Vitalik Buterin Aims for Ethereum to Achieve 100K Transactions Per Second with Rollups

Ethereum co-founder Vitalik Buterin has set an ambitious target for the blockchain network, aiming to achieve 100,000 transactions per second (TPS) through the integration of Layer 2 solutions. This goal, outlined in a recent blog post, is part of the upcoming "The Surge" phase of the Dencun upgrade.

Key Takeaways

• Vitalik Buterin proposes a target of 100,000 TPS for Ethereum.

• The goal will be achieved through a rollup-centric roadmap.

• Emphasis on the need for standardization among Layer 2 solutions.

Buterin's vision for Ethereum's scalability hinges on a rollup-centric approach, which combines various Layer 2 scaling solutions, advanced data availability sampling, and data compression techniques. He emphasizes that the Ethereum Layer 1 (L1) should focus on being a robust and decentralized base layer, while Layer 2 (L2) solutions will handle the scaling tasks.

In his blog post, Buterin draws a parallel between the Ethereum network and societal structures, stating, "The court system (L1) is not there to be ultra-fast and efficient; it's there to protect contracts and property rights, and it's up to entrepreneurs (L2) to build on top of that sturdy base layer."

The Roadmap to 100K TPS

To reach the ambitious target of 100,000 TPS, Buterin outlines several key strategies:

1. Layer 2 Integration: Increased adoption and integration of Layer 2 solutions are crucial for scaling Ethereum effectively.

2. Data Availability Sampling: Advanced techniques will be employed to ensure data is readily available for transactions.

3. Data Compression: Implementing efficient data compression methods will help in managing the volume of transactions.

Buterin acknowledges that simply increasing Ethereum's gas limit might seem like an easy solution. However, he warns that this could lead to increased centralization, as higher limits would require more expensive hardware, potentially pushing out smaller nodes and resulting in fewer, more centralized validators.

A Nuanced Approach

Instead of merely raising the gas limit, Buterin advocates for a more nuanced approach that includes:

• Cost-Optimized Gas Fees: Exploring ways to optimize gas fees to make transactions more affordable.

• Efficient Bytecode Format: Introducing the Ethereum Object Format (EOF) to streamline transaction processing.

Buterin also addresses the friction between different Layer 2 solutions, which can feel like isolated ecosystems. He argues that Ethereum should function as a unified ecosystem rather than a collection of disparate blockchains.

The Need for Standardization

To facilitate smoother interactions across Layer 2 solutions, Buterin suggests:

• Standardized Chain Identifiers: Adding standardized identifiers to addresses to improve interoperability.

• Cross-L2 Standards: Enhancing standards for cross-L2 interactions to create a more cohesive user experience.

He shares a personal anecdote about losing $100 on Polymarket, not due to a bad bet, but because he selected the wrong chain. This highlights the importance of making the Layer 2 ecosystem feel integrated within the broader Ethereum framework.

Conclusion

Vitalik Buterin's vision for Ethereum's future is ambitious yet grounded in practical strategies aimed at achieving unprecedented scalability. By focusing on a rollup-centric roadmap and fostering a unified ecosystem, Ethereum aims to position itself as a leading blockchain capable of handling a massive volume of transactions efficiently. As the Dencun upgrade approaches, the Ethereum community eagerly anticipates the advancements that will come with "The Surge."

Sources

• Vitalik Buterin Wants Ethereum to Hit 100K Transaction Per Second With Rollups, CoinDesk.

• Vitalik Buterin quiere que Ethereum alcance las 100.000 transacciones por segundo con rollups, CoinDesk.

• Gusto ni Vitalik Buterin na Makamit ng Ethereum ang 100K na Transaksyon Bawat Segundo Sa Mga Rollup, CoinDesk.

• Віталік Бутерін хоче, щоб Ethereum досягав 100 тисяч транзакцій за секунду за допомогою зведених операцій, CoinDesk.

• Vitalik Buterin veut Ethereum atteigne 100 000 transactions par seconde grâce aux rollups, CoinDesk.