Ethereum's co-founder, Vitalik Buterin, has laid out plans to scale the blockchain to 100,000 transactions per second through a rollup and Layer 2 strategy.
Ethereum's Ambitious Goals
According to Vitalik Buterin, 'The Surge' is the next phase of Ethereum's Dencun upgrade, aiming to achieve scalability through rollup solutions and data compression techniques. He emphasizes that Layer 1 will remain a secure and decentralized core, while Layer 2 will take care of scaling to enhance transaction speed.
Creating a Unified and Scalable Ecosystem
Buterin's roadmap outlines a system where Layer 1 serves as a strong decentralized base, while Layer 2 solutions drive network innovation and speed. He draws comparisons to legal systems where the core level ensures contract protection while entrepreneurs innovate. Raising the gas limit might lead to centralization, thus a more refined approach is suggested, including cost-effective gas fees and Ethereum Object Format (EOF) improvements.
Paths to Improve Integration
Buterin highlights the current isolation of Layer 2 solutions and suggests standardizing chain identifiers to enhance interoperability. He shares a personal story of losing $100 due to choosing the wrong chain on Polymarket, stressing the importance of seamless use of Layer 2 solutions as a cohesive ecosystem.
Vitalik Buterin's plans will strengthen and scale Ethereum while retaining decentralization and seamless integration through improved Layer 2 interactions.