Bitcoin Forum

I just read a news about ETH's modification in CCN. Ethereum creator Vitalik Buterin has stated that the Ethereum network will eventually be able to process 1 million transactions per second and potentially more than 100 million transaction per second with second-layer solutions such as Sharding and Plasma.
What do you think about it.

this is great news and source for the news here:
https://www.ccn.com/vitalik-buterin-ethereum-will-eventually-achieve-1-million-transactions-per-second/

ETH network too congestion recently and this news hope will solve this problem. and we can see ETH start fly again.
Congrats

it's pretty well known that that's the target they're aiming for with PoS and sharding...no news though about when these will happen ..it could be closer than expected..but still nothing definite about it

I think he is being over optimistic but good luck with it. Right not it is overloaded and performance is way below other blockchains such as NEO. When more clones of crypto kitties are released ethereum will simply crash unless they implement something to solve it.

I believe he don't take those numbers out of thin air, everything is calculated. There is a difference between new blockchains which scale like NEO, and old chains which running for a few years, on new blockchain solution you can implement it straight away, because there is no product right now, but on already mature blockchains like Ethereum, implementing new things takes way more time, because there is so much moving parts.

We are waiting for Plasma and Casper more then 1 year and Vitalik didn't say the exact date of its production so... maybe 1 more year to wait :(

This is a very good news. If it does achieve this goal, I believe that Ethereum will be the best cryptocurrency on the market, then its price will take off again. This is what I hope to see because I have invested in it.

It is a very good news that they have a good plan for eth future and i believe they can do it, the network also already fine these days but it definitely need an upgrade to cater more transactions in the future. At least they can compete with newer crypto that claim to have better tech than them.

I guess those are holding ethereum right now will become the winner in the future. PoS will come very soon and another big update about the scalability solution of ethereum. This is really cool news and i was expecting all of dapps will use ethereum. EOS, NEO and any major smartcontract platform will become useless.

Eth again to bull market. Tiet up guys

This is a great news for everyone because t he ethereum network are congestion and i think there's an solution.
I'm sure the ethereum are starting to rising again and I guess the people who are holding ethereum will be happy.

So what happened with the Raiden idea? Have they just given up on a lightning type solution now? Seems like pretty much every cryptocurrency is looking to get in on the sharding idea, and yet we still haven't seen anybody actually implement it except for Zilliqa. Too much talk, very little action. Everybody is claiming they'll reach 1m TPS, and yet nobody has.

in my opinion it is a very good developmental performance, and maybe with the development of eth technology will shift the bitcoin in the future

Maybe because talk about idea is one thing(which is theoretical), and actually implement that idea is another, much more complex thing.

again a really good news for ethereum. i'm glad to read something like that.
because of such news, i also believe ethereum will be the coin next to bitcoin.

If ETH can improve throughput issues, ETH will remain a leader.
Because the only advantage that EOS currently has over ETH is throughput.

Ethereum is next to bitcoin already.

I don't have much Ethereum and I don't buy on these news although it can be a good news for those who are looking for faster transaction. We have to see it first and make it proven.

Is it so? Wow! ethereum is doing so good for making technologiocal advancement. Transactions will be done within seconds! The price of ethereum is going get high very soon as the demand is going to increase to great extent.

In recent times ethereums are doing well and they are also in the second position in this market. It’s a great news for ethereum holder and their transaction system also very good. Which increase their popularity.

the concern has never been with handling a lot of  transactions lone.
the main concern is always about the fact that you need to keep the cryptocurrency decentralized or make up your mind and go at it in a centralized fashion.
ETH has never been decentralized despite what they advertised it as and the more transactions it handles the less decentralized it gets as it becomes impossible to run a full node. otherwise VISA can handle a lot more tx per second than any of these!!!

I think its a very optimistic move for the ETH & I wish very good luck with it, and as we know their current move it has become pretty obvious that they are aiming towards their very target.

Nowadays ethereum makes a huge statement and become more familiar coin in crypto market. It is a very good news and because of such news i believe ethereum will be the coin next to bitcoin.

I hope that those calculations are correct. If that will be proved, im pretty sure that Ethereum will fly up high and most big time companies who are related to cryptocurrency will choose ETH as a medium of their token's transaction. The more good news is that those banks who are supporting crypto will definitely choose ETH than BTC. I am seeing a greater and exciting competition between the king and queen of cryptocurrency.

The ETH will become the best tokens, because at present the ETH ecology is very perfect, so you just need to solve the problems of the throughput, the ETH will become the best tokens, so now zil and IOST project will lose its significance.

Ethereum was indeed the biggest breakthrough after Bitcoin and it has never failed to impress ever since. The best part is that they realise what needs to be done next and successfully go through with it, be it network development, faster transactions or supporting newer things. Being able to process a million transactions per second is just another huge milestone in Ethereum's success story.

This is just what eth needs. This will help boost transaction processing time. His update truly is needed and eth has always proven to look after its users. This update will probably bring eth back up. Eth is very promising, their platform is simple and easy to use that's wwhy a lot of people see eth highly than any other altcoins.

As we know, ethereum has become the main platform in the world of Crypto today, so the existence of 1 million transactions / sec is not a surprise. I think someday cryptocurrency will depend on Ethereum.

Wow this is great news because Ethereum is my top coin at the moment and I would love to see it move forward. I think 1 million transactions per second is being too optimistic, but who knows what the future holds for us.

I read Vitalik Buterin's statement and it sounds really good if it becomes reality. I think the very fact that they have announced this news is a signal that they are about to do something great and they are close to it. Then it remains just to see what will happens.  :)

The news is certainly positive, it is a pity that it is not much affected the course...ETH swims back and forth, I hope soon we will again overcome the mark of 700 + $ ::)

Well, so far no other platform has been able to do it, so in a way it is kind of like a pipe dream.

But, on the other hand, there was a time when storing 1TB worth of data in a tiny flash drive would have seemed totally impossible, but is now super common.

And, I guess the man that would be able to do it would be Vitalik and his team.
People often don't see the genius innovation behind eth and how big of leap forward it was fro blockchain technology.
On top of that, the smart contract system has not only worked but has flourished into it's own gigantic ecosystem.
how many tech companies have made revolutionary tech, brought it to market, have it flourish, and then have it grow to be the second most valuable company in it's own field in 3 years time?  It is truly amazing.

I know that there are so many developments and improvements on the eth network right now, and scalability is the most important.
Should this go through (and there is no reason to think it wouldnt) ETH will continue it's reign and stamp out btc as the #1 coin.
All the other smart contract platforms that claim to be "better" but still haven't released their mainet yet (ahem, eos and ada) don't stand a chance

The important thing that helps a lot of dapps that build on the ethereum platform. Vitalik has seen it that the main problem of ethereum should be on the scalability.
Any transaction from the platform will go through ethereum blockchain as the main net. This time ether support 60TPS and it's so far from the next target shall be 1 million TPS.

Vitalik is lately sighted that doing meeting and collaboration on Zilliqa project which focus on scalability issue and have successfully implemented sharding. If these two project will make a partnership. That million TX/Second is possible since Zilliqa have already solution while ETH is still in the process of discovering it.

This is just a news - an idea of Vitalik Buterin. We have to wait for so long time until it can reach this target.
I found somewhere that Vitalik said will upgrade ETH from POW to POS in 2015. 3 years later (now), nothing change!

yes because eth is low today maybe many eth buyers now have many transactions and not just that because eth uses too many to buy coins in the ico so too much tx is also preventable to slow down the transactions because of the excess volume of tx

Achieving a 1million TPS is quite ambitious and it aim to beat the VISA's transaction capacity. Leaping from from a 2-digit TPS to 7-digit TPS is still far from reality maybe it still needs more time to develop. Theoretically it is possible to achieve but in reality it has still a lot more things to do to achieve that goal.

finally ethereum is going to solve its scalability issue by itself..it will be good news for the icos which are planning to develop their tokens on the ethereum blockchian.. 1 million tx per second will be optimistic but maybe Vitalik will be able to do it.

It was one of the disadvantages of Ethereum, which some of the other altcoins trying to improve. If Ethereum starts to accept more transactions per second than PayPal, VISA aнд aлл big exchanges. It will be an incredible success that can make the price of Ethereum make a big jump in my opinion.  ;D

I think that it is nothing special, and it has been already going on a large amount of crpyotucrrencies.
Using offchain transactions in order to increase the process speed of transactions on the main chain is not a new method,
if we compare that to the bitcoin network, the lightning network providing the same solution- offchain transactions in order to increase the process speed and to decrease the fees paid for bytes.

The same problems that were presented in the lightning network go same for the Ethereum network as using offchain transactions not always worth that as if you are interested to make a single transactions to someone you will still end up paying the same fee.

There is nothing bad in aiming high, but the most important thing now is the security, speed is a very go thing, be cause most of us want all these platform to be able to scale big and compete with the centralised platforms, but the most important thing we can't ignore is speed. if they can achieve this it is a victory for the platform now that there are many competing platforms

It’s a great news for users of eth because eth kinda new in market and they offers lots of better facilities based on this they are using different new technology and this will encourage people to invest more also they are giving facilities so many transaction can be done with in 1 second.

Eth come new in the market but they got more popularity based on their new tech also they gives many facilities to their customers like they told that people can do millions of transaction within 1 second which is more beneficial for users and this may progress their investment & profit.

i already thought that such a solution will come. in any case, it is a very good news for ethereum. it is an important step in the future.

It is really a great news. ETH is getting popular day by day. So peole are investing in this coin. Concerning about any uncontrollable situation, they have taken this decision which is highly appreciating.

Still do not think that this will help Ethereum to be needful in the future. in my opinion, we need a really decentralized coin not ruled by the one who cleared a part of TX (Villain)

I think that if it is really realized then the ethereum will have all chances for mass use and thus it will be able to become the new leader of all cryptocurrency

wow, i have never thought we will ever be able to see something like that, the numbers are really impressive. well, lets wait and see

ethereum has always been strong sven when it has a certain difficult and some problems, but now all, i can say that i am so happy to hear that!

Well, he was kind of overly optimistic they could make smart contracts work back in 2014. So I would give him a benefit of the doubt, he is supposed to be a boy genius after all. ETH is coming down along with Bitcoin, maybe a good time to accumulate more ETH.

It appears Ethereum will be using both the lightening and sharding solutions as separate layers on top of the network to achieve the best performance

Fantastic! I think this will then make it very fast and investors will be happy to have this speed.Eth is developing so fast. It is the next big thing.

Of course innovation is very important for coins like Ethereum. Although it sounds ordinary, but I'm sure will have long-term effects. At least it will help maintain Ethereum to be at the top of Altcoin for a long time.

This is just one of the many reasons why I am extremely bullish on Ethereum.

Innovations and advancements like these are what give ETH a unique advantage, even over their already existing advantage in mass adoption. It's not very hard to forsee that changes like these will help Ethereum change the world as we know it.