Ethereum co-founder reveals his vision for ETH 2.0

Ethereum co-founder reveals his vision for ETH 2.0
фото показано с : invezz.com

2021-12-9 08:00

Ethereum’s pending upgrade, popularly known as Ethereum 2.0, has been in the works for years now, and the developers were finally able to start implementing it about a year ago. However, the process is slow and lengthy, and still not done, even now.

But, many still anticipate its full release and follow every move that the developers are making with great interest. This is why the project’s co-founder, Vitalik Buterin, recently published his own vision for the ETH 2.0 plausible roadmap, essentially revealing what he imagines it might be like once it finally arrives in full.

Buterin presented a future where Ethereum (ETH/USD) — still the largest smart contract platform in the crypto industry — can boost its scalability and meet the highest standards for censorship resistance and trustlessness.

Buterin’s new idea

Buterin published a blog post yesterday, December 6th, under the title “Endgame.” In it, he presented a thought experiment for how a big blockchain, defined by high block frequency, thousands of transactions, and high block size, can still be considered trustless and censorship-resistant.

Usually, this level of scalability comes at a price, and the price is centralization. However, Buterin then provided a solution that does not address the centralization issue itself but offers a roadmap for the implementation.

Buterin suggested the introduction of a second tier of staking that would use low amounts of resources for carrying out distributed block validation. With the updates he suggested, it would be possible to create a chain where block production remains centralized, but the block validation is trustless and highly decentralized. More than that, it would have a specialized anti-censorship feature that would prevent block producers from censorship.

Finally, he concluded by sayings that there is a high probability that the block production would remain centralized regardless of what path to scalability the project takes. However, his solution offers to make certain parts of the process decentralized, which is still a step in the right direction.

The post Ethereum co-founder reveals his vision for ETH 2.0 appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3348.34 (+1.93%)
Объем 24H $45.194b
Изменеия 24h: 7.48 %, 7d: 5.67 %
Cегодня L: $3039.69 - H: $3348.34
Капитализация $403.232b Rank 2
Цена в час новости $ 4413.27 (-24.13%)

ethereum year implementing start able ago process

ethereum year → Результатов: 126


Ethereum: Dencun Upgrade Likely Delayed To Early Next Year

The anticipated Ethereum upgrade, dubbed Dencun, amalgamating the consensus layer (Deneb) and the execution layer (Cancun), is poised for a likely delay to early next year. The discussions during the Ethereum All Core Developers Consensus Call (ACDC) #118, chaired by Danny Ryan from the Ethereum Foundation, signposted this potential delay amid discussions surrounding the pivotal […]

2023-9-22 17:00


Ethereum начинает все меньше коррелировать с биткоином

Зависимость эфира (ETH) от биткоина (BTC) ослабевает с конца октября. На такую тенденцию обратила внимание команда Unfolded, использующая данные CoinMetrics. Ethereum's third attempt this year to break out from #Bitcoin, 1 month correlation at 49%, lowest since early 2018.

2020-11-10 11:54


Фото:

Stellar (XLM) Still On Track to Implement Lightning This December

Back in mid March this year, the team at Stellar (XLM) announced that they had decided that the Lightning protocol was the best long term scaling solution for its network. The team noted that scalability was one of the most debated issues in many blockchain projects and they were approaching it with an open mind […] The post Stellar (XLM) Still On Track to Implement Lightning This December appeared first on Ethereum World News.

2018-9-25 15:49


Фото:

Bitfinex Launches Ethfinex For ‘Trustlesss Trading Experience’ of Ethereum Tokens

Bitfinex, one of the leading cryptocurrency exchanges, announced the launch of a hybrid Ethereum-based exchange. Users will be able to trade over 57 Ethereum based tokens on-chain.  ‘Trustless Trading Experience’ At the time of writing this, Bitfinex is the fifth largest cryptocurrency exchange, having handled over $317 million in the last 24 hours according to data from CoinMarketCap.

2018-9-17 21:00


Фото:

Research: 920k Servers Can Be Infected By “Wannamine” Cryptojacker

Leaked National Security Agency Exploits & Cryptojacking Attacks Although crypto prices across the board have seen sharp declines since the commencement of 2018, cryptojacking, or the act of illegally siphoning computational power to mine cryptocurrencies, is still a rampant threat, well that’s what a recent report from TechCrunch alluded to.

2018-9-17 03:35