Vitalik Buterin Wants Ethereum to Hit 100K Transaction Per Second With Rollups
Buterin’s roadmap aims to keep Layer 1 decentralized, ensure Layer 2s inherit Ethereum’s core values, and enhance seamless interoperability across chains.
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Dencun
Buterin’s roadmap aims to keep Layer 1 decentralized, ensure Layer 2s inherit Ethereum’s core values, and enhance seamless interoperability across chains.
Ethereum’s recent Dencun upgrade, which was designed to reduce fees and help scale the network, has caused ether {{ETH}} to revert back to an inflationary asset — potentially reversing one of the key benefits of last year’s Merge.
Ethereum fees for “blobs” – the blockchain’s new dedicated class of cheaper data storage – spiked Wednesday after a project called Ethscriptions created a new way of inscribing data, known as “blobscriptions.”
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Some developers think that shifting the Ethereum ecosystem further towards layer 2 networks could risk setting it down the wrong path.
A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as “proto-danksharding,” which gives room for a dedicated space that is separate from regular transactions, and at a lower cost.
Bitcoin has already climbed to new all-time high while ether is lagging, but previous market cycles suggest change is coming.
The upgrade is the first step toward enabling the network’s rollup-centric roadmap, the report said.
The timing for the long-awaited Dencun upgrade, with its much-touted “proto-danksharding” feature, was announced Thursday on a call with top developers for the Ethereum blockchain.
Next week, on Feb. 7, Dencun will go live on its final Ethereum testnet, Holesky. After that, developers will ink in a date to activate Dencun on the main blockchain.