Analyst: Ethereum 2.0 may not completely solve the problems of network congestion and high gas fees

academy.ivanontech.com

Cryptocurrency analyst Alex Krüger said on Twitter that the number of single DeFi addresses is increasing rapidly, and 350,000 addresses have been added since the beginning of this year. Although DeFi platforms like Uniswap surpass Coinbase in terms of transaction volume, its user base is still small compared to Coinbase's 32 million users. Assuming that the gas cost of the Ethereum network has reached its peak, now is a good time to actually evaluate how much the gas cost of Ethereum 2.0 will be different. According to its analysis, Ethereum 2.0 was initially set to start with 64 shards, and each shard may run as an independent chain with its own transaction history. In this case, the transaction capacity of the network will increase 64 times. Based on the assumption that each DeFi user has four addresses, this is equivalent to approximately 114,000 single users. Under the optimistic assumption that each DeFi user only uses two addresses, this number is close to 220,000 users. There are 64 shards, which is equivalent to 14 million users-still not up to the processing power of Coinbase. To make matters worse, Coinbase is only one of several large exchanges. Following the analyst's logic, sharding on Ethereum 2.0 cannot completely solve its congestion problem. (Crypto Briefing)



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