Ethereum Needs to Scale 100X or Risk Extinction: Researcher Warns

A research study warns that Ethereum risks becoming irrelevant in the coming years if it fails to scale significantly. Dankrad Feist, a researcher at the Ethereum Foundation, has proposed an ambitious solution: increasing the gas limit by a whopping 100 times over four years. This move would drastically increase transaction throughput on the blockchain, addressing a core issue hindering its growth. Feist, who believes this change is unconventional but necessary, argues that if Ethereum doesn’t scale, it risks fading into obscurity. He envisions Ethereum becoming a central hub for economic activity and aims to increase transaction capacity by 1000 times in the long run. Failure to do so could lead to fragmentation of liquidity across Layer-2 solutions, potentially allowing other competing ecosystems to gain the upper hand, according to Feist. While he remains confident in Ethereum’s ability to scale without compromising its critical features like censorship resistance and verifiability, others remain skeptical. Analyst Matt Hougan, Chief Investment Officer at Bitwise, notes that Ethereum appears to be waking up to this challenge after struggling for years, but whether it can climb out of its current predicament remains to be seen.