Vitalik Buterin, co-founder of Ethereum, spoke about the network's path to completing the scalability roadmap.
To complete the roadmap, several Tier 2-focused improvements are needed.
In addition to Tier 2-focused improvements, Vitalik emphasized the importance of improving the reliability of the Tier 1 #blockchain .
With the emergence of several shiny new Tier 1 blockchains, many have begun to argue that #Ethereum is losing its luster. However, it may be too early to say that the "King of DeFi" has failed.
Buterin recently reminded supporters and detractors alike of the goals of the rollover-oriented network roadmap and what it will take to achieve them. That goal is to reach a speed of 100,000 transactions per second (TPS) while maintaining decentralization and Tier 1 reliability.
The Ethereum roadmap is divided into stages, each representing a problem the network aims to solve. Ethereum's scaling roadmap, codenamed Surge, began with the Dencun update in March 2024. This update introduced blob to reduce the cost of transaction computation on the Ethereum second-level chain. The ultimate goal of this phase is to allow Ethereum to process 100,000 TPS and facilitate high-performance applications such as payments and decentralized social networks.
In a blog post on Thursday, October 17, Ethereum co-founder Vitalik Buterin reiterated this goal and outlined the next steps: Vitalik said Ethereum will increase the availability of data on the second-level blockchain, utilize data compression on the second-level blockchain and provide a new level of data compression on the second-level blockchain, implement the Plasma scaling solution to reach the 100,000 TPS goal, which is a scaling solution that places only a portion of the second-level data, known as the Merkle root, on the blockchain.
Notably, Ethereum is already on its way to achieving this goal.
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