Open Source Ethereum 2.0 publicly released
Ethereum is generally considered one of the most significant technological advances in blockchain technology from the invention of Bitcoin.Ethereum offers a new cryptocurrency, known as Ether, but its biggest advantage is that the blockchain offers a unique platform that easily gives developers the means to create and run their own blockchain applications with relative simplicity. The platform has been incredibly well received, leading to the creation of thousands of unique blockchain-based applications and maximizing the value of the overall asset.
But despite all the positivity, the network Ethereum still faces a series of problems, largely regarding the technical specifications that manage the blockchain from the back-end of the platform. As a result, the team behind Ethereum continues to come out with new ideas, concepts and updates aimed at making the system better and more technically feasible.
An organization outside Ethereum, however, is committed to trying to solve one of these major problems to hit the Ethereum network. Scaling is a problem that eventually confronts any conceivable blockchain in the status quo. Bitcoin, for example, has faced the problem of downsizing its network and its millions of transactions for a few years. Although Bitcoin developers have been playing with various potential solutions to the problem, scaling still remains a topic of discussion for many developers and blockchain experts.
Prysmatic Labs is a distinct coalition of developers that is currently working to solve the problem of downsizing on Ethereum . Their strategy revolves around a prominent client called Ethereum Casper . The open client works to scale Ethereum, which means it works to make it possible for the cryptocurrency to be processed many at a time.
The original version of the client used cross-shard communication to facilitate the resizing process. The company was renowned for its progress in development trying to make the Ethereum customer infinitely more efficient and effective. Although there is still much work to be done, the company's official website states that their dedicated team of developers continues to work to solve the major scalability issues that prevent full scalability for the Ethereum client.
Ethereum 2.0 Casper
The new version of Casper technology attempts to solve a couple of key problems in the latest technology sharding . For one, development solves a couple of inefficiency problems in the cross-shard communication structure of the previous version. This helps to make the problem of the train and the hotel less significant. This problem is a problem in the communications world. Use the analogy of someone trying to book both a hotel room and a train ticket. Someone would like a transaction to pass one of these requests if both things go well.
For the blockchain Ethereum this means that whenever a problem occurs on one of the fragments or transactions on the blockchain fails, it could mean a failure in the whole system. Instead, this new edition plans to implement the concepts of data and state separation in their single cross fragment system.