What would it be like if Ethereum's transaction speed could be as fast as lightning, processing millions of transactions per second? Isn't it a bit unbelievable? But recently, a social media post by Ethereum researcher Justin Drake has shown us this possibility!
Drake revealed on X that he is about to announce an 'ambitious' plan regarding Ethereum. It is said that this plan may involve a 'from scratch' reconstruction of the Ethereum consensus layer, aimed at solving Ethereum's scalability problems. This is big news! Could it be that ETH 3.0, which we have been looking forward to, is really coming?
Indeed, as soon as the news broke, the Ethereum community erupted. Doug Colkitt, founder of Ambient Finance, also posted on X, mentioning a rumor that the release of ETH 3.0 would be a 'second merger into a new consensus mechanism with a 1-second block time' and would also introduce a native zero-knowledge Ethereum virtual machine (zkEVM). If this is true, it would be a 'huge' update!
Colkitt stated that with a native zkEVM, Ethereum could completely eliminate gas limits, allowing builders to create blocks of any size, as nodes only need to verify the snark. In this way, the only remaining scalability limit would be bandwidth. He is also optimistic that zkEVM could mean arbitrary scalability, and Layer 2 rollups would no longer be necessary.
However, not everyone believes this rumor. Some community members think it is completely 'nonsense', pointing out that such significant updates are usually hinted at months in advance. If there really is such an update, the relevant Ethereum Improvement Proposals should have been submitted long ago.
However, when it comes to Ethereum's scalability solutions, Consensys CEO Joe Lubin did mention potential methods in an interview with Cointelegraph. He stated that the Ethereum ecosystem could revisit the old concept of execution sharding and possibly use a Layer 1 zkEVM to create the same execution sharding.
Lubin also stated that we can learn a lot from the development of methods such as zero-knowledge proofs and optimistic proofs, and bring these experiences back to Ethereum Layer 1 to improve everything. He also believes that these methods may lead to Ethereum's scalability solutions: 'You are just reducing a lot of computation at different levels and distributing a lot of computation across individual transactions. If you do it every two seconds or less, then you can achieve a large number of transactions per second.'
Although Lubin is optimistic about these methods and believes they could enable Ethereum to achieve millions of transactions per second, he also admits that full realization may take years.
So, what do you think? After hearing this, are mlion's friends also filled with anticipation for ETH 3.0? But remember, technological updates always take time, so we should remain patient and rational!
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