An Ethereum researcher’s post on social media has sparked speculation about a potential solution to the scalability challenges of the first layer of the blockchain.
On November 11, Ethereum researcher Justin Drake posted on X that he would be announcing an “ambitious” initiative for Ethereum. Drake said he considered a “from the ground up” redesign of Ethereum’s consensus layer, which some interpret as a step toward solving scalability issues.
source: Justin Drake
The researcher said his goal is to propose a strategy for shipping the Beacon Chain roadmap. He is expected to participate in the proposal at Devcon in Bangkok, Thailand, on November 12.
The community is speculating about ETH 3.0
Following Drake’s post, rumors about an ETH 3.0 upgrade spread among the Ethereum community. On
source: Doug Colquitt
Colquitt believes that if the rumors turn out to be accurate, having the original zkEVM will be a “huge” update:
“The gas limit can be completely eliminated. Creators can create arbitrarily large blocks since nodes only need to verify the snark. The only limit left to scale is bandwidth.
Colquitt expressed optimism that zkEVM would mean arbitrary scalability and eliminate the need for Layer 2 compilations.
Not everyone in the community believes in the ETH 3.0 speculation. A member of the community He believes The rumor is “100% BS”, suggesting that important updates like this could have been signaled months ago. The community member noted that related Ethereum improvement proposals will likely be submitted if such an update is imminent.
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How Ethereum can solve scalability issues
In an interview with Cointelegraph’s Andrew Fenton, ConsenSys CEO Joe Lubin discussed potential solutions for scalability in Ethereum.
Lubin said that the Ethereum ecosystem could revisit the old concept of execution sharding, potentially using zkEVM at the first layer to create identical execution shards:
“The interesting thing about that is that the way to use Layer 1 wasn’t really possible a few years ago when we discarded the idea of fragmentation of implementation, and what we needed to do was open up that differentiated exploration and a lot of things came back.”
Lubin added that there are a lot of lessons learned from developing zero-knowledge and optimistic approaches that can be brought back to the first layer of Ethereum “to make everything better.”
Lubin also believes this could lead to scalable solutions for Ethereum: “You’re just shrinking a huge amount of computation into different layers and amortizing a lot of computation in a single transaction,” he explained. “If you do that every two seconds or less, you’re going to get a lot of of transactions per second.
While Lubin is optimistic that these approaches could lead to Ethereum achieving millions of transactions per second, he acknowledged that full implementation could take several years.
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