Ethereum

The post <a href="https://cryptosnewss.com/ethereum-2-0-is-here-vitalik-unveils-how-eth-will-become-faster-more-decentralized/" rel="noopener noreferrer nofollow">Ethereum 2.0 Is Here, Vitalik Unveils How ETH Will Become Faster &amp; More Decentralized</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.<a href="https://cryptosnewss.com/category/ethereum-news/" rel="noopener noreferrer nofollow">Ethereum</a> co-founder Vitalik Buterin outlines the plan to increase Ethereum&#39;s transaction speed to 100,000 transactions per second (TPS) while maintaining decentralization, through the next phase of its scalability roadmap, “The Surge.”In his latest blog post, Buterin detailed Ethereum’s mission to become faster and more decentralized. The roadmap, known as “The Surge,” aims to overcome current scalability challenges and prepare the network for mass adoption.Starting with the March 2024 Dencun upgrade, Ethereum introduced key mechanisms like “blobs” to reduce costs for Layer 2 (L2) transactions.As Ethereum continues its push for higher transaction speeds, improvements like PeerDAS (Peer Data Availability Sampling) and Layer 2 data compression will bring Ethereum to a goal of processing 100,000 TPS.Vitalik emphasized the importance of enhancing Layer 1 robustness, warning that relying only on scalable Layer 2 solutions could present risks to Ethereum’s decentralization.He pointed to solutions like raising the gas limit and technological improvements such as the Ethereum Virtual Machine Object Format (EOF) to make Ethereum more efficient.These efforts aim to improve user experience (UX) across Ethereum, making Layer 2 chains feel like part of a cohesive ecosystem.Buterin noted that L2 decentralization will be crucial, as confidence in proof systems needs to be boosted, suggesting formal verification and multiple provers as solutions.While Ethereum’s roadmap is ambitious and likely to take years, the steps outlined by Vitalik are crucial for its future as a scalable, decentralized network.This focus on both Layer 1 and Layer 2 improvements could place Ethereum at the forefront of the decentralized finance (DeFi) space, providing solutions for future scalability challenges.The post <a href="https://cryptosnewss.com/ethereum-2-0-is-here-vitalik-unveils-how-eth-will-become-faster-more-decentralized/" rel="noopener noreferrer nofollow">Ethereum 2.0 Is Here, Vitalik Unveils How ETH Will Become Faster &amp; More Decentralized</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Ethereum 2.0 Is Here, Vitalik Unveils How ETH Will Become Faster & More Decentralized

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