co-founder Vitalik Buterin addressed the audience at this conference and spoke about the long-term potential of the network.the upcoming “Merge,” which will see Ethereum’s transition fromMoreover, while describing the long- and short-term effects of the Merge, Buterin stated,
“After the merge, you will be able to design an Ethereum client that does not even know the proof-of-work phase has happened.”At the end of this road map, Ethereum will be a much more scalable system. By the end, Ethereum will be able to process 100,000 transactions per second.” According to him, post Merge, the protocol will be “55% complete” in terms of the overall evolution of the Ethereum network. Therefore, developers have a lot of work ahead of them.The intended “deep changes” are being made to make Ethereum a more potent and reliable network, according to Buterin. He informed the audience that following the integration, Ethereum will go through additional upgrades that he refers to as the “surge,” “verge,” “purge,” and “splurge.
It will also reduce the cost of rollups or bundled transactions, and make it simpler for users to run nodes that protect the Ethereum network. Buterin added that the Ethereum network will handle transactions more quickly after the surge is over.
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Source: CryptoAmb - 🏆 22. / 68 Read more »
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