Ethereum creator says Layer 2 is the future of ETH scaling

Vitalik Buterin explained why the Layer 2 scaling system is more important for Ethereum to boost the scalability of Ethereum blockchain without caring about security.

As all of us know very well that Ethereum is the second biggest crypto asset in the crypto space after Bitcoin. And also people have more beliefs as a crypto asset over any other asset after Bitcoin. Experts also believe that in the future, Ethereum will beat Bitcoin in terms of market cap. 

In speaking at Shanghai International Blockchain Week, last day Ethereum co-founder Vitalik Buterin talked about the layer2 scaling system and explained why it is important for the Ethereum blockchain. 

Vitalik talked about the scalability of the Ethereum network. Vitalik said that the safest way to make the Ethereum network more scalable is Layer 2 scaling protocol. Further Vitalik explains why Layer2 scaling is more important than improvement in the Ethereum network itself. 

Vitalik explained that the developer team of the Ethereum coin is working to bring high scalability in the Ethereum network. But in actuality, this is not going to take place soon. It will take years to shift Ethereum from Ethereum 2.0. 

And right now, the Ethereum team planned for the next upgrade in Ethereum by December 2021. So all types of step by step upgrades will take longer. And the most important upgrade in Ethereum will take place in the very last phase of Eth2.0, while the team is working at a very high speed. 

Growing Ecosystem of Ethereum 

Vitalik asserted that Defi & NFTs like projects are increasing load in the Ethereum network. The rapid growth of such projects are demanding high-efficiency network, which is only possible through Layer2 scaling solutions and also it is the easiest way to bring scalability in this initial phase. 

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