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Since its inception, the smart contract platform Ethereum has faced problems of scalability and network congestion. With a recently unveiled roadmap, Ethereum 2.0 and second-level scaling solutions are coming.
What & # 39; s New and Who & # 39; s Building Ethereum 2.0?
Developers at decentralized Ethereum game testing pool (PoS) Rocket Pool has published a rough description of the Ethereum 2.0 roadmap, according to a blog post .
Ethereum 2.0: Who is building it? Https: //t.co/GTcCzfr9ja
– Vitalik Non-giver of Ether (@VitalikButerin) 7 September 2018
The Ethereum 2.0 mainnet will present second-level downsizing solutions, as Plasma and Sharding and will unite key projects to obtain a PoS consensus mechanism.
In addition to client enhancements, Ethereum 2.0 will offer an open source software ecosystem that includes new intelligent contract languages, RPC libraries and development tools.
Through scalability and efficiency upgrades, Ethereum [19659003] 2.0 hopes to improve transaction throughput and become a "platform for new economic systems".
Given the emphasis on decentralization, Ethereum 2.0 will be built on multiple levels of different Ethereum groups of software developers.
PegaSys, the ConsenSys protocol engineering group, also plays a key role in developing aspects of Ethereum Sharding [19659003] client. Other groups of software developers working on Shard clients and Beacon Chain protocols include: Prysmatic Labs, Sigma Prime, Satuts, Chain Safe Systems, Ether Camp and Trinity Team.
Darren Langley, a senior blockchain developer at Rocket Pool, noted conversations about the development of a common test language for Ethereum 2.0:
"An essential process under discussion is the need for a language of common testing that encodes the test cases – allowing researchers to define a series of tests with the expected results that each team can use to validate their implementation against the specifications, providing consistency among the different teams. "
The date Client launch officer [Ethosum 2.0 was not disclosed.
Ethereum Second-level scalability solutions
Sharding is a scaling solution that uses fragments or micro-chains to process separate types of transactions on Ethereum blockchain – requiring only a group of nodes to verify the relevant transactions rather than the entire network.
Similar to Lightning Network by Bitcoin Plasma adds a second level of off-chain goes to the main chain of Ethereum to develop protocols of intensive intelligent contracts high volume more quickly, updating the base level only upon completion of the transactions.
On 10 July Ethereum co-founder Joseph Lubin described the two level systems built on the main chain of Ethereum at RISE, the largest Asian technology conference:
"[ Ethereum is moving] into a space where it can serve as a layer of a trust system, and incorporated into Ethereum we will have hundreds of thousands of transactions in the two levels of the system and we will see it branched out this year ".
Each second-level system is designed to improve scalability on the platform by running dApps regardless of the main chain Ethereum .
Ethereum will become a basic level for dApps built on its second-level sidechains, allowing the maintenance of dApps The security of the Ethereum protocol while operating independently to avoid network congestion.
Cover photo by Jannes Glas on Unsplash
Disclaimer: The opinions of our authors are exclusively their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate approve any projects that may be mentioned or linked in this article. Buying and exchanging cryptocurrencies should be considered a high-risk activity. Please do your due diligence before taking any action related to the contents of this article. Finally, CryptoSlate assumes no responsibility in case of loss of money by trading cryptocurrencies.
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Jonathan Kim
Jonathan Kim is a student of the University of Washington who invests in finance and cryptocurrency with a deep interest in the emerging sector of blockchain applications and cryptocurrency trading. His past experiences relate to the publication of original daily content for blockchain startups and cryptocurrency trading using the principles of technical analysis.
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