- Ethereum’s scaling phase aims for over 100,000 transactions per second.
- Layer 2 rollups and proto-danksharding enhance transaction efficiency.
Vitalik Buterin, co-founder of Ethereum, has outlined the blockchain’s ambitious future in a two-part blog series. His latest post, “Possible Futures for the Ethereum Protocol, Part 2: The Surge, sheds light on the next major phase following Ethereum’s transition to Proof of Stake (PoS) in 2022. Known as “The Merge,” this previous milestone drastically reduced Ethereum’s energy consumption and was the first step in a broader plan to make the network more scalable and secure.
In “The Surge,” Buterin highlights Ethereum’s focus on scaling solutions, specifically targeting transaction throughput. The post emphasizes the critical role of Layer 2 rollups—off-chain protocols that handle transactions before settling them on the Ethereum mainnet.
Moreover, integrating shard chains and introducing proto-danksharding (EIP-4844) are key strategies for achieving Ethereum’s target of processing over 100,000 transactions per second (TPS), a significant leap from the current 30 TPS. This scaling effort is expected to make Ethereum far more efficient for decentralized applications (DApps), opening new avenues for adoption in finance, gaming, and more.
Merge To Surge
Buterin also addresses the future of cross-rollup interoperability and the importance of ensuring long-term security. These enhancements aim to keep Ethereum competitive in a blockchain ecosystem that increasingly demands lower fees and faster transactions.
While “The Merge” laid the foundation by transitioning Ethereum to a PoS network, “The Surge” promises to build on that success by dramatically expanding the network’s capacity. Together, these phases are part of Ethereum’s broader goal to remain the leading platform for decentralized applications, while improving both performance and user experience.
This road map reaffirms Ethereum’s commitment to evolving in line with the needs of its users and the broader blockchain industry. Meanwhile, ETH is trading at $2633 with a modest 0.38% surge and the trading volume is down 23%. In a week, it is up 9.45%.
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Source: https://thenewscrypto.com/vitalik-buterin-maps-out-ethereums-future-with-the-surge/