ETH Scalability Isn't Going to Be an Issue Soon, Vitalik Buterin Posits

Published on by Cointele | Published on

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Ethereum expects boosted transactions per second, or TPS, as the network shifts toward the long-awaited Ethereum 2.0, or ETH 2.0, according to Etheruem co-founder Vitalik Buterin.

"ETH2 scaling for data will be available before ETH2 scaling for general computation," Ethereum Buterin said in a June 30 tweet.

"This implies that rollups will be the dominant scaling paradigm for at least a couple of years: first ~2-3k TPS with ETH1 as data layer, then ~100k TPS with ETH2," he noted, adding - "Adjust accordingly."

Essentially, Buterin said the network will not instantly transition into Ethereum 2.0.

In mentioning rollups, Buterin refers to a second layer on top of Etheruem as part of the equation, using Ethereum's current base blockchain, then switching to Ethereum 2.0 as a blockchain base.

The transition into ETH 2.0 will yield between 2,000 and 3,000 TPS, leading into eventual 100,000 TPS capabilities.

Bitcoin, crypto's leading asset, only touts roughly 7 TPS, while credit cards such as Visa handle about 24,000 TPS on average, leading into comments on Bitcoin's feasibility as a real-world payment option.

The network preformed sluggishly when the blockchain game CryptoKitties hit the internet several years ago.

Ethereum 2.0, a scaling solution transitioning the network over to proof-of-stake, or PoS, consensus, has been a large topic of discussion in recent months.

Last week, Ethereum's blog showed ETH 2.0 updates as the endeavor moves forward.

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