Bitcoin Forum

Vitalik Buterin Says Ethereum Will Scale to 100,000 Transactions Per Second (TPS)https://www.youtube.com/watch?v=olm4okAKD1M&feature=youtu.be (https://www.youtube.com/watch?v=olm4okAKD1M&feature=youtu.be)

Vitalik Buterin says Ethereum is gearing up to supercharge its throughput as developers continue to work on the long-awaited ETH 2.0 up-date.
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.

Check out the video on this topic: https://www.youtube.com/watch?v=olm4okAKD1M&feature=youtu.be (https://www.youtube.com/watch?v=olm4okAKD1M&feature=youtu.be)

Yes, for this reason ethereum should soon be transformed and reach a higher level. It is predicted that the implementation of Ethereum 2.0 improvements in this coin will occur in November. They also say that in this regard, the price of ethereum can rise to nine thousand dollars and even bypass bitcoin. In any case, you need to accumulate this coin for now. So far I consider it one of the most promising.

I am curious that if it will be go in live, how many confirmations will become a new standard requirement on platforms when they will require on user transactions (deposits, ie.) be credited to customer accounts?

I know to run replay attacks on network, it will require a minimum time and costs to get enough hashrates and compromise blockchain. So with 100,000 transaction per second, or 1 milllion transactions per second, does it make sense in the aspect to costs to compromise blockchain for a same period (ex: 10 minutes)?

Are there different in cost to attack? I thought cost will be the same (if the network scale - hashrates - is the same)?

Hopefully, this will happen. Having a fastest speed in making a transaction is a game-changer. It is a big factor being considered by everyone where confirmations are within seconds only. Faster transitions mean more productive, efficient, and smooth transaction.

Ethereum would be using Sharding to solve its scalability, while dividing the network to shards to ease up node and quicken the transaction seems a good idea, we are still unknown about the risk it may bring. With division of network, the network would be more centralized and localized nodes can have a larger effect. But still it would depend on how well the developers implement it. I hope they'd go through extensive testing before making the network live.

For sure, they will make thorough testing on their network as people always talk if they are not satisfy with what is presented to them. But if they can implement this successfully, this will be another feat for the eth team. And I don't think Buterin would want to fail this project, he will do everything he's capable of to be successful on this target.

They should, and they should update us on the development of the platform while testing it, there have been so many threat on their position as the number in smart contract and with the launching of their staking mechanism, it will cemented their position, they even become a threat to Bitcoin's number one position.