Vitalik Buterin: Ethereum has No Non-L2 Path for Scalability in Medium Term with ETH 2.0 Years Away

It has been Ethereum co-founder’s words that Layer 1 is “nearly unusable for many classes of applications” and compromise is needed to avoid going to the “phase 1.5 and done.”

“Base-layer scalability for applications is only coming as the last major phase of eth2, which is still years away,” wrote Ethereum co-founder Vitalik Buterin in the Ethereum roadmap update.

But Buterin doesn’t like that crypto media is putting it out there. Buterin’s saying that the media “selectively sound-bites” him and he’s just going to ignore it all has been in response to a crypto community member‘s remarks on the co-founder “comments not helping ETH.”

On ”A rollup-centric ethereum roadmap,” Buterin proposed a full focus on the second layer method because the base layer is nowhere near becoming a reality yet.

Buterin may not like what the media is publishing, but it has been just his words. About a year back, he had also talked about scalability being a “big bottleneck” for Ethereum blockchain, which is “almost full” and “keeping people from joining.”

“No Choice”

Over the past few months, the DeFi mania took over the Ethereum network sending the fees to an all-time high, breaking new records every month, pushing the small players out, and making it a big players game.

“The L1 is nearly unusable for many classes of applications, and there’s no non-L2 path that can get us to scalability in the short-to-medium term,” are exactly Buterin’s words this time.

He further talked about how the high fees on prediction platform Augur made it “very much “for the niche people and not for the world.”’

“If you are not convinced to go “all the way” on the “phase 1.5 and done” direction, there is a natural compromise path to take,” — which is to have a small number of execution shards and more data shards.

He has also been a staunch supporter of Layer 2 solutions, which he suggests building into the wallets like Metamask or Status. But more work needs to be done on cross-L2 transfers.

With most of the applications on layer 1, they would need to be migrated to layer 2 solutions. Some of the popular DeFi projects like Compound, Sunyetix, and Uniswap have already announced support for one such solution, Ethereum Optimism, which recently launched the first stage of their testnet.

Though there is “no choice” but to go with Layer 2 solutions, that will still take time.

Ethereum (ETH) Live Price

1 ETH/USD =408.5706 change ~ -2.44

Coin Market Cap

46.22 Billion

24 Hour Volume

14.94 Billion

24 Hour Change

-2.44

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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