Ethereum's Co-Founder Points To 100x

Vitalik Buterin stated that with the resolution of network congestion problems, the transaction volume of the smart contract platform will increase 100 times.

Ethereum's co-founder points to 100x. Vitalik Buterin said his team could be just weeks away from alleviating the smart contract's scaling issues. Buterin pointed out that the promised solutions can increase the transaction volume of the smart contract platform by 100 times.   Project Showed 100x Ethereum co-founder Vitalik Buterin stated on an episode of the Tim Ferris Show that the aggregations could increase the scalability of Ethereum before the highly anticipated ETH 2.0 launch. Biterin stated that ETH's workaround to network congestion issues could be ready within a few weeks, and these would increase the transaction volume of the smart contract platform by 100 times. The team eventually plans to use sharding, known as the process of splitting the ETH infrastructure, to spread the load of the network and increase scalability. Ethereum's co-founder states that they are currently focusing more on finding a way to fully leverage and consolidate aggregations with a proof-of-stake system. Buterin also stated the following in his statements on the subject: “… Basically there is proof of stake, stable, working since launch, and we will combine all proof of work activity with it at some point very soon. So there will be sharding too… I'll admit that we've actually prioritized unification over sharding lately. The reason this has to do with the other thing, the additions, isn't it? The thing to note is that if you have aggregations but no sharding, you still have 100x factor scaling, right? Depending on how complex these transactions are, you still have the blockchain's ability to go anywhere from 1,000 to 4,000 transactions per second. And so, as I mentioned, optimism with additions is that all the talented picking is coming to market. It is first released in about a month. ”   Lark Davis: ETH Could Revenge For Scalability News that an Ethereum scaling solution may be just around the corner could help the smart contract platform maintain its edge over other Blockchain networks such as Binance Smart Chain (BSC). In his previous analysis, Lark Davis showed high GAS charges in ETH. Davis stated that this is a big problem and that ETH has become "a reserved chain for rich investors". Lark Davis made very important statements in a new video this week, following the news of Vitalik Buterin about the Ethereum update. Davis said that if the ETH Blockchain actually scaled up soon, it would return Ethereum and send a massive ultimatum to all the so-called Ethereum killers. According to Lark Davis, ETH can take its revenge in terms of scalability.   Source: Kriptokoin.com