If Ethereum Fails to Increase Its Capacity by 100 Times, a Researcher Predicts Trouble
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Arch-critic Dankrad Feist, a researcher at the Ethereum Foundation (EF), thinks Ethereum might fade into oblivion within the next decade if its current path doesn't alter.
Recently, Feist presented Ethereum Improvement Proposal 7938, aiming to ramp up the gas limit by a whopping 100x over four years. This would theoretically allow for a gargantuan surge in transactions per block.
Feist himself admits that this unconventional move is necessary to thwart Ethereum's potential decline to irrelevance on the layer-1 chain.
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Feist envisions Ethereum becoming the central hub of economic activity within the ecosystem. Long-term goals include scaling Ethereum up to a staggering 1,000x, as per Feist.
Fragming liquidity across layer-2s could lead to Ethereum's eventual surrender to competing ecosystems, warns Feist.
He's convinced that Ethereum can scale without compromising its crucial properties — censorship resistance and verifiability.
As reported by U.Today, Cardano Founder Charles Hoskinson foresees Ethereum's downfall within ten years, citing "parasitic" layer-2 solutions as a culprit. Hoskinson predicts a grim end akin to Blackberry, the smartphone mogul that lost its title to Apple in the late 2000s.
Matt Hougan, Bitwise's Chief Investment Officer, opines that Ethereum has taken a step back from digging its hole further, in response to Feist's proposal. However, it remains to be seen if Ethereum manages to escape its predicament, according to Hougan.
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Experts seen to be relatively hopeful about Ethereum's future, highlighting its practical utility in decentralized finance (DeFi) and non-fungible tokens (NFTs), while critically evaluating scalability issues and emerging competition [2].
Scaling Ethereum's layer-2 solutions (e.g., rollups, sidechains) is vital to preserving its dominance. Analysts propose these updates could boost adoption, decreasing transaction costs and enhancing throughput, setting the stage for a price rebound to $3,500–$5,000 by late 2025 [2][5]. Technical indicators like ascending triangles and bullish RSI readings suggest a bullish trend, with price targets reaching $2,000–$2,900 by mid-2025 [4].
Rising projects like Remittix (RTX) are garnering attention for specialty use-cases (e.g., cross-border payments), yet Ethereum remains pivotal to DeFi and NFTs [2]. However, experts caution against regulatory swings or abrupt market downturns, which could subject Ethereum to instability, especially as challenger ecosystems race to improve their own scalability solutions [2][4].
Long-term projections point towards institutional adoption and staking growth as primary drivers. Price estimates range from $1,666 (support) to $5,960 (bull case) in 2025, contingent on macroeconomic conditions [5][4]. Whale activity and ETF inflows have lately bolstered fundamentals, hinting at resilience against short-term contenders [4][5].
Ethereum's established ecosystem sparks optimism, yet its capacity to scale efficiently will determine whether it overtakes emerging networks in the long run [2][5].
- Arch-critic Dankrad Feist, a researcher at the Ethereum Foundation (EF), contends that Ethereum might become obsolete within the next decade unless its current trajectory changes dramatically.
- To combat Ethereum's potential decline, Feist went against the norm, proposing Ethereum Improvement Proposal 7938, which aims to increase the gas limit exponentially over four years.
- Feist envisions Ethereum becoming the epicenter of economic activity within the ecosystem, with long-term goals of scaling it up to an unprecedented 1,000x.
- Fragmenting liquidity across layer-2 solutions could lead to Ethereum's eventual loss to competing ecosystems, warns Feist.
- Matt Hougan, Bitwise's Chief Investment Officer, suspects that Ethereum has managed to avoid digging its hole deeper with Feist's proposal, but it remains uncertain if Ethereum can extricate itself from its predicament.
- Scaling Ethereum's layer-2 solutions is crucial in preserving its dominance, as experts suggest these updates could boost adoption, decrease transaction costs, and enhance throughput, potentially setting the stage for a price rebound to $3,500–$5,000 by late 2025.
