Dankrad Feist, a researcher at the Ethereum Foundation (EF), believes that if the current trajectory does not change, Ethereum will become irrelevant in five or ten years.
Earlier this month, Feist introduced the Ethereum Improvement Proposal 7938. This aims to increase the gas limit by 100 times over four years. This allows you to perform much more transactions per block.
Feist admits that the proposal is “non-free,” but argues that such a non-hot dox decision is necessary because there is a risk of the Layer-1 chain falling unrelatedly.
Researchers are part of a camp that hopes that Ethereum will become the centre of economic activity within the ecosystem.
Feist said that if Ethereum is fragmented in L2, it is likely to be defeated by other competing ecosystems.
Feist believes that Ethereum can scale without compromising its important properties (censorship resistance and divinity).
As Reported by U.TodayCardano founder Charles Hoskinson, argued that because of the “parasitic” Layer 2 solution, Ethereum will not survive 10 years from now. Hoskinson predicted that Ethereum would lose its crown to Apple and face the fate of Blackberry, a leading smartphone maker that was extinct.
