Vitalik Buterin Unveils Plans for Tenfold Ethereum Scalability Boost

Ethereum co-founder Vitalik Buterin has announced a significant upgrade plan to increase the network’s scalability by tenfold. At ETHGlobal Prague, Buterin unveiled details of his vision, aiming to address congestion without sacrificing speed. The upgrades are expected to enhance transaction processing and reduce fees in the near future. Buterin stressed the importance of maintaining decentralization throughout the process, while acknowledging concerns over the fast timeline.