid growing criticism of Ethereum, many are wondering about the platform's real prospects. Despite declining fee revenues and competition from other solutions, key figures in Ethereum believe in its future.

    Current Challenges for Ethereum

    Ethereum's base layer fee revenue has collapsed by 99% in the past six months, making ETH slightly inflationary and causing its price to drop. L2 solutions like Base and OP mainnet have become major competitors, attracting users and transactions while giving back minimal revenue to the base layer.

    Role of L2 Solutions in Ethereum Ecosystem

    L2 solutions have led to a significant increase in Ethereum's capacity. Ed Felten, co-founder of Arbitrum, argues that without L2 solutions, a huge number of transactions simply couldn't occur on the base layer. Developments like Optimism's Superchain and Arbitrum's Orbit are working to improve interoperability.

    Future of Ethereum's Roadmap

    Leading community members believe that making adjustments to Ethereum's roadmap is necessary to achieve 10 million transactions per second within the next 10 years. Ethereum researchers are considering creating a decentralized shared sequencer, which would improve synchronization and interoperability of various L2 solutions.

    Despite the challenges, the future prospects for Ethereum remain optimistic. The community is actively working to address current problems and believes in the possibility of significant ecosystem growth in the future.

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