Ethereum faster

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The temporary lift comes as ETH and participating in the Trade over cryptoassets.

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Run your own Ethereum node in 2 mins
Optimism aims to address one of Ethereum's biggest problems. As a layer 2 protocol, Optimism significantly improves scalability. In terms of processing speed, Ethereum can currently process around 30 transactions per second. Ethereum will bump this up to a whopping. Creator Vitalik Buterin says Ethereum will use a proof-of-stake blockchain that will get around the trilemma of decentralization.

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calendar_month 13.05.2023

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If a transaction is invalid, it is not added to the ledger. So, why change to Ethereum 2. This efficiency is a key driver in the increasing appeal of blockchain technology, especially for a growing user base seeking swift and reliable transaction methods. The next phase, known as Phase 1, will introduce sharding, a mechanism that will split the Ethereum network into smaller shards or chains, each capable of processing transactions in parallel. In particular, the platform has gained traction in the decentralized finance DeFi space due to its speed and low transaction fees.