Ethereum co-founder Vitalik Buterin has announced plans for the Ethereum blockchain’s layer 1 network to scale approximately tenfold within the next twelve months.
Buterin revealed these ambitious scaling plans during the recent ETHGlobal Prague conference, indicating that after this major upgrade, the network will have a deliberate pause period before undertaking further substantial changes. He emphasized the importance of gradual and secure network development, highlighting the need to balance increased scalability with maintaining Ethereum’s core decentralization.
Following this initial scaling phase, the blockchain will enter a monitoring period. Buterin explained that this interval will allow adequate assessment of the decentralization properties and provide developers the necessary time to refine the improvements made.
Addressing broader industry concerns about Ethereum’s long-term sustainability, Buterin also elaborated in a separate discussion with Marek Olszewski, CTO and co-founder of cLabs, that increasing the layer 1 capacity directly benefits layer 2 systems. The added block space on the base layer, he noted, will result in more efficient and secure performance of scaling solutions built atop Ethereum.
Meanwhile, Ethereum’s native cryptocurrency, ETH, has remained generally stable over the last 24 hours, gaining marginally by 0.03 percent. Currently trading slightly above the $2,500 mark, the cryptocurrency is still nearly 10 percent lower than its monthly peak.
