Vitalik Buterin Outlines Ethereum's Surge Phase, ETH Price Jumps 10%

  • Vitalik Buterin shared a unified version of the Ethereum ecosystem as the future.

  • Buterin said that using Ethereum must not feel like using 34 other blockchains.

  • ETH is trading at the $2,600 price level and is up 10% in the past 7 days.

Vitalik Buterin, co-creator of Ethereum, recently published a blog post outlining the future of the blockchain, including a phase he calls “The Surge.” The price of ETH has responded positively, jumping by more than 10% in the past seven days.

In the post, which Buterin also shared on X, he describes a unified Ethereum ecosystem where users can easily interact with Layer 2 solutions. Scalability and efficiency will be key focuses, improving the user experience.

Possible futures for the Ethereum protocol, part 2: The Surgehttps://t.co/DdEUpV4zQN

— vitalik.eth (@VitalikButerin) October 17, 2024

To make Ethereum more affordable for everyday transactions, Buterin says the blockchain will eventually handle 100,000 transactions per second (TPS) across both Layer 1 (L1) and Layer 2 (L2) solutions.

The Ethereum co-creator explained how blockchains should not sacrifice decentralization to boost scalability and TPS and as a re…

The post Vitalik Buterin Outlines Ethereum’s “Surge” Phase, ETH Price Jumps 10% appeared first on Coin Edition.