It’s been revealed that Ethereum’s Vitalik Buterin said that ETH would be able to process about 100k transactions per second. Check out the latest reports below.
ETH to be able to process 100k tps
Here’s a relevant tweet about what he had to say:
.@VitalikButerin claims that #Ethereum will be able to to process “100,000 transactions per second”, following the completion of 5 key phases:
• The Merge
• The Surge
• The Verge
• The Purge
• The SplurgeA quick breakdown of what each stage means for $ETH. 👇 pic.twitter.com/FnaWww8mHZ
— Miles Deutscher (@milesdeutscher) July 22, 2022
Here’s the info about the merge:
1. THE MERGE
The merging of the execution layer (current mainnet) and the Beacon Chain (new POS layer).$ETH:
• Now becomes a deflationary asset (reduced issuance)
• Cuts power usage by 99%The date of this upgrade is currently September 19th, 2022. https://t.co/O4Gmvl7aoD
— Miles Deutscher (@milesdeutscher) July 22, 2022
Check out more info about what he had to say:
“THE SURGE (2023) The introduction of Sharding on Ethereum. Sharding splits a blockchain’s entire network into smaller partitions, known as “shards.” This will significantly increase the network’s scalability.”
And he also shared information about the verge:
“3. THE VERGE Introduces verkle trees, a “powerful upgrade to Merkle proofs that allow for much smaller proof sizes.” This will optimise storage on Ethereum and help reduce node size. Ultimately, this assists $ETH in becoming more scalable.”
We suggest that you take a look at the complete data about Ethereum in the thread on Twitter.
This will happen to ETH following the recent surge
A widely followed crypto analyst is revealing what he thinks will come next for the top smart contract platform Ethereum (ETH) after its highly-anticipated merge to proof-of-stake.
In a new video update, the pseudonymous host of Coin Bureau known as Guy made sure to highlight that Ethereum’s upgrade should come by the end of the year and spark fresh ETH rallies.
