Vitalik Buterin Shares Insight on Scaling Ethereum L1 and L2s
In a recent blog post , Ethereum cofounder Vitalik Buterin shared details on improving the scalability of the Ethereum layer-1 and layer-2 protocols. Buterin’s comments come amid heightened criticism of the Ethereum Foundation following the asset's declining market capitalization.
Buterin's Ethereum scaling strategy
Over the years, the Ethereum blockchain has become a reputable force in the blockchain space.
Millions of individuals hold ETH as savings, and many more utilize the asset for payment. The blockchain also features decentralized finance (DeFi) tools that provide millions of consumers with higher yields than the traditional market.
For Ethereum to continue building up its technical and social properties, Buterin emphasized the need to address challenges facing L2 protocols.
One primary challenge Buterin noted is that blob space is not expansive enough to cover the L2s and use cases. He also noted another challenge of heterogeneity, which has translated into composability and user experience problems for developers and users.
For the first challenge, Buterin proposed giving Ethereum more blobs. He added that the L1 can do moderate short-term scaling while improving proof of stake, storage, EVM and cryptography.
For the second challenge, Buterin proposed to continue implementing scalability via L2s, ensuring they deliver on their promise. To fulfill this mission, Buterin said L1 needs to accelerate scaling blobs , moderate the amount of EVM scaling and increase the gas limit.
L2s, on the other hand, must continue to improve security and accelerate the standardization of interoperability.
Furthermore, Buterin proposed incentivizing layer-2 networks to dedicate a percentage of their revenues to ETH through techniques such as fee burning. Other measures include permanent staking or diverting proceeds to public goods within the Ethereum ecosystem.
Ethereum-to-BTC ratio slips to record lows
Meanwhile, the widely monitored Ethereum-Bitcoin ratio has fallen to 2021 levels. On Monday, Bitcoin (BTC) hit a record high above $109,000, returning 160% gains to investors over the past year.
However, Ethereum recorded only 51% gain within the same period. The price analysis revealed the asset is currently down 30% below its 2021 peak.
With the scaling plan, Ethereum may house more dApps that will see increased ETH usage. In the long term, the impact on the price will be positive.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
38% Dogecoin Rebound, Cardano Tests AI Limits, But Unstaked’s AI Advantage Steals the Show
Dogecoin (DOGE) jumps 38%, and Cardano (ADA) launches an AI testnet, but Unstaked’s advanced AI agents go beyond marketing, offering real impact and value.Dogecoin (DOGE) Future: Aiming for $3.94 with MomentumCardano (ADA) Blockchain Tests AI ScalabilityUnstaked: AI That Goes Beyond MarketingFinal Take: Real AI Utility vs. Hype

ETH Trades at Historic Lows vs BTC Since 2019
ETH hits lowest value compared to BTC since 2019, raising questions on a potential rebound amid mixed fundamentals.ETH Undervalued Against BTC: A Historical SetupBullish History, Bearish FundamentalsPatience Required for Ethereum Bulls

Popcat Climbs, Dogecoin Stalls, But BTFD Triples Tokens with 200% Bonus—Best Meme Coin Presale to Buy Now Before May 26 DeadlineConclusion: Don’t Mis
BTFD Coin surges in Stage 15 with 90% APY staking and 200% bonus. Best meme coin presale to buy now before it launches on May 27!BTFD Coin (BTFD) – The Bulls Are Charging, Are You In?Dogecoin (DOGE) – The OG Meme King Facing Shaky GroundPopcat (POPCAT) – The Smart Money Magnet of the Moment

SHIBA’s Hype Fades, ADA Devs Work; Meanwhile, Web3 ai Becomes Highest Trending Crypto With $500K Frenzy
Explore Shiba Inu (SHIBA) recovery trends, Cardano (ADA) prediction backed by developer growth, and how Web3 ai’s Portfolio Optimizer replaces guesswork with smart strategy. Learn why Web3 ai is gaining traction among the highest trending crypto tools.Web3 ai’s Portfolio Optimizer Turns Guesswork Into GainsShiba Inu (SHIBA) Recovery Sparks Renewed Interest After Key Price ReboundCardano (ADA) Prediction: Development Surge Fuels Bullish OutlookStrategy Over Speculation

Trending news
MoreCrypto prices
More








