April 1, 2023

Vitalik Buterin: “Ethereum needs to scale faster”

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2 minutes.

Vitalik Buterin: “Ethereum needs to scale faster”

Ethereum co-founder Vitalik Buterin published an article in which he spoke about several cases of problems when paying with ETH and called for accelerating the scaling of the Ethereum network.

In the article, he shared several stories.So, in 2021, he bought tea for himself and friends, but could not pay for the purchase with ether, since the owner’s account on the exchange accepted at least 0.01 ETH ($40). In 2022, Buterin paid for tea elsewhere, but the gas limit of 21,000 was set by default in his mobile wallet, and it was not enough to complete the transaction, and he could not change the gas limit for this transaction.

“We need simple and convenient userinterfaces. In general, many users do not even know what a gas limit is. Therefore, developers need to better set default values, ”Ethereum co-founder emphasized.

Another significant problem was not alwayspredictable transaction confirmation time. And although the network of the second cryptocurrency has become noticeably faster after the London hard fork, there are still noticeable delays in confirming transactions. Often, problems with their implementation can be on the side of the outlet.

"Many times a surprisingly long time I haveoccupied the process after confirming the transaction in the blockchain and confirming it from the service. Sometimes I was really worried that there were glitches and problems on the side of the payment system,” Buterin said.

Vitalik Buterin: “Ethereum needs to scale faster”

Recall that in the middle of a bullish cycle in 2021Ethereum network commissions were as high as $20 a year. Now the indicator has decreased to $0.65. And, although this is significantly lower, Buterina said that we need to continue to work on further reductions:

“Of course, there is the most important problem of hightransaction fees as the scaling issue has not yet been resolved. But Ethereum users, especially in hot countries, often choose centralized solutions simply because so far the user experience of decentralized alternatives is too bad,” concluded Vitalik Buterin.

Recall that at the beginning of the month, Buterin donated 149 ETH to help victims of the earthquakes in Turkey. This is about $227,000.