Vitalik Buterin, the co-founder of Ethereum, giving valuable insights to the Ethereum community members in an AMA, cited that he expects a cognizable Ethereum network improvement very soon.
The Ethereum 2.0 Foundation Research Team hosted the AMA session in which the community members asked questions about investment portfolio and the prospects of Eth 2.0.
In the Ask Me Anything session concluded over Reddit on November 18, he shared his thoughts on the various facets of the Ethereum 2.0 network and addressed a host of questions by the community members.
Ethereum 2.0 To Give Benefits Faster
Vitalik also talked about the crucial changes in the roadmap for Eth 2.0, highlighting the three most pivotal pointers namely rollup-centric roadmap, simplified merge, and parallelization phases.
He cited that “TLDR: merge happens faster, PoS happens more quickly, you get your juicy 100k TPS faster.
He assured the community that ETH 2.O network would start giving profits much sooner than the expectation.
Buterin also threw light on the scalability of the Ethereum 2.0 network, highlighting that the transaction speed of the network would be enhanced. He said that Ethereum 2.0 would be able to handle 1000 transactions per second and would have the capacity to cater up to 4000 networks per second, assuring that the network’s cost would be extremely low compared to that of the base chain.
Ethereum 2.0 network launch has seen some significant hurdles in the past, and the network efficiency has faltered on several occasions. The Ethereum network also suffered a breakdown due to high congestion when newer applications were introduced, or traffic inflow was high. The Ethereum community is watching out for the launch of 2.0 however, network inefficiencies and delayed processing concern them.
Vitalik Buterin also said that the Ethereum network would see a massive transformation in approximately the next two years. The primary goal of the platform is to become a stable and dependable system; however, currently things are based on the prediction that the roadmap is good, and things would be clearer after the upgrade process ends.
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