Ethereum Researcher Teases Bold New Proposal to Tackle Blockchain Scalability

Key takeaways

• Ethereum researcher Justin Drake teased a new proposal that could enhance the scalability of the blockchain.
• The proposal centers on reintroducing sharding to scale Ethereum to millions of transactions per second (TPS).
• Drake's proposal has sparked growing rumors around ETH 3.0, a potential upgrade through a second merge for the blockchain.

Ethereum Researcher Drake Teases A New Proposal To Improve Network Scalability

In an X post, an Ethereum researcher, Justin Drake, teased a new proposal to resolve scalability issues on the Ethereum blockchain.

Drake said he would reveal the details of his ambitious initiative" for the Ethereum network during his presentation on the Devcon main stage in Bangkok on November 12.

The prominent researcher noted that he had reflected on a potential from-scratch redesign" of the Ethereum consensus layer and its potential outcome.

Drake noted that he aims to lay out a credible strategy to facilitate a Beacon roadmap. Also, he highlighted that the entire redesigning process has to be within a reasonable timeframe.

With reference to Drake's concept, Consensys CEO Joe Lubin, in an exclusive interview with Contelegraph, suggested the reintroduction of sharding on the Ethereum network.

According to Lubin, this approach could involve the development of a zero-knowledge Ethereum Virtual Machine (zkEVM). Subsequently, this move will enable the execution of multiple and similar shards on the blockchain.

Again, Lubin acknowledged that sharding was eliminated some years ago due to some impossibilities. However, Drake's upcoming proposal came to the stage of the reintroduction of sharding.

Lubin stated: The interesting thing about that, that way of using layer 1 wasn't really possible a few years ago when we discarded the idea of execution sharding; what we needed to do was throw open this divergent exploration and a lot of stuff came back."

The CEO maintained that using the zk process and optimistic methods could resolve most challenges in the Ethereum layer-1. Moreover, he thinks these approaches will enhance the scalability of blockchain.

Although Lubin expects these methods to enable millions of TPS on the blockchain, he believes it could take years to achieve such scalability.

Drake's Post Sparks Rumors Of Potential ETH 3.0 Upgrade

The Ethereum community is abuzz with rumors of a potential ETH 3.0 upgrade, based on Drake's post. Doug Colkitt, Ambient Finance founder, took to X to react to the potential upcoming announcement regarding ETH 3.0.

According to Colkitt, the upgrade involves a second merge into a new consensus for the blockchain that focuses on 1-second block times. Also, it will include a native zero-knowledge Ethereum Virtual Machine (zkEVM).

Additionally, Colkitt mentioned that having a native zkEVM will propel outstanding feats for the blockchain if the rumors are true. Such a move will completely eliminate the gas limit on the blockchain.

Also, it will enable developers to create arbitrarily large blocks since nodes only have to verify the snark. This means that bandwidth will remain the only scaling limit. Colkitt believes that a zkEVM could translate to arbitrary scalability and cut off the need for layer-2 rollups.

Meanwhile, Ether has recorded a significant rally amid the prevailing bullish trend in the crypto market. Currently, ETH trades at $3,286, reflecting a 2.80% increase. Its market cap currently sits at $395.21 billion.

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