- 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 result, Buterin confirmed that Ethereum will retain its core traits such as being trustless, open, and resistant to censorship. Moreover, Buterin wants the L2 network to inherit the core properties of Ethereum, which will allow users to initiate faster transactions while being able to trust the network they are using.
Buterin said that he sees a future where using different L2 solutions would be seamless, adding that the Ethereum ecosystem would not feel like it comprises 34 other blockchains but one single platform catering to all the needs of a user. He stated that if crypto enthusiasts like the idea that L2s are part of Ethereum, “we need to make using the L2 ecosystem feel like using a unified Ethereum ecosystem.”
Read also: Buterin Sets Out Vision for Ethereum’s Post-Merge Future
Meanwhile, as per the data from CoinMarketCap, ETH is trading at $2,628.74, up 0.22% in the past 24 hours and is trading at a discount of 46.18% from its all-time high of $4,891.70 witnessed during the previous bull run in 2021.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
https://coinniu.com/vitalik-buterin-outlines-ethereums-surge-phase-eth-price-jumps-10/
