Vitalik Buterin says Ethereum is gearing up to supercharge its throughput as developers continue to work on the long-awaited ETH 2.0 update.
Ethereum 2.0 is designed to improve the blockchain’s scalability and performance as it shifts from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism.
In a new tweet, the Ethereum co-founder says the switch to ETH 2.0 will not happen overnight, but it will eventually lead to the network scaling with the capabilities to handle 100,000 transactions per second (TPS).
Buterin says Ethereum will likely rely on rollups as the network transitions to ETH 2.0, meaning that second-layer solutions will boost the network’s speed before upgrades are implemented directly into the blockchain.
“ETH2 scaling for data will be available *before* ETH2 scaling for general computation. This implies that rollups will be the dominant scaling paradigm for at least a couple of years: first ~2-3k TPS with eth1 as data layer, then ~100k TPS with eth2 (phase 1).”
The launch date of ETH 2.0 remains unclear amid delays in scheduled deployment. The initial roll out was set to begin in January, but researchers pushed it back.
ETH 2.0 will be rolled out in phases. In May, ETH 2.0 testnet coordinator Afri Schoedon said that based on the current progress of the project, phase 0 will likely happen at the end of this year or early next year. The initial phase will launch the beacon chain that will implement proof of stake.