Vitalik Buterin says Ethereum is gearing up to supercharge its throughput as developers continue to work on the long-awaited ETH 2.0 update.
Ethereum 2.0 is designed to improve the blockchain’s scalability and performance as it shifts from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism.
In a new tweet, the Ethereum co-founder says the switch to ETH 2.0 will not happen overnight, but it will eventually lead to the network scaling with the capabilities to handle 100,000 transactions per second (TPS).
More info:
https://dailyhodl.com/2020/07/01/vitalik-buterin-says-ethereum-will-scale-to-100000-transactions-per-second/