Vitalik Buterin Aims to Hit 100,000 TPS for Ethereum with Rollups
Date: 2024-10-18 Author: Henry Casey Categories: BLOCKCHAIN, BUSINESS
Vitalik Buterin, one of the creators of Ethereum, has published a roadmap on his blog outlining steps to reach the 100,000 transactions per second (TPS) goal on the Ethereum platform. This will be possible through increased integration of Layer 2 solutions, although some standardization will be required first.
According to Buterin’s plan, this leap in transaction processing speed will be achieved through the use of scalable Layer 2 solutions, new methods of working with data, and information compression. In his post, he noted that the approach to scaling will focus on Ethereum's Layer 1 (L1) remaining a decentralized base platform, while the second layer (L2) will take on the scaling of the ecosystem.
"The main idea is to separate the responsibilities: Layer 1 (L1) should remain a stable and decentralized platform, while the second layer (L2) will be responsible for scaling the ecosystem," Buterin writes. He compared this to a court system that does not have to work as quickly as possible, but must ensure the protection of rights, while entrepreneurs build their projects on this reliable foundation.
Buterin also emphasized that simply increasing the gas limit on the Ethereum network is not a solution to the problem, as this can lead to increased centralization. Working with increased limits will require expensive equipment, which will exclude the participation of smaller nodes and reduce the number of validators, which in turn will weaken the decentralization of the network. Instead, he suggests optimizing gas costs and introducing a new bytecode format, the Ethereum Object Format (EOF).
One of the key issues Buterin highlighted was the complexity of interaction between Layer 2 solutions. He believes that while these solutions are important for scaling Ethereum, they act as “isolated systems” to some extent. In his opinion, the entire Ethereum ecosystem should feel like a single platform, rather than several disparate blockchains.
As an example, Buterin cited a case where he lost $100 on the Polymarket platform not because of an incorrect bid, but because he chose the wrong chain for the transaction. This illustrates the need to standardize chain identifiers and improve interaction between different Layer 2 solutions.
Buterin insists that in order to fully integrate Layer 2 solutions into the Ethereum ecosystem, they need to be as easy and intuitive to use as working with a single blockchain.
