Vitalik Buterin: Ethereum (ETH) scalability has increased by a factor of 5
Buterin said scaling improvements have been incremental, but perhaps ETH 2.0 is the only viable solution available.
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Buterin said scaling improvements have been incremental, but perhaps ETH 2.0 is the only viable solution available.
Samuel Wan 3 min read
According to Buterin, the long-anticipated upgrade has increased the Ethereum chain capacity, but while the price of the world’s second-largest crypto went up, gas fees remained high.
The Ethereum Improvement Proposal (EIP)-1559 played out nicely in the first week of the altered transaction fee structure.
Recently, L2s have seen an exponential increase in demand with hundreds of Dapps moving to Polygon to obtain faster transactions & cheaper gas fees. However, the user experience moving into and out of Polygon is complicated and time consuming.
Vitalik Buterin said he's more positive on ETH 2.0 now that the London hard fork went off without a hitch.
The Ethereum network underwent one of its most crucial upgrades last night. And things are going as planned so far.
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