Ethereum’s next phase – Buterin proposes new scalability strategy – BitRss

• Ethereum’s Layer 2 solutions enhance scalability and reduce transaction costs
• Blob transactions are vital for scaling Ethereum and supporting millions of users

In his latest blog post, Vitalik Buterin reignited the conversation around Ethereum’s [ETH ($3,279.32)] scalability, offering fresh insights into how the network can evolve to maintain its dominance in the blockchain ecosystem.

With Ethereum’s growth hitting a bit of a plateau recently, Buterin stressed on the urgency of embracing Ethereum’s Layer 2 solutions more fully. Both to enhance the market value of ETH and to solidify its critical role in the wider blockchain economy.

Here, it’s worth pointing out that his proposal came just days after Buterin announced significant changes in the Ethereum Foundation. Hence, this could be a pivotal moment for the network as it seeks to adapt and thrive in an increasingly competitive space.

Ethereum – Reaching the limits of layer 1

Ethereum has grown significantly, but scalability remains a major issue for it. High transaction fees and congestion have plagued the network, with Vital…