According to Vitalik Buterin, rollups will support Ethereum before the upgrade to Eth2 sharding. Vitalik Buterin believes that Optimism’s layer-two solutions will soon be accessible for the network to use while developers work on the chain merge.
Vitalik stated that rollups would soon come, and Ethereum will utilize its first while giving developers the time to complete their work. According to him, before the network could require more scaling, sharding must have been ready by then.
A Brief on Rollups
Rollups help Ethereum to operate without scaling issues. They’re second-layer solutions that facilitate the processing and storage of transaction data on sidechain before bundling them as one single transaction onto Ethereum’s mainnet. These solutions reduce the scaling issues which the Ethereum network is facing currently.
Let’s recall that Ethereum is now charging high transaction fees. This is due to the competition for bandwidth going on amongst users. That’s why Buterin is optimistic that rollups can reduce the issues for now until Eth2 sharding is ready.
Ethereum Devs are aiming to achieve scalability with sharding once it’s out. However, Buterin opines that for now, rollups can be the mid-term solution that could increase the network’s transactional throughput 100X higher than what it is now.
Vitalik Buterin Predicts Impact of Rollups on Ethereum Network
According to Buterin, Optimism’s EVM or Ethereum Virtual Machine may launch 4 weeks from now. Many people in the crypto community expect DeFi leaders to embrace Optimism rollups.
Commentators are speculating that the Uniswaps upcoming V3 upgrade may use the rollups as well. Also, protocols like Synthetix and Aave may be amongst the first to use the Optimism rollups.
But apart from these particular rollups, others like zkSync and Loopring had also launched. But they could only process simple transactions and only for assets exchange. According to Buterin, these technologies have been running for a year now. So, rollups are currently existing and not just theory.
Many users have utilized them to mitigate Ethereum’s scaling issues. In another news, Buterin wrote a proposal to create a system that’ll enable smart contract protocols to communicate with one another on different layer2 solutions.