According to Vitalik Buterin, Ethereum (ETH) will be able to reach 100,000 transactions per second

During his keynote address at EthCC this week, Vitalik Buterin outlined his vision for the future of Ethereum following The Merge, the move to Proof of Stake (PoS). The famous blockchain of smart contracts will have to undergo a series of updates, which should bring it to a capacity of 100,000 transactions per second.

Vitalik Buterin clarifies the Ethereum roadmap

when fifth edition of the EthCC conferencewhich was held this week in Paris, Vitalik Buterinthe founder of Ethereum, took the stage to outline the next steps in the evolution of the network.

As recently announced, the famous Fusion, which will mark the transition from a proof-of-work (PoW) consensus to a proof-of-stake (PoS) consensus, will take place on September 19. The merger must reduce network energy consumption by 99%. But according to Vitalik Buterin, Ethereum will only be at 55% of its development once this step is completed. Other major projects will then be carried out, which we will discuss in detail:

  • The surge;
  • The hem;
  • The purge;
  • The surge.

Roadmap for Ethereum Upgrade

The Surge, which will be the next big step after The Merge, you will see the implementation of sharding. It should arrive in 2023 and will consist of a fragmentation of operations of the network. This could be illustrated by comparing the update with the arrival of Taylorism in industry at the beginning of the twentieth century.

Ethereum will be divided into fragments (or fragments), and each of them will be given a specific action the regular development of consent. Like a production line in a factory, this horizontal cut will greatly increase productivity. This productivity is symbolized here by the number of transactions per second.

These fragments they will then broadcast their information to the main channel, the lighthouse chainto anchor the blocks in the blockchain.

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The Verge, The Purge and The Splurge, three other distant events

Without going into great technical details, The Verge will let you reduce the block size. At the same time, validators will have less data to store. It is in fact an optimization of Merkle trees, the mathematical concept that allows to contain the information of a block in a cryptographic hashes.

These new and more powerful functions are called “Verkle trees”. With less storage space required, it would therefore be “easier” to become a validator, which could improve decentralization.

As a continuation of this improvement, The Purge will allow it to eliminate all its excess data from the blockchain. This will also help reduce the storage space needed by validators.

All these steps must lead to a drastic reduction in network congestion and it is on these projections that Vitalik Buterin relies to predict an Ethereum a 100,000 transactions per second. Finally, The Splurge will consist of a continuous improvement of all previous updates. This final step will also allow you to verify it the machine works perfectly.

Of course, if The Merge is very close, the rest are further away. However, these are steps required to build the terrific technological revolution what is Ethereum.

πŸ‘‰ Also in the news – EthCC [5] : what to remember of the 5th edition of the Ethereum Community Conference

published by editions Larousse

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Source: Vitalik Buterin

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