https://www.ledger.com/blog/on-the-future-of-ethereum-charles-guillemetCharles Guillemet, CTO at Ledger, reflects on the future of Ethereum and the protocol’s potential to support Web3’s mainstream adoption.
"Things to know:
– Ethereum, the world’s second-largest blockchain by market cap, recently underwent a significant software upgrade called The Merge, shifting from Proof-of-Work to Proof-of-Stake consensus.
– While a successful transition, questions remain about Ethereum’s scalability and readiness for the next stage of Web3’s development.
– This article delves into Ethereum’s scaling challenges and evaluates its ability to meet mainstream adoption needs. It argues that, while a flawless scaling solution does not exist yet, Layer 2s including Optimistic and Validity Rollups hold the most potential for increased scalability with a good tradeoff for the blockchain trilemma.
– More precisely, optimistic and Validity Rollups, using ZKP technology, will be key in shaping the future of Ethereum by enabling trustless, complex, and permissionless transactions at scale. "