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Vitalik Buterin Envisions Ethereum ‘Surge’ Achieving Over 100K TPS by 2024

Ethereum’s ‘The Surge’ aims for 100,000 TPS across L1 and L2.

Arslan Ali Butt

Editor at AAFX.IO

Oct 18, 2024

Updated Oct 18, 2024

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.

Just In : #Ethereum co-founder @VitalikButerin aims for 100,000 TPS on Ethereum's scaling roadmap. pic.twitter.com/44yEYPuYp3
— AltCoiners.live (@alt_coiners) October 18, 2024

Table of Contents

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.

ETH FACES ROADBLOCKS ON THE WAY TO $5K

Investor interest isn’t pouring into ETH ETFs the way it did for Bitcoin, which is slowing things down.

Meanwhile, China’s selling off 542k ETH from the PlusToken stash, and that’s putting extra pressure on the market.

Add to that rising… pic.twitter.com/lFSQd7nJMa
— Crypto Town Hall (@Crypto_TownHall) October 11, 2024

Buterin’s plan could make Ethereum the scalability king and open up new possibilities for devs and users.

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Arslan Ali Butt

Arslan Ali Butt is a financial markets analyst, trader, and founder of AAFX.io, with over a decade of experience covering forex, cryptocurrencies, stocks, commodities, and global macroeconomic trends. Since 2014, he has been delivering data-driven market analysis, price forecasts, and educational content for traders and investors worldwide.His expertise combines technical analysis, macroeconomic research, market sentiment, and risk management to identify high-probability trading opportunities and explain the forces driving financial markets. Prior to founding AAFX.io, Arslan gained hands-on experience in institutional trading and risk management, giving him a practical perspective on market behaviour.Arslan's research has been featured on leading financial publications, including FXEmpire, FXLeaders, FXStreet, Cryptonews, KuCoin Learn, InsideBitcoins, Business2Community, ForexCrunch, and EconomyWatch. He has also hosted live market webinars and educational sessions for international brokerage firms.Through AAFX.io, Arslan's mission is to provide independent, transparent, and actionable market insights that help traders make more informed decisions with confidence.