Don’t think crypto is the solution to replacing payment processors. The distributed networks is going to have enormous difficulty scaling to even a fraction of the number of card payments processed each day.
I didn’t mean for everything, I meant if crypto could ever fix its shit it could be a useful tool for folks affected by the issues with payment processors
But it would have to be stable in value, not suck for making transactions, and not be wildly wasteful
Ethereum is on a clear path to scale. Over the next six years, Ethereum Mainnet throughput is expected to surge toward 10,000 transactions per second (TPS) - roughly 1 gigagas per second - while Layer 2s (L2) collectively push the ecosystem toward million-TPS capacity.
For example, one of the Ethereum L2 rollups mentioned, MegaEth, is expected to have mainnet launch date this month after a 35k TPS stress test.
How?
Ethereum’s strategy combines multiple approaches to sustainably increase capacity while preserving its core principles:
EIP-7938 (Dankrad Feist) - proposes a default, exponential gas-limit growth schedule where clients vote automatically to increase L1 capacity over time (subject to coordination and override). Read the spec here.
Lean Ethereum (Justin Drake) - a design philosophy to streamline consensus, data, and execution, leveraging DAS and real-time zkVMs for “beast mode” performance while staying verifiable. More.
More EIPs - parallel efforts improve execution, networking, and data availability. Slide overview [<- google docs alert].
The aim isn’t raw TPS alone - it’s sustainable, decentralized scale that remains easy to verify.
Don’t think crypto is the solution to replacing payment processors. The distributed networks is going to have enormous difficulty scaling to even a fraction of the number of card payments processed each day.
I didn’t mean for everything, I meant if crypto could ever fix its shit it could be a useful tool for folks affected by the issues with payment processors
But it would have to be stable in value, not suck for making transactions, and not be wildly wasteful
That won’t be the case for long, see here for some quick bites in case you are interested: https://www.growthepie.com/quick-bites/ethereum-scaling
For example, one of the Ethereum L2 rollups mentioned, MegaEth, is expected to have mainnet launch date this month after a 35k TPS stress test.
How?
Visa crypto chief bets on stablecoin settlement, sees volumes growing