"Ethereum's Buterin Unveils 2025 Scaling Vision: Layer 2, Blobs, and 100K TPS"

Ethereum's Founder Unveils Scaling Vision for 2025

Vitalik Buterin, the founder of Ethereum, has outlined his vision for the blockchain's future, emphasizing the critical role of Layer 2 protocols. These protocols, once experimental, now lock up billions of dollars in value and have increased Ethereum's transaction capacity by 17 times. Buterin's vision for Ethereum is a censorship-resistant, decentralized blockchain with applications ranging from DeFi to social networks and enterprise solutions.

Buterin's scaling plan focuses on several innovation points, including the storage capacity of blobs, big data units used in Ethereum transactions. Updates like EIP-4844 and future Pectra are expected to double blob storage capacity by March 2025. These advancements will help address Ethereum's main scalability issues, with further improvements from PeerDAS and 2D sampling potentially pushing transaction speeds as high as 100,000 transactions per second (TPS).

Security, interoperability, and ETH's economic value are also key priorities for Buterin. He believes that leaving multisig systems behind and evolving into trustless rollups can improve security, along with other innovative solutions like multi-provers, formal verification, and native rollups. Interoperability will be a crucial focus in Ethereum development, with seamless cross-chain bridges and faster deposit and withdrawal times being key priorities. Buterin also stresses the economic value of ETH, proposing fee burning, staking ETH, and increasing blob capacity to ensure Ethereum remains a robust and adaptable ecosystem even in the face of growing L2 dominance.

Paradigm Urges Ethereum to Speed Up Updates Amid Rising Competition

Paradigm, a top venture capital and research firm in blockchain, has called on Ethereum to accelerate its update cycles to stay competitive. The firm points to ossification and inertia as major obstacles to the network's progress, warning that slow updates could push users and developers toward rival platforms. Currently, Ethereum undergoes one major update per year, a pace Paradigm sees as limiting its ability to innovate and adapt. In a detailed post, Paradigm stressed the need for more frequent upgrades to allow Ethereum to respond effectively to market shifts and technological advancements while preserving its core values.

Paradigm identified oss