Originally published on: October 17, 2024
Ethereum co-founder, Vitalik Buterin, has set ambitious goals for the Ethereum blockchain in its upcoming phase known as the “Surge.” In a recent technical blog post dated October 17th, Buterin outlined the key objectives for the Surge, including achieving a transaction speed of more than 100,000 transactions per second (TPS) across Ethereum’s mainnet and layer-2 blockchains. He also emphasized the importance of enhancing interoperability among layer 2s.
One of Buterin’s main goals for the Surge is to create a more unified ecosystem within Ethereum. He stated, “Ethereum should feel like one ecosystem, not 34 different blockchains.”
While celebrating the achievements of Ethereum’s rollup-centric roadmap, Buterin acknowledged the challenges that have arisen, particularly with the introduction of “extractive L2s” that critics claim are diverting users and revenue from the mainnet. However, the Dencun upgrade in March brought about significant scaling improvements, such as cost-efficient data storage and reduced fees on layer 2 networks.
To address the evolving landscape of Ethereum, Buterin stressed the need for trustless rollups that can inherit Ethereum’s core properties and contribute to long-term scalability. He also highlighted the importance of enhancing the user experience across various layer-2 networks and improving communication between them to streamline operations for users.
Looking ahead, Buterin emphasized the necessity of scaling the Ethereum base chain to meet growing demands and mitigate potential risks. He proposed solutions such as increasing the gas limit and introducing cost-effective features without compromising decentralization.
In conclusion, Buterin’s vision for Ethereum’s Surge phase aims to revolutionize the blockchain’s capabilities, enhance user experience, and foster seamless integration across layer-2 networks. As Ethereum continues to evolve, Buterin remains committed to preserving the platform’s robustness and decentralization while embracing innovative solutions for future growth.