The inventor of Ethereum (ETH), the world’s premier smart contract platform, announced positive news for the cryptocurrency. Formerly plagued by transaction delays and network congestion, Ethereum (ETH) is on the cusp of overcoming these difficulties owing to a number of scaling options. Here are Vitalik Buterin‘s comments on the matter.
Vitalik Buterin has Good News
The most recent development in Ethereum’s effort on behalf of network bottlenecks is zero-knowledge integration with Polygon’s (MATIC) Ethereum Virtual Machine [zkEVM]. Despite the fact that the Mainnet Beta launched on March 27, many intended contributors are unsure how the Layer-1 project will interact with its Layer-2 counterpart. Because of the fuzzy image, Vitalik Buterin has written a blog post about it. According to Ethereum’s co-founder, the project’s nodes, which include the consensus and execution clients, have been decreased to allow zkEVM participation.
The Proof-of-Stake (PoS) technique will be used by the execution client to validate the data on the Ethereum blockchain. Furthermore, the consensus client is in charge of keeping the most recent database up to date and processing transactions. Normally, these customers account for two-thirds of the network. This is no longer the case, thanks to the advent of zk collections. As a result, developers will be able to interfere while the chain is completing blocks.
Furthermore, Vitalik Buterin stated that the liberated space means that zkEVM will become the third Ethereum client. Nevertheless, he added that this would not happen right away since Layer-1 will need to use them for validation to validate execution. Vitalik Buterin also noted the difficulties of latency, which may cause chain disruption following a late published block, stating that despite the zk capabilities, there are problems that no Layer-2 can fix. Yet, he added that there might be long-term remedies.