Second-layer solutions based on Rollups will preserve Ethereum’s advantage as it moves to ETH2, despite the emergence of new, promising alternatives, according to Messari analysts.
The below is just a taste of what’s in our ETH 2.0 report.
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Experts say that the final transition to the second version of the Ethereum protocol is unlikely before 2022. This creates an opening for networks with low fees and minimal latency to mount a challenge to it.
Messari argues that the teams developing interoperable bridges with Ethereum — Near, Cosmos and Solana — as well as their rivals developing Ethereum Virtual Machine-compatible Polkadot and Avalanche, will not achieve significant traction. The reason is that users will prefer Rollups.
“As competition intensifies, a strong Ethereum community will continue to be its undeniable advantage,” they write.
Analysts remind that Rollups can perform computations “without bogging down the base network with excess data and queries.”
Messari specialists are not deterred by the fact that months remain before solutions based on this technology reach commercial deployment. They point to the ecosystem around the developers of the Optimism, Offchain Labs and Matter Labs protocols, as well as plans by Synthetix and Uniswap to adopt the technology.
According to the analysts, after the transition to ETH2, Rollups will enable throughput of up to 100,000 TPS, ten thousand times higher than ETH1.
Earlier, Ethereum co-founder Vitalik Buterin reminded users that before the transition to ETH2 they would be able to use the technology.
In September, the issuer of the largest stablecoin, Tether, announced support for the ZK-Rollups second-layer scaling solution.
Co-founder of the second-largest cryptocurrency by market capitalization, Joseph Lubin, predicted that the transition to Ethereum 2.0 would come faster than most users expect.
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