🧞3 Ways to solve the Ethereum scaling problem
GM and happy Monday frens🖖
January is almost over! Hope your first month of the year is going great.
Ours certainly is, and today we want to talk about:
🐎 Top reasons to visit ETHDenver
📊 Ways to solve the Ethereum scaling problem
🤖 Newsletter for AI-lovers
Ready? Let’s go👇
⏳Event about ETH Infrastructure
The next Epic Web3 event is March 1st during ETHDenver!
And we wanted to present you some of our top-notch speakers:
Nick White - COO @ Celestia
Bobbin Threadbare - Co-founder @ Polygon
Ben Goebel - Exploration Dev @ StarkWare
Firat Sertgoz - Engineering Manager @ NEAR
More names to come...
Hurry up and book a ticket! Number of seats is limited:
⚖️Ethereum scaling problem
Keynote from Dave Weisiger — Head of DevRel @ Taiko, Epic ETH Infra Day, Devconnect.
Ethereum is hard to scale because of its fixed gas limit per block, which restricts the number of transactions that can be processed.
This leads to network congestion, slower transaction speeds, and higher gas fees, negatively impacting the user experience and hindering widespread adoption.
Solution 1: Layer 2s and rollups
To resolve the bottleneck, there are several existing solutions.
These include optimizing transaction processing speed and introducing layer 2 solutions, which operate on top of the Ethereum blockchain and share its security model.
Rollup technologies like Validiums and Plasmas are also being explored. They bundle multiple transactions into a single one on the main chain, significantly improving scalability.
Solution 2: new pre-compliers
A new development in this area is the introduction of pre-compilers such as
L1 sandbox call,
L1 delegate call
L1 call.
These pre-compilers enable L2 nodes to interact more efficiently with Ethereum's data layer. This development allows for faster and more efficient processing of transactions and data, opening new pathways for scaling and enhancing the Ethereum ecosystem.
Solution 3: booster rollups
A novel concept called 'Booster Rollups' was introduced. These rollups operate by executing transactions on L2 as if they were on Ethereum's main chain. This involves mirroring L1 contracts on L2, which simplifies DApp development and reduces the fragmentation across various L2 solutions. This approach not only enhances scalability but also maintains the security and decentralization of the Ethereum network.
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All right, that’s it for today! 👋 But wait…
You didn’t say “gm” on Twitter! Let’s catch up there for daily insights.
Sending growth your way,
Epic Web3