Ethereum Foundation’s coordinator Danny Ryan while revealing some of the design details of the new Ethereum 2.0 has mentioned the increase in the block size of the Ethereum. He said, “We are making the blocks bigger based on recent research on safe block size and propagation times, so the data availability of the system is still > 1MB/s so you can still get similar scalability gains when doing things like ZKrollup and OVM.” However, the release date of Ethereum 2.0 is still unclear.
The size of the block has been one of the areas where there has been great research and arguments have taken place over the years. The size of the block influences the blockchain scalability. The block size in Ethereum 1.0. could differ based on network activity. However, with Ethereum 2.0., every part of the blockchain has a specific and target block size. This means that Ethereum 2.0 has the capacity and ability to process about a billion transactions every day.
Ryan further says, “To achieve similar scalability as the previous proposal, target shard block sizes are being increased 8x, from 16kB to 128kB. This provides the system with greater than 1 MB/s of data availability which synergizes well with promising L2 schemes…
The network safety of these larger shard block sizes are justified by recent experimental research done on the existing Ethereum network”
Design of the Shards-
The Ethereum 2.0 is designed in such a way that all the shards will be cross linked which will simplify the communication and would result in much better user experience.
It is clear that Ethereum 2.0 is certainly working and is aiming to increase the speed and scalability. This will involve the concept of sharding and switch from Proof-of-Work to a Proof-of-Stake consensus. All the cryptocurrency enthusiasts must wait patiently for the faster Ethereum 2.0 to be released.