- Buterin proposed a solution that solves Ethereum's core problems.
- Meanwhile, the co-founders of Bankless envisioned ETH reaching $10,000.
in 2024 Shanghai International Blockchain WeekEthereum [ETH] Co-founder Vitalik Buterin has revealed what he believes is the network's biggest problem.—Ecosystem fragmentation.
as reported According to X (formerly Twitter) crypto media outlet Wu Blockchain, Buterin said Ethereum operates like “34 different chains,” highlighting the challenges this poses to scalability, user experience, and cross-chain interactions. did.
Vitalik’s solution for integrating Ethereum
In response to this statement, Buterin said, Take me to X He detailed his vision for Ethereum's next upgrade, “The Surge.''”
One of the main goals of the upgrade is to enable Ethereum to process more than 100,000 transactions per second (TPS) for both Layer 1 (L1) and Layer 2 (L2) solutions.
Source: Vitalik Buterin/X
Additionally, Buterin emphasized the importance of maintaining Ethereum’s L1 decentralization and robustness. This ensures that your network remains resilient and secure as it grows.
He also emphasized that some L2 will need to fully inherit Ethereum's fundamental properties. These include trustless, open, and censorship resistant.
Another important aspect of The Surge is maximizing interoperability between L2s.
Buterin believes that if L2 is considered a true extension of Ethereum, the experience of using the L2 ecosystem will feel as seamless and unified as if you were interacting with a single ecosystem. I think it should be done.
Sarge marked the second part. ethereum Future upgrades.
Earlier this week, AMBCrypto highlighted A proposed improvement to Ethereum's proof-of-stake (PoS) system proposed by the co-founders. These changes are consistent with his broader vision for the continued evolution of the platform.
ETH records double-digit gains
Amid these developments and continued talk of an “uptober,” ETH price has shown signs of recovery from its early October lows.
At the time of writing, the altcoin is trading at $2,631, up 10% in the past 24 hours.
Source: TradingView
The RSI value of 60.50 indicates that ETH is not overbought and still has room for growth.
Additionally, OBV rose further to end at 42,894,000. This further confirmed the bullish momentum.
If the buying pressure continues, ETH bulls could bounce off the $2,700 resistance level in the near future.
Ethereum $10,000 Outlook
As Ethereum continues its ambitious journey, Bankless co-founder Ryan Sean Adams remains extremely bullish about the future of Ethereum. recent adams noticed Its untapped potential. He wrote to X:
“ETH to $10,000. The market is significantly undervaluing Ethereum.”
Adams' prediction may not be far-fetched, as future changes are expected to improve the network.
