Ethereum co-founder Vitalik Buterin recently shared his ambitious goal of achieving 100,000 transactions per second (TPS) for Ethereum in a blog post. He outlined a roadmap called ‘The Surge’ for the next chapter in the protocol’s development, highlighting the use of rollups to reach this milestone.
According to Buterin, this goal will be made possible through the integration of Layer 2 scaling solutions, advanced data availability sampling, and data compression techniques. The idea is to have Ethereum’s Layer 1 focus on being a secure and decentralized base layer, while Layer 2 solutions handle the scalability aspect.
While increasing the gas limit could be a simple solution to boost transaction speed, Buterin cautioned against it due to concerns about centralization. Instead, he proposed exploring cost-optimized gas fees and implementing an efficient bytecode format called EOF (Ethereum Object Format).
One of the challenges Buterin mentioned is the fragmentation among Layer 2 solutions, which can make the Ethereum ecosystem feel disjointed. He suggested the introduction of standardized chain identifiers and improvements in cross-L2 standards to enhance interoperability and create a more cohesive experience for users.
Buterin emphasized the importance of making the L2 ecosystem feel like a unified part of Ethereum to avoid issues like using the wrong chain and losing funds unintentionally. By streamlining interactions between different Layer 2 solutions and creating a more seamless experience for users, Ethereum can continue to grow and evolve as a leading blockchain platform.
As Ethereum continues to work towards achieving higher TPS rates and improving scalability, Buterin’s vision for a more integrated and efficient ecosystem could pave the way for a more user-friendly and robust network. By addressing key challenges and implementing innovative solutions, Ethereum aims to remain at the forefront of the cryptocurrency industry.