Vitalik Buterin Wants Ethereum to Hit 100K Transaction Per Second With Rollups

As an analyst with years of experience in the cryptocurrency industry, I find Vitalik Buterin’s roadmap for Ethereum’s scalability ambitious yet achievable. His focus on Layer 2 solutions and standardization is a testament to his deep understanding of the blockchain ecosystem and its challenges.

According to a recent blog post by Ethereum‘s co-founder, Vitalik Buterin, Ethereum is expected to eventually handle up to 100,000 transactions per second (tps). This ambitious goal is part of ‘The Surge’, the next stage in Ethereum’s Decentralized Upgrade roadmap.

As a crypto investor, I’m excited to follow Vitalik Buterin’s vision of reaching the 100,000 transactions per second (TPS) milestone for Ethereum. This goal is set to be accomplished through Ethereum’s roadmap that emphasizes rollups, which are essentially Layer 2 scaling solutions. These solutions, along with sophisticated data availability sampling and data compression techniques, will pave the way for an efficient and high-performing Ethereum network.

In his post, Buterin put forward a straightforward approach for work distribution: “The main goal of Ethereum L1 is to serve as a sturdy and decentralized foundation layer, while various L2 solutions are tasked with facilitating scalability within the ecosystem.

In a consistent manner across society, the court system functions not primarily for swiftness and efficiency, but rather to safeguard agreements and ownership rights. It is then the role of innovators and business leaders to construct upon this robust foundation.

Vitalik Buterin proposes that expanding Ethereum’s gas limit could potentially resolve the issues at hand. However, such an expansion might inadvertently lead to increased centralization since any upgrades would necessitate expensive hardware, thereby forcing out smaller nodes and resulting in a smaller number of more centralized validators.

Rather than pushing for a straightforward stance, Buterin proposes a more intricate methodology. This involves examining cost-effective gas prices and developing an efficient bytecode structure known as Ethereum Object Format, or EOF for short.

However, Buterin criticized the obstacles or barriers that exist among Layer 2 solutions, which are crucial for scaling Ethereum, yet they seem more like self-contained environments.

In a post, it was suggested that Ethereum ought to present itself as a unified ecosystem rather than 34 distinct blockchains. This recommendation included implementing uniform identifiers for chains on addresses and enhancing cross-Layer 2 (L2) standards to simplify multi-chain transactions.

Instead of making a poor wager, Buterin’s loss of $100 on Polymarket was due to his choice of the incorrect blockchain.

In his post, he expressed that if we truly believe in incorporating L2s as part of Ethereum, it’s crucial to design the L2 ecosystem in such a way that it feels seamless and indistinguishable from using a single, unified Ethereum ecosystem.