As Buterin said, Ethereum 2.0 aims to run ‘tens of thousands of transactions per second’ and he is sure that the new network will facilitate a number of on-chain transactions while maintaining key aspects of decentralization and security.
Here’s a look into the number of different projects done by Ethereum developers as a part of the Ethereum 2.0 development.
Zamfir presented a proof-of-concept which highlights the future possibility of seamlessly moving ETH tokens and other messages across a shared blockchain.
Despite some pessimistic moods in the crypto community, Changpeng Zhao, the CEO of Binance, believes that crypto still has room for 1000x growth in the upcoming years.
Seeking to address the big issue of network scalability that largely postpones the mainstream adoption of cryptocurrency payment system, the creator of Ethereum introduces newly developed Sharding and Plasma solutions.
Sharding is the much-awaited scalability solution for the Ethereum blockchain network, designed to help process more transactions in a given period of time at reduced costs.