Ethereum developers prepare to scale the ETH network up to 100X.
The Ethereum blockchain has since been hit with scalability issues, which then resulted in congestion and high transaction fees on the network. But the co-founder of Ethereum, Vitalik Buterin, disclosed on Tim Ferriss’s podcast that Ethereum developers are working on a solution that can scale the blockchain network by 100 times. The developers are even confident that the solution will sustain the network until the sharding is ready.
Ethereum developers are set to scale the ETH network.
Ethereum developers plan to scale the network through a layer-two solution, Buterin stated. The planned solution is then expected to be launched in the following weeks, Buterin specifically said:
Buterin is confident that the planned Rollups will then increase the network’s transactional by 100 times. Normally, they are second-layer solutions that will help to process and map the transaction data on sidechains before transferring to the mainnet. This should sustain the network and basically decrease the expensive transaction fees while the Ethereum developers work on sharding. Ethereum 2.0 will use the sharding to ensure scalability.
The Hunt for Ethereum scalability
Recently, many Ethereum users have complained and deserted the network as the transaction fees skyrocket. Many projects that run on the network were forced to switch to other networks. The daily transaction count on BSC skyrocketed, as a result, surpassing Ethereum’s.
To get the latest Cryptocurrency, Blockchain, and Crypto-mining news, please join our Telegram Channel (Note: You may be prompted to install the Telegram App on your Mobile Phone, PC, or Mac – No worries, it’s safe)