From the point of view of a crypto-trader, the best short-lived digital asset in recent days has been Ethereum (ETH). The digital resource had many of its fans and HODLers who clung to their seats while they watched it systematically decrease in value from $ 300 just two weeks ago, to levels below $ 171 three days ago. Many thought that the decline was due to the general bear market, but few knew that the days of Ethereum's domain were numbered due to the lack of resolution of scalability problems on the network. This fact has caused some Wall Street companies to have knocked down ETH since June of this year.
The ETH has returned from its recent lows of $ 171 and currently trades at $ 215. The digital asset could be destined for glory passed to even higher levels in the coming days and weeks.
Sharding Demonstration on the Ethereum Network
One of the solutions that has been advanced for scaling problems on the ETH network is sharding. This is a concept that allows you to divide the nodes and transactions into smaller groups rather than having the entire network to validate the transaction.
It is with this definition that we can proceed to point out that one of Ethereum's researcher and developer, Vlad Zamfir, created and demonstrated the first sharding case on the network with fellow developers Tim Beiko, Steve Marx and a programmer known simply as "maureliano". Vlad revealed the development at the Ethereum hackathon event in Berlin this week: EthBerlin.
Vlad will continue to explain it as follows:
It really is a demonstration of the most important component of my sharing roadmap. It prevents the error of atomicity of the cross-shard or, more specifically, prevents the finalization of the error of atomicity cross-shard, so it will never be that a & # 39; send & # 39; is finalized and a & # 39; not received & # 39; It is finalized.
we add that it is still under development and that we could have a prototype running on our computers in less than a week.
We're still working on integration, but let's go back in a week and it should be something we have instructions for and you can follow the instructions and make it work on your computer.
The beginning of a possible permanent solution
Although the sharding demonstrated by Vlad did not include a system for transaction costs and a way to route transactions and messages from one fragmented to another, is a step in the right direction for the Ethereum network. The way software programming works is that it is a coding and testing cycle before a final solution can be provided.
Vitalik Buterin, in an interview released in September 2017 by JoongAng, said that the sharding prototypes would become a reality in a year with the final possible solution between 2 and 5 years. Since his interview was a year ago, it is safe to assume that a solution will be provided to the Ethereum community in the next one to four years. Therefore, buying the dip and / or HODLing are once again the investment strategies for people who watched the ETH.
Disclaimer: This article is not intended to give financial advice. Any opinion here should be taken as well as it is. Perform your research before investing in one of the numerous cryptocurrencies available .