In a declining market, one of the most important events in the cryptography industry has flown under the radar of many investors. The event, Devcon4, an event centered on Ethereum which was attended by some of the best and brightest in this sector, highlighted the fact that while the market is full of skills, the fundamentals of Crypto are going well.
Among the multitude of developments announced at the current Devcon4, which is hosted in Prague – an encrypted city in and of itself – some have distinguished themselves more than others, including the first of MetaMask's mobile client, an update on the second phase of Ethereum a long-awaited roadmap and a song always so silly with Vitalik Buterin himself.
MetaMask supported by ConsenSys reveals the mobile application, Ethereum To Go Mobile
Since its inception, Ethereum Network, with all its decentralized applications (dApp) out of the world, blockchain-based tokens and smart contracts, has often been seen as an entity abstracted by many consumers. However, consumers were not left in the dark, as the MetaMask Internet browser plug-in, one of the first applications created exclusively for Ethereum's blockchain, was and is still a viable way for users to interact with the vast ecosystem of Ethereum.
While MetaMask has alleviated the problems of many perplexed users, there has been a hole in the heart of the Ethereum user group, who have had little opportunity to interact with the blockchain ecosystem through their mobile devices.
This changed on Wednesday, however, when Joseph Lubin, a Canadian technology entrepreneur and co-founder of the Ethereum project, took chirping to express his excitement for a development update from the dedicated MetaMask team. Lubin, who currently resides on ConsenSys, the so-called "Google" of the blockchain world, wrote:
The @metamask_io The mobile app has just been announced a # Devcon4! Everyone's favorite #Ethereum The browser extension arrives on your phone. The team is focusing on not being "just a wallet", but a portal to the world of all things #blockchain. https://t.co/3bvQXuF8gV pic.twitter.com/vcaIkkzcVS
– Joseph Lubin (@ethereumJoseph) 31 October 2018
Although this announcement highlights the fact that MetaMask is ready to release a mobile client, which will allow smartphone users to have Ether and ERC tokens, and interact with dApps and smart contracts, a timeline has apparently not been left hidden.
Vitalik Buterin goes serene – unveils "Serenity"
After months of waiting, Wednesday, Vitalik Buterin, the de facto face of the Ethereum network, took the stage of Devcon4 to broadcast a keynote in front of an exhausted crowd. While many were not expecting it, Buterin, who plays a role as the champion and nominee of Ethereum, takes a little time to highlight the old-scale debate on Ethereum.
Like Bitcoin, Ethereum is currently supported by a Proof of Work (PoW) consent protocol, which allows miners to allocate their own computational resources to validate and protect transactions on a decentralized network, albeit at a slow pace.
However, unlike Bitcoin, due to the relative inefficiencies of PoW and the increase in ASIC centralization, the Ethereum Core development team tried to move away from the original consent mechanism of the network. The first step of Ethereum towards the abolition of PoW has apparently taken the form of the so-called "Serenity Protocol", which, as explained by Buterin, is a hybrid between PoW and Proof of Stake (PoS), the estranged metaphoric cousin dell & # 39; ex.
As noted by Tim Copeland of Decrypt Media, who is present at Devcon, Buterin said:
"Serenity is the world's computer as it really is, not a 1999 smart phone capable of processing 15 transactions per second and possibly potentially playing Snake."
For Buterin, through the use of PoS, a brand new blockchain and a three-part roll-out, Serenity can ultimately facilitate "pure PoS consensus, faster times to synchronous confirmation (8-16 seconds), economic purpose (10-20 minutes), "and, perhaps most importantly, a scalability increase of 1,000 times, which should solve all current shortcomings in the sizing of Ethereum.
At the end of one of Devcon's last keynote notes, Buterin joined a number of eminent members of the Ethereum community and Jonathan Mann, a famous internet singer, to immerse themselves in the conference crowd , who had probably suffered a caffeine arrest after a long day of friendly talk, discussion and development.
– MyCrypto.com (@MyCrypto) 31 October 2018
The song, which was sung by Mann, Buterin and those in the auditorium, has jokingly highlighted the "failed ideas" of Ethereum and a brief summary of the tumultuous history of the project. While the topics covered by the song may seem enthralling, Mann has closed his work of art with a sing-a-long, inviting the public of Devcon4 to sing "BUI. BUI BUIDL" along with other stupid, but funny cryptographic clichés.
It is important to note that, while the first day of the exhaustion conference was filled up to the edge of exciting announcements, the event is all but over, with two full days jam session for attendees Devcon's screaming from the roofs that the crypt is here and is here to stay.
As stated Lubin, the aforementioned founder of ConsenSys, in a recent interview "First On CNBC":
"Digital currencies are not on the verge of collapse – over the last 10 years we have witnessed numerous booms and unpacking in our ecosystem and it has never been stronger than now – I measure it in terms of the number of projects, people, entrepreneurs and developers [involved in this space.] They are orders of magnitude bigger than it was and the basic infrastructure is being built ".