FTX CEO: Even ETH 2.0 Will Not Solve DeFi's Scalability Needs
Editor's Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina), Author: JOSHUA MAPPERSON, reproduced by Odaily with authorization.
Editor's Note: This article comes fromETHCointelegraph Chinese (ID: CointelegraphChina)DeFiCointelegraph Chinese (ID: CointelegraphChina)
, Author: JOSHUA MAPPERSON, reproduced by Odaily with authorization.According to FTX exchange co-founder and CEO Sam Bankman-Fried, Ethereum () cannot cope with decentralized finance (
)growth of.
Bankman-Fried is accepting
“In a way, it’s clear that we’re not solving this problem. We’re either building DeFi on ethereum, or we’re building something that we think is very attractive, but not both.”
Bankman-Fried said some of the new products his team has created "exceed the throughput of the ethereum blockchain by several orders of magnitude."
Bankman-Fried claims that he decided to build his DeFi project Serum on the Solana blockchain because of its speed and infrastructure, having tested blockchains including Ethereum beforehand.More than 30 blockchainsBankman-Fried believes that DeFi will one day have 1 billion users, which means that the blockchain needs to greatly improve its scalability to support a 10-figure user base. Even though the scalability of ETH 2.0 has improved, it cannot meet his expectations:
“What we need is not just 100 times faster than Ethereum, but 1 million times faster.”
During the DeFi boom of recent months, the growing popularity of Ethereum-based DeFi protocols caused serious congestion on the Ethereum network —Transaction Fees Soar Above $15. When Ethereum 2.0 is officially in operation, its scalability can be increased by 100 times to 1000 times.
