Vitalik Buterin Says Ethereum Will Scale To $100k TPS

Ethereum made headlines not too long ago when it’s been revealed that it has some pretty strong fundamentals, and this is becoming more and more obvious.

This is one of the reasons for which there are some bullish predictions that are popping up around the digital asset.

ETH 2.0 update is around the corner

Vitalik Buterin said that Ethereum is getting ready to supercharge the throughout as devs continue to work on the much-awaited ETH 2.0 update.

This is designed to boost the blockchain’s scalability and performance as it’s shifting from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism.

On Twitter, Buterin said that the switch to ETH 2.0 would not be happening overnight, but it will end up with the network scaling with the capabilities to handle 100k TPS.

Buterin says Ethereum will likely rely on rollups as the network transitions to ETH 2.0 – this means that second-layer solutions will boost the network’s speed before the upgrades are implemented directly into the blockchain, as revealed by the Daily Hodl.


It’s also important to note the fact that the launch date of ETH 2.0 is not clear yet.

Someone commented: “You guys have to be quicker. What happens if alternatives like #ADA or #ZIL come into play and take over?”

At the moment of writing this article, ETH is trading in the red and the coin is priced at $225.70.


People Mentioned

Vitalik Buterin
Vitalik Buterin

Vitaly Dmitriyevich "Vitalik" Buterin is the co-founder of Ethereum, the world's most popular smart contract platform that enables developers to build decentralized applications (at the time of wirting this, ETH has a market cap pf $2B). Prior to his development of Ethereum, Buterin was the co-founder of Bitcoin Magazine.

Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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