ON THE FUTURE OF ETHEREUM
ON THE FUTURE OF ETHEREUM
Ledger CTO Charles Guillemet shares his thoughts on the future of Ethereum and the Ethereum protocol's potential to support mainstream adoption of Web 3.0.
What you need to know:
– Ethereum, the world's second largest blockchain by market cap, recently moved from Proof-of-Work to Proof-of-Stake consensus with a major software upgrade called “The Merge.”
– Although it was a successful transition, there are some question marks regarding Ethereum's scalability and readiness for the next phase of Web 3.0 development.
– This article discusses the challenges Ethereum faces in terms of scaling and evaluates its ability to meet mainstream adoption needs. While it is stated that a perfect scaling solution does not yet exist, Layer 2, which includes Optimistic and Validity Rollups, has the best potential for high scalability with a good balance in terms of the blockchain trilogy.
– More precisely, Optimistic and Validity Rollups using ZKP technology; It will have a key role in shaping the future of Ethereum by enabling complex transactions that do not require trust and permissions at certain scales.
