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Home»Bitcoin»Vitalik Buterin: The Only Way to Scale the Layer 2 Ethereum Network
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Vitalik Buterin: The Only Way to Scale the Layer 2 Ethereum Network

cryptossorBy cryptossorNovember 6, 2021No Comments2 Mins Read
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Ethereum founder Vitalik Buterin spoke about Layer 2 scaling solutions at the Blockchain conference in China.

Contact us to be instantly informed about the last minute developments. Twitter and Telegram you can follow our channel.

Speaking at the International Shanghai Blockchain Week, Vitalik Buterin stated that Layer 2 network scaling is the future of Ethereum and the only way to maintain decentralization.

Buterin acknowledged that there is a serious need to scale the network, that native solutions such as sharding may still be a long way off.

Buterin confirmed that base tier scaling will not be implemented until the final stage of the ETH 2.0 upgrade. He suggested that aggregations are an up-to-date solution that works well and should be adopted.

Vitalik Buterin made the following statements in his speech;

“Part chains will ship in 2022, depending on how far the work has progressed. ”

Until then, Layer 2 scaling seems like the only practical way to use it without having to spend a fortune on Ethereum gas fees.

Layer 2 protocols and aggregators have become increasingly popular as Ethereum shows no signs of a drop in transaction fees.

According to L2beat, which watched the scaling scene, the total value locked in L2 platforms reached a record $4 billion.

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