Vitalik Buterin said the network is “on the verge” of scaling 100x as the Optimism developers launch their second tier solution in the coming weeks.
In the podcast The Tim Ferriss Show, Ethereum co-founder Vitalik Buterin said that ETH 2.0 developers are focused on merging the chain with ETH 1.0. Layer 2 solutions can support the network until sharding is deployed.
“Rollups are coming very soon,” he said. “We are fully confident that by the time we need more scalability, sharding will be up and running.”
Roll-ups (rollups) are second-tier solutions that process and store transaction data on the sidechain before aggregating transaction bundles into the main Ethereum network. They are intended to address the scaling issues of Ethereum that have led to skyrocketing fees in recent months.
ETH 2.0, when fully deployed, will use sharding for scalability. Buterin believes that the introduction of roll-ups in Ethereum will be sufficient in the medium term. Even these second-tier solutions can improve Ethereum’s throughput by a factor of 100:
“It should be remembered that if there are roll-ups but no sharding, 100x scaling is still available. We still have the ability to increase throughput to between 1,000 and 4,000 transactions per second, depending on how complex those transactions are. ”
Buterin said that the developers of the second level Optimism solution will release their fully compatible with the Ethereum virtual machine (EVM) roll-ups “in about a month.” Optimism for Ethereum pre-launched in January. He also noted the significant progress Arbitrum has made in developing their EVM-compatible roll-ups.
Optimism roll-ups can be quickly deployed by the DeFi industry leaders who are most interested in lowering fees. Uniswap, Aave and Synthetix are expected to be some of the first projects to use this technology.
“In fact, there are simpler roll-ups that can only handle simple transactions, such as Loopring and zkSync,” Buterin added. “These roll-ups have been working steadily for about a year and have long gone beyond the theory. They’ve been a practical part of scaling Ethereum for some users for almost a year. ”
As a reminder, last week the co-founder of Ethereum proposed a way to interoperate DeFi protocols using different types of roll-ups. The solution will help reduce transaction fees and improve communication between protocols.
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