2022-07-24 19:32:50
Ethereum will reach 100,000 transactions per second in 5 stagesLet's look at how
The Merge - the transition of the ether to the Proof-of-Stake (PoS) protocol.
• energy consumption will decrease by 99%
• ETH will become deflationary
The merger is scheduled for September 19.
The Surge - implementation of sharding technology on Ethereum.
Sharding splits the entire blockchain network into smaller sections, known as "shards". This will significantly increase the scalability of the network.
This is how the Near Protocol works with a maximum throughput of up to 100k transactions per second.
The Verge — the introduction of Verkle trees, a powerful update of the existing hash function.
These technical updates will allow users to become network validators without having to store large amounts of data on their computers. Ultimately, this helps ETH become more scalable.
The Purge — reducing the amount of space that validators need to have on the hard disk.
Trying to simplify the Ethereum protocol over time and not require nodes to store history optimizes storage, which in turn reduces network congestion.
The Splurge is a series of small network improvements after the previous 4 updates.
"The difference between Bitcoin and Ethereum is that bitcoiners believe that Bitcoin is 80% complete, and ethereums believe that Ethereum is 40% ready" — Vitalik Buterin.
ETH has 2 times more technical potential than BTC.
News | Crypto | NFT
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