Buterin predicted Ethereum to reach 100,000 TPS throughput
Ethereum co-founder Vitalik Buterin announced at the annual EthCC community conference in Paris that the network will reach 100,000 TPS in the future.
🎤Welcome back @VitalikButerin 🎤
— EthCC – Ethereum Community Conference (@EthCC) July 21, 2022
Speaking now at EthCC[5], in a talk named: « Thoughts about the longer term future of the Ethereum protocol »
Livestream👇https://t.co/XCrqygsq2N pic.twitter.com/oqC0nZCv41
Speaking at the event, Buterin talked about the upcoming “merge” (The Merge), in which blockchain will switch to the Proof-of-Stake (PoS) consensus algorithm, and presented the long-term development prospects.
Further updates will involve the implementation of sharding and increased use of Rollups, which will increase network throughput.
“By the end of this roadmap, Ethereum will be a much more scalable system and will be able to handle 100,000 TPS,” Buterin said.
Among the most significant future changes he cited:
- in monetary policy – a further reduction in the annual issue of ETH;
- in the security model – Weak Subjectivity, Data Availability Sampling (DAS), access to L2-solution history, updated cryptography;
- in the process of enabling a transaction – EIP-1559, account abstraction, offeror/creator block splitting (PBS).
According to Buterin, achieving these goals is difficult because of the complexity of the network and how quickly it changes.
Recall that in July, Ethereum developers tentatively scheduled the implementation of The Merge for September 19, 2022.
In May, team representatives predicted an update in August. Buterin also named that month as the most likely time for the transition, but allowed the event to be moved to September-October in case of “potential risks.”