'1M TPS': Ethereum's Drake Unveils Key Goals for Next Decade
Main Idea
Ethereum developer Drake outlines key goals for the next decade, emphasizing scalability, security, and resilience against quantum computing threats, with ambitions to achieve 1 million transactions per second (TPS) and $1 trillion in economic value.
Key Points
1. Ethereum's advantages include 100% uptime, unmatched client diversity, and $130 billion in economic security.
2. Drake proposes replacing older cryptographic primitives with hash-based alternatives to counter quantum computing threats.
3. Scaling strategy includes real-time zkVMs for faster smart contracts and data availability sampling (DAS) for seamless verification.
4. Near-term performance boosts expected, with long-term goals of 10,000 TPS on layer-1 and higher scalability via layer-2 solutions.
5. Ethereum is viewed as a global public good, aiming to remain resilient and online despite technological challenges.
Description
Justin Drake of the Ethereum Foundation has presented his ambitious vision for Ethereum's next 10 years
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