Vitalik Buterin said Ethereum should feel like one ecosystem rather than 34 different blockchains.
Posted October 17, 2024 at 11:15 PM ET.
Ethereum co-founder Vitalik Buterin shared plans to achieve further scaling of the blockchain at both layer 1 and layer 2 levels.
on the blog post Buterin outlined the future potential of Ethereum on October 17th, stating that the main goal of the next stage of Ethereum development, Surge, is to maintain decentralization at the base layer while maintaining decentralization at L1 and L2. said that it is to achieve 100,000 transactions per transaction (TPS). .
Another goal is to ensure that at least some L2 fully inherits Ethereum's core properties such as trustlessness, openness, and censorship resistance, while maximizing cross-chain interoperability. .
“Ethereum should feel like one ecosystem, not 34 different blockchains,” Buterin said.
In his view, the easiest way to make the L2 ecosystem easier to navigate is through centralized bridges and RPC [Remote Call Procedure] client.
He also suggested standardizing chain-specific payment requests, cross-chain swaps, and gas payments as a way to improve interoperability. To extend L2, he proposed a data compression method, a generalized plasma, and a mature proof system.
Ethereum’s L2 ecosystem has experienced significant growth in recent years, and these protocols employ Total Value Locked (TVL). crowding 227% in one year, or $37.5 billion.
“Even if L2 is highly scalable and successful, there could be a lot of risk for Ethereum if L1 is still only able to process very small amounts of transactions,” Buterin pointed out.
One of those risks is the economic situation of ETH, which can affect the security of the network.
Buterin suggests scaling L1 and introducing multidimensional gas pricing by simply increasing the gas limit or using specific methods such as a new EVM bytecode called EOF that can reduce gas costs. I did. A third strategy is to introduce “native rollups” by creating many copies of the EVM that run in parallel with the protocol.
“Bringing more users into L1 means not only improving scale but also other aspects of L1. ) remains in L1, making it even more urgent to deal with this explicitly,” he said.
