Adding to the hype from ETH ETF expectations, Vitalik Buterin explains how Ethereum’s Layer 2 networks function like shards, effectively advancing the blockchain’s scalability ahead of the official sharding rollout planned for 2025.

Integrating zero-knowledge proofs with sharding, the rollup aims to address Ethereum’s scalability and privacy challenges. The Nil Foundation’s initiative is poised to showcase sharding ahead of Ethereum’s own roadmap.

Ethereum developers have approved the list of improvements to be included in Ethereum's next major update. The update is expected at the end of 2023

Vitalik Buterin stated that the fee for Ethereum Layer 2 transactions should be under $0.05 to be “truly acceptable.” The father of Ethereum has long been concerned about the high fee.