We use cookies to enhance your experience like remembering your Time Zone. We have updated our privacy policy please check our Terms&Conditions

Sponsored By

Can Ethereum hit 3,000 transactions per second? Vitalik Buterin thinks so

  • Ethereum users are looking forward to the Casper proof of stake upgrade, among other vital developments.
  • The Istanbul upgrade is scheduled for early December and could see Ethereum hit 3,000 TPS.

The co-founder of the most extensive decentralized applications and smart contract platform in the world, Vitalik Buterin, in a recent tweet said that Ethereum would achieve 3,000 transactions per second (TPS) following the Istanbul upgrade. In the tweet, Buterin shared a series of upcoming updates, including Casper proof of stake, and account abstraction.

The Istanbul upgrade on the Ethereum network is set to take place early next month. The founder has also made changes to a list of problems that he believes are challenging for the cryptocurrency industry. The list was first released in 2014 while the new changes range from the “ongoing work on post-quantum cryptography, anti-collusion infrastructure, homomorphic encryption, and multi-party computation and decentralized governance.” He adds:

“In general, base-layer problems are slowly but surely decreasing, but application-layer problems are only just getting started.”

On the other hand, Ethereum is trading at $145 after correcting from a high around $147. Ethereum is forced to deal with a strong bearish trend amid the expanding volatility.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


Loading ...

Copyright © 2022 FOREXSTREET S.L., All rights reserved.