Until the release of Ethereum 2.0’s sharding (a technology that divides and processes data), the’roll-up solution’ will solve the problem of lack of scalability, the founder of Ethereum said.
Currently, the transaction processing speed (TPS) per second of the cryptocurrency’Ethereum’ is about 20. Vitalik Buterin, the founder of Ethereum, appeared on the podcast broadcast’Tim Ferris Show’ on the 10th. Regarding the solution to the scalability problem of Ethereum, “Ethereum scalability (layer 2) developer Optimism “We will release rollup solutions that are compatible with virtual machines (EVM) soon.”
In the podcast, he said, “A roll-up solution can improve the problem of lack of scalability in Ethereum 100 times.”
Rollup is one of the Layer 2 solutions to speed up Ethereum’s transaction processing (solving the lack of scalability). Usually, until now, the blockchain records all transaction information in blocks of a limited size, so there are physical and temporal restrictions. This makes it impossible to process a large amount of transactions within a short time, which is called the’scalability problem’ of the blockchain.
Layer 2 is a solution to connect a separate off-chain by adding Layer 2 (new blockchain) to Layer 1 (existing Ethereum blockchain) originally used to solve this scalability problem. Transaction-related operations and verification are performed on the off-chain (Layer 2) outside the existing blockchain, and only the results are stored in Layer 1.
Optimism is developing one of these roll-up solutions, the Optimistic Roll-up.
Buterin said, “If rollups are introduced before other solutions (sharding) come out, the scalability of Ethereum can be improved 100 times compared to the existing one.” There will be” he added.