Ethereum $2,499.72Vitalik Botter, one of the founding partners of the founding partners, announced that the network would be an important development in the basic technological infrastructure of the network. Stating that Ethereum aims to increase the scalability of Layer1 approximately 10 times, Buteterin made detailed explanations about the applicability and calendar of this plan. Speaking at a panel in Prague in Prague, Ethglobal, drawing attention to the current problems of the network, explained that a sustainable solution is aimed at blockages caused by slowing down.
Ethereum News
Buteter clarified the previous debate on increasing the capacity of Ethereum’s main network. Next year and after Layer1’s scalability will be an increase of 10 times, he said. This development is aimed at increasing its functionality, thus ensuring that more transactions can be carried out simultaneously in the Ethereum network. According to Buteter, this planned increase will not adversely affect the decentralization of the network and will be made within an ideal time period.
This increase in the network capacity will lead to relief in the transaction fees and faster transactions. This will make it possible for the Ethereum ecosystem to become more inclusive and useful, while it will also affect the price of ETH. Instead of a rapid development, the Butter thinks that a controlled and balanced approach will keep the network healthier, so we will not see hasty moves as usual.
He said that the new scalability roadmap is planned to be completed in a year and slightly longer. While keeping the calendar short is concerned about some network participants, he stressed that the protection of decentralization in this process is of great importance. It is aimed to contribute to sustainability and to protect the technological integrity of the changes in the network.
Speaking at the panel, Buteter said that all the innovations in the Ethereum network were designed considering the common interests of the participants. He pointed out that these plans should not be implemented quickly and hasty.
Vitalik Botterin: “By maintaining network participants and decentralization, it will be healthier to realize the scaling of the layer 1 with a careful and balanced calendar.”
Technical Details and Expectations
Buteter’s statements give clues about the technical transformations that Ethereum may face in the near future. However, clear information about exactly which technical methods will be applied and how existing users will be affected by so far have not been shared. Expectations are that the network blockage caused by increasing transaction volume will be alleviated in the short term.
Ethereum’s new scalability initiative can accelerate the adaptation process of the platform. With the increase in scalability, the Blockchain infrastructure is aimed to work more efficiently as Ethereum’s process rates rise. Developments in this direction are followed with interest in developers and investors.
In the coming months, it is not known that the Ethereum team will be loyal to the planned roadmap and to what extent the technical goals will be met. However, the Ethereum team, which managed to make a heart transplant to the patient on the table with Merge (was also used to repair a vehicle’s engine for this update at that time).
These scaling steps planned for the Ethereum network may be at a level to meet the expectations of users and developers. According to the current roadmap, it is aimed to increase the processing capacity of the network by maintaining the decentralized structure. The problem -free progress of the process can allow Ethereum to reach more users on a global scale. The future developments of the network are indicative of other projects in the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
