A naukri.com initiative
Altcoinbuzz
3w
92
Vitalik Buterin Talked about “The Surge”: Ethereum’s Future
- The Surge is part of Ethereum’s roadmap and a step towards scalability that aims to increase transaction speed and reduce gas costs. The upgrade will improve censorship resistance, decentralization, and protocol risks from MEV and reduce computational costs of running nodes. The next upgrade in The Surge is the Prague/Electra Upgrade that will allow to pay gas fees with various tokens and make smart contracts faster.
- The Surge aims to provide L1s and L2s with over 100,000 TPS and keep L1 decentralized and robust while allowing L2s to inherit Ethereum’s core properties and be interoperable. Ethereum tries to achieve these goals with seven steps including solving the blockchain trilemma, using data availability sampling and data compression, using generalized plasma to increase TPS to 100,000+, and improving trustless L2 proof systems.
- Ethereum is also looking to improve cross-L2 interoperability and scaling execution on L1 to maintain balance between L1 and L2. The Surge upgrade and these steps will make Ethereum more scalable, but it is a slow and complex process. $ETH’s current price is $2,702.92 with a $325 billion market cap and infinite max supply.
- Altcoin Buzz reminds readers that the information shared is for education, entertainment, and informational purposes only and not financial advice. Cryptocurrencies are high-risk investments.
Read Full Article
5 Likes
For uninterrupted reading, download the app