Highlights:
- Ethereum’s ‘The Surge’ aims for 100,000 TPS across L1 and L2.
- Vitalik Buterin wants seamless interoperability in Ethereum’s L2.
- ETH surges 10%, could hit $5,000 by 2024.
Ethereum’s ‘The Surge’: 100K TPS
Vitalik Buterin just outlined plans to get Ethereum to 100,000 TPS. This is part of Ethereum’s roadmap to solve the scalability problem.
He’s using data availability sampling and rollup technology to enhance L1 and L2 without compromising decentralization or security. Data availability sampling will reduce node workloads and rollup will keep L2 solutions as secure as the mainnet.
Unified Ethereum and Interoperability
Beyond scaling, Buterin wants a unified Layer 2 experience. He wants using L2 to feel like a single experience within the Ethereum ecosystem.
This will simplify the user experience, make Ethereum more developer- and user-friendly, and increase adoption across industries.
ETH Price and Economics
After Buterin’s announcement, ETH is up 10% to $2,625. The upgrades to the Ethereum network have people thinking ETH could hit $5,000 by 2024, and with increased demand and technology, that’s not out of the question. ETH futures are now on Robinhood too, so that’s more places to trade besides Bitcoin futures.
Buterin’s plan could make Ethereum the scalability king and open up new possibilities for devs and users.
Sources & Methodology
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