Ethereum Co-Founder: ETH Scalability Going Exponential Over Next 2 Years
Lubin highlighted the Ethereum 2.0 update, also codenamed Serenity, as the primary driver for the increase in scalability.
Ethereum co-founder Joseph Lubin has made the claim that his currency will achieve an exponential increase in scalability over the coming years.
Speaking in an interview with CoinTelegraph, Lubin stated that ETH scalability - the most prominent issue to be addressed in the massive Ethereum 2.0 overhaul - will improve by 1,000 times in the next 18 to 24 months.
Ethereum 2.0 seeks to solve the issue of scalability–among a number of proposed solutions–by switching the currency from its historic Proof of Work algorithm to Proof of Stake.