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Ethereum Co-Founder Vitalik Buterin Says Ethereum Base Layer Scalability Is Years Away, Advocates For Layer Two Solutions
Summary: Co-founder of Ethereum, Vitalik Buterin, wrote in a post on Friday that the blockchain is nearly unusable for many types of applications and that scalability is years down the road. He elaborated that layer one is not sufficient for many types of applications and that there is no non-layer two path that gets the community ...
Co-founder of Ethereum, Vitalik Buterin, wrote in a post on Friday that the blockchain is nearly unusable for many types of applications and that scalability is years down the road.
He elaborated that layer one is not sufficient for many types of applications and that there is no non-layer two path that gets the community to scale in the short-to-near term.
The crowding on Ethereum's layer one is already evident from high gas fees which make the blockchain not worth using unless making a large transaction.
Buterin offered an update on Ethereum 2.0 — an upgrade to the network which has long promised scalability solutions — stating that the early phases are fast-approaching but that base-layer scalability is still years away.
Until base-layer scalability is possible, Buterin argued that the Ethereum community needs to turn to layer two solutions, however this would require domains already on the base layer to migrate.
By Emily Mason
Tags: ETH 2.0,Ethereum,Vitalik Buterin
Link: Ethereum Co-Founder Vitalik Buterin Says Ethereum Base Layer Scalability Is Years Away, Advocates For Layer Two Solutions [Copy]
