Dankrad Feist Presents a 100x Scaling Plan for Ethereum
A significant development for the Ethereum network came from Ethereum developer Dankrad Feist. Feist proposed a comprehensive scaling plan aimed at significantly increasing the network's capacity and strategic advantages. This plan includes a proposal called EIP-7938, which aims to greatly increase Ethereum's gas limit. Feist stated that this step would allow Ethereum's capacity to increase 100-fold over the next four years, enabling the network to cope with the challenges it will face.
This strategic plan aims to create significant advantages at Ethereum's core layer (Layer 1). Feist's proposal is based on ensuring that the network has more transaction capacity during peak usage periods with an increased gas limit. Feist stated that this step could provide an effective solution against the possibility of current methods becoming inadequate in the future. He also emphasized that Ethereum needs to provide stronger support for applications.
Feist emphasized that his proposal is extraordinary, stating that Ethereum could experience a loss of value within 5-10 years with current methods.
Dankrad Feist: "It's time to think differently; otherwise, Ethereum's future may be at risk."
In parallel with Feist's statements, Charles Hoskinson, the founder of Cardano, also noted that Ethereum's technological infrastructure is outdated and that segmenting this structure could have negative effects on the future of the network. Feist's proposal aims to provide a significant increase in Ethereum's Layer 1 capacity while preventing the dilution of the network's liquidity. This approach is designed to maintain the chain's validation capacity and its resistance to censorship, ensuring the expansion of the network.
Feist's Plan: Providing Strategic Benefits with Major Changes
Feist's proposed large-scale scaling plan is expected to bring significant changes and strategic benefits beyond small increments. Current market conditions are also raising questions about Ethereum's price performance. The network's native token has recently performed below expectations, causing investors to turn to alternative assets. This situation also brings some uncertainties about Ethereum's future.
Feist also shared his thoughts on supporting the applications of the network.
Dankrad Feist: "While Ethereum L1 remains the center of DeFi, this situation may change soon."
Feist's comment was perceived as a significant warning regarding the sustainability of Ethereum's current state.
Future Expectations: Ethereum's Competitive Power May Increase
Feist's proposal aims to increase Ethereum's competitive power in the long term and to address the aging issues of the network. This plan could make the network more efficient with significant changes to its technical infrastructure. This strategic step is being closely monitored by application developers and investors.
Additionally, this announced scaling proposal has rekindled discussions about Ethereum's future. It is believed that the proposal and the market reactions highlight the importance of the network's long-term strategy and that technological advancements and infrastructure improvements will play a critical role.
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