Ethereum price is not living up to expectations, at least for now. While the second most valuable crypto in the world struggles to excite investors, its co-founder, Vitalik Buterin, is focusing on ambitious projects that could shake up the future. At the 10th Global Blockchain Summit, he shared his plans for Ethereum, including a record speed of 100,000 transactions per second and other promising innovations.
Still ambitious goals for Ethereum
Vitalik Buterin clearly announced the big ambitions of Ethereum at the Global Blockchain Summit on October 17 in Shanghai. Among the priorities: exceed 100,000 transactions per second via layer 2 solutions, enable cross-chain transfers in less than two seconds, and unify the user experience.
There security of cross-chain exchanges will also be strengthened, taking precedence over improvements to the EVM (Ethereum Virtual Machine).
Here are the main goals for Ethereum:
- More than 100,000 transactions per second (TPS) thanks to L2 solutions;
- Cross-chain transfers in less than two seconds;
- Increased cross-chain security, prioritized over other improvements.
Buterin did not mince his words: “ We intend to radically change user experience and to redefine what it means decentralization. »
He seems determined to make Ethereum an undisputed leader in the blockchain space.
Crypto market trends and challenges
The crypto market, in full swing, sees new projects emerge every day, but few manage to establish themselves like Ethereum. However, theChallenges remain numerous : massive adoption, regulation, and technological developments are all parameters to monitor closely.
Hackathons and conferences like ETHShanghai 2024, dedicated to innovation in Web3, demonstrate a global craze for blockchainbut also the high expectations of the community.
During the Shanghai International Blockchain Weekevents such as MEV Shanghai and Bethink Hackathon have shown that innovation never rests. Please note, rewards of up to CNY 100,000 were offered to the best developers for innovative solutions. These initiatives make it possible to imagine the technologies of the future, with Ethereum as the leader.
According to some analysts, Vitalik Buterin's plan to reach 100,000 transactions per second could well cause the price of Ethereum to explode.
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