- Layer 2 solutions aim to solve scalability and high transaction issues on Ethereum.
- CEO of Enya.ai Alan Chiu said scalability on Ethereum is already making headway.
- The Ethereum development team also scheduled network upgrade EIP-1559.
In the blockchain world, one of the most anticipated developments in the industry is the launch of Ethereum 2.0. In fact, ETH 2.0 will solve the scalability and issues on the high transaction Ethereum network.
However, Alan Chiu, CEO of Enya.ai, is trying to do the same sooner in a Layer 2 race. He said Scalability on Ethereum is already making headway. At the same time, the world waits for the next level of Ethereum.
Moreover, Chiu said in a video interview,
“Ethereum has a rather limited capacity for computation. This has been a known problem for several years. What happened more recently is, Vitalik and many other Ethereum r...This article was first published on coinquora.com