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Vitalik Buterin Targets 100,000 TPS for Ethereum with Rollups

The co-founder of Ethereum Vitalik Buterin has shared a five-part, ambitious roadmap to achieve 100,000 transactions per second on the network. He shared this goal in his recent blog post titled “The Merge” into “The Surge”-the following stage of Ethereum’s Dencun upgrade. 

Vitalik Buterin presenting Ethereum’s roadmap towards 100,000 transactions per second with Layer 2 rollups.
Source: https://cointelegraph.com/news/ethereum-over-100k-tps-the-surge-vitalik-buterin

According to Buterin, the reason behind reaching this milestone is Ethereum’s roadmap focusing on rollups; this approach operates on Layer 2 scaling solutions, data availability sampling, and compression of data. There will be one decentralized L1 and many varied L2 scaling solutions. 

Buterin further elucidated the split roles: “Ethereum L1 will continue to serve as a secure and decentralized foundation, while L2s will focus on scaling the ecosystem.” 

He compared it to the court system, where L1 ensures security, and entrepreneurs build on top with L2 solutions. Increasing Ethereum’s gas limit could be an easy fix, Buterin noted, but warned that it would lead to centralization, forcing smaller validators out. 

Instead, he proposed a more balanced approach with cost-effective gas fees and the introduction of a new bytecode format, Ethereum Object Format (EOF). 

Buterin also addressed the lack of interoperability between different L2 solutions, calling for standardized chain identifiers and improved cross-L2 standards. He highlighted how the current fragmented system led to a personal loss of $100 on Polymarket, simply because he chose the wrong chain. 

“If L2s are truly part of Ethereum, users should feel like they are using a unified ecosystem,” Buterin concluded. His roadmap envisions a future where Ethereum not only scales but does so without compromising its core values. 

October 17, 2024 at 12:44 pm

Updated October 17, 2024 at 12:44 pm

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