Vitalik Buterin has posted Part 2 of his plans for the Future of Ethereum. The Ethereum co-founder’s latest insights, labeled ‘The Surge ,’ detail his vision for a more robust and cohesive ecosystem.
Also heavily featured in The Surge, Buterins calls for improvements to Ethereum’s scalability and efficiency. He mentions an ambitious goal for the network to eventually achieve over 100,000 transactions per second (TPS) across both Layer-1 and Layer-2 chains.
Possible futures for the Ethereum protocol, part 2: The Surge https://t.co/DdEUpV4zQN
— vitalik.eth (@VitalikButerin) October 17, 2024
Ethereum’s Current TPS Rate Is 12-15 – A Long Way From Vitalik’s 100,000 Dream
Currently, the Ethereum blockchain processes transactions at around 12-15 TPS. An increase to 100,000 would allow Ethereum to handle a much larger volume of transactions, making it more usable for everyday applications.
Vitalik makes it clear that although scaling is crucial, maintaining the decentralization and robustness of the network is key. He stresses that Ethereum’s core properties—trustlessness, openness, and censorship resistance must remain intact.
In his latest post, the Ethereum co-founder also focused on ensuring that certain L2 solutions built on Ethereum fully inherit those same core properties. He believes this is vital as it allows users to benefit from faster and cheaper transactions of an L2 while still trusting the underlying Ethereum network.
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Buterin Calls For An Improvement To Ethereum Layer 2s – Wants A ‘Unified Ethereum Ecosystem’
🚀 Vitalik on Ethereum's future:
✅ The Surge:
⭐️100,000+ TPS across L1 & L2
⭐️Decentralized, robust L1
⭐️Some L2s fully inheriting Ethereum's trustlessness & openness
⭐️Seamless L2 interoperability, making Ethereum one unified ecosystem, not fragmented blockchainsThoughts? https://t.co/Olo7nrh9Zt pic.twitter.com/vbQFbIvKEz
— 0xCB🛸 (@cryptoboys27) October 17, 2024
Interestingly, Buterin envisions a future where interoperability among different L2 chains becomes seamless. One of his ‘key goals’ is listed as ‘Maximum interoperability between L2s. Ethereum should feel like one ecosystem, not 34 different blockchains.’
He calls the L2 ecosystem ‘difficult to navigate’ for users. He says, ‘If we are serious about the idea that L2s are part of Ethereum, we need to make using the L2 ecosystem feel like using a unified Ethereum ecosystem.’
This latest post from Vitalik highlights the importance of building a scalable yet robust Ethereum. It will be interesting to see which L2s fall under this idea of a homogenized ecosystem, all adhering to the core principles that Ethereum is built upon.
Pepe Unchained ($PEPU) – Could This L2 Be The Meme Coin Arm Of Vitalik’s Dream Ethereum Ecosystem?
Pepe Unchained is an upcoming L2 built on Ethereum that will become a central hub for meme coins. The team shares that same vision with Vitalik by utilizing the trust and security of Ethereum while harnessing the low fees and fast speeds that come with an L2 solution.
PEPU is still in presale and has just raised an insane $20 million. Many smart investors seem to agree that Pepe Unchained will become a leading L2 within the Ethereum ecosystem.
WE JUST HIT $20M RAISED!
And with this milestone, we have another major project update to share with our incredible community! pic.twitter.com/z9xlqZ2dAV
— Pepe Unchained (@pepe_unchained) October 16, 2024
The team behind Pepe Unchained is serious about becoming a meme coin powerhouse, as evidenced in their ‘Frens With Benefits’ initiative. They have a grant scheme where blockchain developers can apply for funding to build a project on the PEPU network. The grants are now open, and anyone can apply here .
This presale phase is scheduled to end soon, and rumors of multiple CEX listings for PEPU are circulating soon after launch. There are just over 24 hours before the next price stage increases, so this may be one of the final chances to secure a bag of PEPU at presale prices before it hits the open market.
VISIT PEPE UNCHAINED HERE
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