When trying to immerse yourself in Ethereum, the first important step is to expand the field * beyond * Ethereum



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The Blockchain Technology Conference has come to an end but now is the perfect time for an overview of the most important takeaways.

We gathered enough information to keep our minds well fed until the next blockchain conference and for those of you who could not attend the conference, we streamed three key notes so you do not miss a thing. You can find them here and here.

Speaking of takeaways, we spoke with Jana Petkanic, blockchain consultant and speaker at the Blockchain Technology Conference, about Ethereum, misconceptions about blockchain and what should keep developers in mind before diving into Ethereum.

SEE ALSO: "Decentralization is more important than blockchain"

Here are some quotes from the interview:

  • One of the differences between the Ethereum blockchain and the Bitcoin blockchain is the speed of the transaction. But all these features bring some advantages and some disadvantages. We can not say that Ethereum is better or Bitcoin is better. depends on the specific case you want to build.
  • Actually there are many faults in Ethereum.
  • There is a huge gap of knowledge between us as people in the industry and among the average users out there.
  • When you do not understand how exactly the blockchain works, then you can not set up an appropriate intelligent contract, no matter how good your language skills are.
  • Hyperledger combined with Ethereum, in the sense of a united community, could indicate that Ethereum will be the first to launch other blockchains and become, in a sense, the next Internet with the blockchain space.
  • Ethereum is not the only blockchain. For developers to understand the different characteristics of blockchains out there that are mature enough, they must follow at least three blockchain ecosystems and then be able to combine the best when building on Bitcoin's Ethereum, etc. It is important to expand the purpose beyond Ethereum.

Jana Petkanic is a Blockchain consultant and supports the think-tank, which is strongly focused on blockchain supply chain applications, brings together many Dutch companies and provides solutions to improve settlement times, liquidity and the origin of the chains supply. In addition, it is the co-founder of Blockchain Talks, the monthly meeting of over 100 people based in Amsterdam that offers quality from the blockchain and cryptocurrency space (conferences, AMA sessions, ICO Shark Tank). She is very interested in the evaluation of the token and the different models of token economy, believes that the exchange equation applied to utility tokens is not the best solution and is very eager to meet more professionals with a focus on token evaluation.

We had more information about Ethereum from the session of Jana Petkanic at the Blockchain Technology Conference 2018:

Blockchain is a bubble but Ethereum has a good chance of survival

In her session titled Ethereum fundamentals, Jana Petkanic discussed the popularity of Ethereum, how it differs from the Bitcoin protocol and what kind of functionality we find on its roadmap. He started the speech by saying that blockchain is a bubble and only authentic projects will survive – Ethereum could be one of these.

He also clarified the air regarding the hackability of the blockchain. "Blockchain has never been violated," he said. "What can be violated are the services around the blockchain".

Java explained that although most people say they are "mining of Ethereum", what it actually means is extracting a block from ETH block block. He also denied the myth of payment; even if there are many versions of the payment narrative, the truth is: If a sender does not have enough gas [the payment unit], the transaction will not pass.

Jana's takeaways:

  1. Never stop studying and always be curious
  2. Do not buy just because it seems to skyrocket soon. Cryptocurrencies should have a whole community (not just three maintainers, let's say), a code, a blockchain, a clear purpose, a value (= product), a traction (roadmap, etc.), a network. The purchase is the vote; more purchases, more support for creators that show.
  3. Be patient with regulators: they simply do not know it. There must be a balance between innovation and regulation (but the new regulations must be applied).
  4. Do not ride the exaggeration – support projects with a genuine purpose that are here to stay.
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