After The Merge, Ethereum Can Process 100,000 Transactions A Second

After the merge, Ethereum there will be many more upgrades to the network: the surge, the verge, the purge, and a splurge.

Vitalik Buterin wants you to know that Ethereum is just 40% complete – and there’s plenty more coming after the merge.

At the Ethereum Community Conference in France on July 21, the Ethereum co-founder shared his vision for future developments well beyond the network’s move to proof of stake. In fact, the move – often referred to as “the merge,” because it will combine the Ethereum mainnet with the proof-of-stake beacon chain – is just the first in a series of planned upgrades.

After the merge, which Buterin believes is very close because “the only thing left to do is do a merge on Ropsten [test network],” Ethereum will then undergo further upgrades which he calls the “surge,” “verge,” “purge,” and “splurge,” he told the conference.

Bitcoin advocates consider Bitcoin to be 80% complete, Buterin argued, but said Ethereum supporters believe Ethereum is just 40% complete. After the merge, which is expected to be completed this September, Ethereum will still only be roughly 55% complete, he said.

The Merge will greatly increase processing speed

Buterin cited a desire to make Ethereum a more powerful and robust network as the reason behind the planned “deep changes.” 

The surge refers to the addition of Ethereum sharding, a scaling solution which the Ethereum Foundation claims will further enable cheap layer-2 blockchains, lower the cost of rollups or bundled transactions, and make it easier for users to operate nodes that secure the Ethereum network. Buterin also said that once the surge is complete, the Ethereum network will process transactions faster as well.

“Ethereum today can process about 15-20 transactions a second. This Ethereum including the rollups, including the sharding […] it’s going to be able to process 100,000 transactions a second,”

Buterin said

If Vitalik’s statement is true, the ETH 2.0 upgrade is indeed extremely important for the Ethereum ecosystem.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

CoinCu News

After The Merge, Ethereum Can Process 100,000 Transactions A Second

After the merge, Ethereum there will be many more upgrades to the network: the surge, the verge, the purge, and a splurge.

Vitalik Buterin wants you to know that Ethereum is just 40% complete – and there’s plenty more coming after the merge.

At the Ethereum Community Conference in France on July 21, the Ethereum co-founder shared his vision for future developments well beyond the network’s move to proof of stake. In fact, the move – often referred to as “the merge,” because it will combine the Ethereum mainnet with the proof-of-stake beacon chain – is just the first in a series of planned upgrades.

After the merge, which Buterin believes is very close because “the only thing left to do is do a merge on Ropsten [test network],” Ethereum will then undergo further upgrades which he calls the “surge,” “verge,” “purge,” and “splurge,” he told the conference.

Bitcoin advocates consider Bitcoin to be 80% complete, Buterin argued, but said Ethereum supporters believe Ethereum is just 40% complete. After the merge, which is expected to be completed this September, Ethereum will still only be roughly 55% complete, he said.

The Merge will greatly increase processing speed

Buterin cited a desire to make Ethereum a more powerful and robust network as the reason behind the planned “deep changes.” 

The surge refers to the addition of Ethereum sharding, a scaling solution which the Ethereum Foundation claims will further enable cheap layer-2 blockchains, lower the cost of rollups or bundled transactions, and make it easier for users to operate nodes that secure the Ethereum network. Buterin also said that once the surge is complete, the Ethereum network will process transactions faster as well.

“Ethereum today can process about 15-20 transactions a second. This Ethereum including the rollups, including the sharding […] it’s going to be able to process 100,000 transactions a second,”

Buterin said

If Vitalik’s statement is true, the ETH 2.0 upgrade is indeed extremely important for the Ethereum ecosystem.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

CoinCu News

Visited 85 times, 1 visit(s) today