TechFlow News — Joe Lubin, co-founder of Ethereum and founder of ConsenSys, said in an interview that high gas fees are a measure of success—they are a pain of growth and unavoidable. "Whenever a new technology succeeds, it always faces scalability issues. Whether it's CPU cycles, screen space, or memory, software engineers inevitably push the limits of the technology. It turns out consumers do the same," he said.
Lubin stated that Ethereum 2.0 should arrive "in the second or third quarter of next year," helping to resolve transaction costs and energy consumption issues.
"By the way, Solana and Avalanche are both cool systems. As consumers use them more, we've seen their transaction fees climb to $1 and $2 respectively. Ethereum will be the blockchain for blockchains. It will become the primary settlement layer for digital assets and serve as a coordination layer for many different Layer 2 technologies," Lubin said.
