Vitalik Buterin announced that Ethereum Layer 1 will expand 10 times within the next year.
Ethereum co-founder Vitalik Buterin announced during the ETHGlobal Prague panel discussion that Ethereum Layer 1 (L1) will achieve approximately 10 times scalability expansion within the next year! This news instantly ignited the crypto community, as the call for L1 expansion has been ongoing for quite some time.
In response to the criticism of "Why not aggressively expand?", Vitalik emphasized that "seeking progress while maintaining stability" is the way forward. He believes that one year is the best implementation period, although some hope to achieve a 1000-fold expansion directly, rapid expansion could threaten the foundation of decentralization. This expansion will rely on key upgrades such as mobile log-level access lists, network optimization, and distributed historical storage.
After achieving the phased expansion goals, Ethereum also plans to address legacy issues such as account abstraction, censorship resistance, and virtual machine optimization through hard forks, clearing obstacles for future development. However, Vitalik also left a contingency plan, stating that once the zero-knowledge Ethereum virtual machine is ready, the network will enter "acceleration mode."
In fact, the controversy over Ethereum's scalability has long been in the making. After experiencing a decline in currency prices and sluggish on-chain data in the first quarter, the voices of the "emergency scalability faction" within the community have become increasingly strong. Ethereum's top researcher Dankrad Feist proposed the EIP-7938 plan, aiming to raise Ethereum's Gas limit, and boldly claimed that blockchain capacity will increase by 100 times within 4 years, while also emphasizing the ability to preserve privacy and decentralization.
However, Charles Hoskinson, the founder of Cardano and also a co-founder of Ethereum, poured cold water on it, bluntly stating that if Ethereum does not change, it risks repeating the mistakes of Myspace and Blackberry, even blaming Layer-2 technology, believing it weakens the core competitiveness of the network.
Who will ultimately dominate this "route dispute" regarding the future development of Ethereum? Is it the steady faction led by Vitalik, or the radical expansion pioneers? Regardless of the controversy, this transformation is already on the verge of happening, and the crypto community is closely watching Ethereum's next move!
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Vitalik Buterin announced that Ethereum Layer 1 will expand 10 times within the next year.
Ethereum co-founder Vitalik Buterin announced during the ETHGlobal Prague panel discussion that Ethereum Layer 1 (L1) will achieve approximately 10 times scalability expansion within the next year! This news instantly ignited the crypto community, as the call for L1 expansion has been ongoing for quite some time.
In response to the criticism of "Why not aggressively expand?", Vitalik emphasized that "seeking progress while maintaining stability" is the way forward. He believes that one year is the best implementation period, although some hope to achieve a 1000-fold expansion directly, rapid expansion could threaten the foundation of decentralization. This expansion will rely on key upgrades such as mobile log-level access lists, network optimization, and distributed historical storage.
After achieving the phased expansion goals, Ethereum also plans to address legacy issues such as account abstraction, censorship resistance, and virtual machine optimization through hard forks, clearing obstacles for future development. However, Vitalik also left a contingency plan, stating that once the zero-knowledge Ethereum virtual machine is ready, the network will enter "acceleration mode."
In fact, the controversy over Ethereum's scalability has long been in the making. After experiencing a decline in currency prices and sluggish on-chain data in the first quarter, the voices of the "emergency scalability faction" within the community have become increasingly strong. Ethereum's top researcher Dankrad Feist proposed the EIP-7938 plan, aiming to raise Ethereum's Gas limit, and boldly claimed that blockchain capacity will increase by 100 times within 4 years, while also emphasizing the ability to preserve privacy and decentralization.
However, Charles Hoskinson, the founder of Cardano and also a co-founder of Ethereum, poured cold water on it, bluntly stating that if Ethereum does not change, it risks repeating the mistakes of Myspace and Blackberry, even blaming Layer-2 technology, believing it weakens the core competitiveness of the network.
Who will ultimately dominate this "route dispute" regarding the future development of Ethereum? Is it the steady faction led by Vitalik, or the radical expansion pioneers? Regardless of the controversy, this transformation is already on the verge of happening, and the crypto community is closely watching Ethereum's next move!
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