Since the CryptoKitties incident of 2017, Ethereum users have noticed the network lagging behind the needs of users.
Gas prices regularly spike and stuck transactions have become commonplace while using Ethereum. This has become so apparent that Vitalik Buterin, co-founder of Ethereum, believes that Ethereum is “unusable” for many users.
Scaling with Layer 2
This will be the status quo of the network for years to come before it is feasible to reach scalability for the many decentralized applications (DApps) across the Ethereum ecosystem.
He states that the only option now to combat scalability is to move to layer 2 protocols. According to Buterin, the shift will take place slowly.
A Long Road Ahead
The current status quo may be the case for several years to come, according to the Ethereum 2.0 roadmap.
“The L1 is nearly unusable for many classes of applications, and there’s no non-L2 path that can get us to scalability in the short-to-medium term,” Buterin wrote in an Ethereum developer thread.
Ethereum's Vitalik Buterin says "base-layer scalability … is still years away."
Also, "the Ethereum ecosystem is likely to be all-in on rollups (plus some plasma and channels)"
This is why L2 scaling solutions look like highly attractive investment opportunities right now.
— Altcoin Buzz (@Altcoinbuzzio) October 3, 2020
The issue is that many of the most popular Ethereum DApps currently run on layer 1 protocols.
What does it mean for you, the average BTCpro reader? Well, you might want to load up on some extra gwei to pay for transactions. Scalability will take a while.