Ethereum's co-founder, Vitalik Buterin, envisions a tenfold growth in the blockchain's capabilities over the next year. Speaking at ETHGlobal Prague 2025, Buterin emphasized the need for Ethereum to enhance its speed and reduce costs. Despite facing criticism for efficiency compared to competitors like Solana, Ethereum has seen a recent surge in value, trading above $2,500. Developers utilize Ethereum's blockchain for various applications, from decentralized exchanges to NFT-based games. To address scalability issues, Buterin advocates for a gradual 10x increase in Ethereum's first layer (L1) over the next year, cautioning against rapid changes that could centralize the project. While Layer-2 networks like Arbitrum and Optimism aim to improve efficiency, concerns remain about their impact on Ethereum's market capitalization. Buterin's measured approach prioritizes sustainable growth over immediate scaling to ensure Ethereum's long-term success. Read more AI-generated news on: https://app.chaingpt.org/news

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