Sharding can return Ethereum to the amount of millions of TPS.
A social media post by an Ethereum researcher has sparked speculation that it could be a solution to the scalability challenges of the Layer-1 blockchain.
On November 11, Ethereum researcher Justin Drake announced that he will announce an “ambitious” initiative for Ethereum on X. Drake said he considered redesigning Ethereum's consensus layer “from scratch,” which some interpreted as a move to address its scalability issues.
Source: Justin Drake
The researcher said the aim was to suggest a strategy for sending a beacon chain roadmap. In the year He is expected to share his proposal at DevCon in Bangkok, Thailand on November 12.
The community speculates about ETH 3.0.
Following Drake's post, rumors about the ETH 3.0 update spread among the Ethereum community. On X, Ambient Finance founder Doug Colquitt posted about ETH 3.0's announcement of a “second merger to a new consensus with around 1 second block times” and a rumored Zero Knowledge Ethereum Virtual Machine (zkEVM).
Source: Doug Colquitt
According to Colquitt, if the rumors are true, having a native zkEVM would be a “huge” update:
“The gas limit can be completely removed. Builders can build arbitrarily large blocks because nodes only need to ensure congestion. The only remaining size limit is bandwidth.”
Colkitt expressed hope that a zkEVM could represent arbitrary scaling and eliminate the need for a layer-2 package.
Not all community members were on board with ETH 3.0. One community member said the rumor was “100% BS”, pointing out that such important updates were suggested months ago. A community member pointed out that if such an update was imminent, related Ethereum update proposals could have been submitted.
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How Ethereum Can Solve the Scaling Problem
In an interview with Cointelegraph's Andrew Fenton, Consensus CEO Joe Lubin discussed possible solutions for Ethereum expansion.
According to Lubin, the Ethereum ecosystem could revisit the old execution concept, using zkEVM at Layer 1 to create similar execution fragments:
“What's interesting about that is, when we came up with the idea of implementing a way to use Layer 1 a few years ago, all we had to do was open up this unique search and a lot of things came back. “
Lubin added that there is a lot to learn from the development of zero-knowledge approaches and optimistic approaches that can be traced back to Ethereum's Layer 1 to “make everything better.”
Lubin also says that this could lead to scalable solutions for Ethereum: “You're breaking down big computations into multiple layers and streamlining multiple computations into a single transaction. If you do this every two seconds or less, you'll get more transactions per second.
Lubin is optimistic that these approaches will allow Ethereum to achieve millions of transactions per second, but admits that full implementation could take several years.
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