Ethereum Aims for 10,000 Transactions Per Second

Ethereum, a leading blockchain network, is set to enhance its transaction speeds as part of its ongoing efforts to maintain its position as a top blockchain. Justin Drake, a researcher at the Ethereum Foundation, recently unveiled a new roadmap dubbed the "gigagas era." This era aims to enable Ethereum to process 1 gigagas per second, which translates to approximately 10,000 transactions per second (TPS). This is a significant goal for Ethereum's layer 1, especially considering its past struggles with transaction bottlenecks.

To achieve this ambitious target, Drake proposed the deployment of zk VMs and real-time proving. These technologies are expected to play a crucial role in boosting Ethereum's transaction processing capabilities. The push towards 10,000 TPS is driven by the need for Ethereum to be prepared for mass adoption, given the recent pro-crypto developments worldwide. A higher TPS would not only benefit the Ethereum network but also help it retain its dominant position as one of the top smart contracts blockchains.

The gigagas era represents a significant milestone for Ethereum, as it aims to overcome its scalability challenges. By increasing its transaction processing capabilities, Ethereum seeks to attract more users and developers, further solidifying its position in the blockchain ecosystem. The successful implementation of the gigagas era could pave the way for Ethereum to become a more efficient and scalable blockchain, capable of handling a larger number of transactions.