- Buterin proposed a solution to solve Ethereum’s core problems.
- Meanwhile, the Bankless co-founder predicted ETH would hit $10,000.
at 2024 Shanghai International Blockchain WeekEthereum (ETH) co-founder Vitalik Buterin has revealed what he sees as the network’s biggest problem.—Ecosystem fragmentation.
like reported Speaking on cryptocurrency outlet Wu Blockchain on
Vitalik’s solution for Ethereum integration
In response to this statement, Buterin I took him to X He detailed his vision for Ethereum’s next upgrade, “The Surge.”.”
One of the main goals of the upgrade is to enable Ethereum to handle more than 100,000 transactions per second (TPS) on both Layer 1 (L1) and Layer 2 (L2) solutions.
Source: Vitalik Buterin/X
Buterin also emphasized the importance of maintaining the decentralization and robustness of Ethereum L1. This ensures that your network remains resilient and secure as it expands.
He also emphasized that some L2s should fully inherit the basic properties of Ethereum. This includes being trustless, open, and resistant to censorship.
Another important aspect of The Surge is maximizing interoperability between L2s.
Buterin believes that for L2 to be considered a true extension of Ethereum, the experience of using the L2 ecosystem must feel seamless and integrated, as if interacting with a single ecosystem.
The Surge marked the second part of . of Ethereum Future upgrades.
Earlier this week, AMBCrypto highlighted Improvements to the Ethereum proof-of-stake (PoS) system proposed by the co-founder. These changes are consistent with his broader vision for the continued evolution of the platform.
ETH records double-digit rise
Amid these developments and ongoing ‘Uptober’ rumors, ETH price has shown signs of recovery from early October lows.
At press time, the altcoin was trading at $2,631, up 10% in the last 24 hours.
Source: TradingView
The RSI reading of 60.50 indicates that ETH is far from overbought and therefore still has room for growth.
Moreover, OBV continued its upward trend, closing at 42.894 million. This provided further validation of the bullish momentum.
If buying pressure continues, ETH bulls are likely to overturn the $2,700 resistance in the near future.
Ethereum’s $10,000 Forecast
As Ethereum continues its ambitious journey, Bankless co-founder Ryan Sean Adams remains very optimistic about the asset’s future. recent adams famous Unexploited potential. He wrote to X:
“ETH is $10,000. The market is massively underestimating Ethereum rn.”
With future changes lined up to improve the network, Adams’ prediction may not be too far off.