Coinbase exec says major Ethereum scaling improvements coming soon

Related: L2 scaling remains vital to DeFis future, even with Ethereum 2.0 in development

” We will see privacy-centric use cases, consisting of privacy-safe apps and video gaming designs with privacy constructed into their core.

In a blog post by the company on Jan. 4, the CPO shared his predictions. He stated that Ethereums scalability would improve and alternative layer 1 networks would also get traction.

” I am optimistic about Eth scaling improvements with the introduction Eth2 as well as numerous L2 rollups.”

These bridges permit tokens to move from a layer 1, such as Ethereum, to a level 2, such as Arbitrum or vice versa.

Chatterjee likewise stated that there will be newer layer 1 networks that are focused on social media and video gaming. Chatterjee anticipates that advances in layer 1 and layer 2 bridges will significantly improve scalability. The CPO discussed ZK-rollups when referring to scaling technologies. No Knowledge Scaling “rolls up” deal information in batches for faster processing on Ethereums layer 1.

Chatterjee forecasted that privacy-focused apps will continue to emerge, but this could draw more regulative attention as more KYC/AML limitations (know your customer/anti money laundering) are imposed.

Chatterjee also mentioned that there will be more recent layer 1 networks that are focused on social networks and video gaming. Chatterjee anticipates that advances in layer 1 and layer 2 bridges will greatly improve scalability. He likewise specified that the industry will “desperately browse for enhancements in speed and useability of cross-L1 or L1-L2 bridges.”

He likewise anticipated that there would be more policy at the industry level, greater institutional participation in DeFi and NFTs, more brand involvement in Metaverse, NFTs and more Web2 companies trying to enter Web3.
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Analysts, investors, and industry leaders have shared their 2022 forecasts about the crypto environment. Surojit Chatterjee, Coinbases CEO, is certain that Ethereum will continue to lead Web3 and the crypto economy as it grows.

Surojit Chatterjee, Coinbase Chief Product Officer, has just released his forecasts for the crypto market in 2022. He predicts significant advances in scaling Ethereum.

Matter Labs has actually made considerable strides in 2021, thanks to the implementation and advancement of its rollup-based platform zkSync layer 2.

In 2021, the layer 2 environment saw a massive growth with an increase in adoption on all major platforms. L2beat, which tracks L2 environment data, reports that the total worth locked has increased by nearly 11,000% in the previous year, from $50 million in January 2021, to $5.5 billion at the end of 2019.

When referring to scaling innovations, the CPO mentioned ZK-rollups. He stated that they would “bring in both financier attention and user attention.” Zero Knowledge Scaling “rolls up” transaction data in batches for faster processing on Ethereums layer 1.