What should be the future of Ethereum? Opinion Vitalik Buterin
Source:
should handle at least 100 thousand transactions per second — that is the goal Vitalik Buterin. He wants to make Ethereum one of the largest networks in the world that will be able to gain a foothold in the market and get the recognition of many users. In a recent interview to the General Director ABRA bill Borgida Vitaly told about the work of the major problems of the project.
theEthereum on top of the world
Buterin has identified three areas on which are focused developers:
the-
the
- scalability (15 transactions per second against the planned one hundred thousand); the
- usability (the solution to the technical problems and bugs blockchain); the
- security (increased protection for private keys, the solution to the problem of lost passwords).
Yes, many do care about the potential of Air and the ways of its implementation. Vitalik suggested two solutions. The first is based on the extension of the same level — in other words, the continuation of work on existing bloccano. Now the main problem of this way is the necessity of downloading the entire block chain.
Our solution to this problem — sharding — involves a division of random transactions between random computers. Thanks to this group of machines can handle much more information. So we will be able to increase the scale of the network Ethereum somewhere a thousand times.
The Second option is the development of solutions to the second level or decentralized applications. Instead of each time to access the blockchain, the user will perform most of the operations on the second level that will reach out to bloccano using encrypted messages.
Source: TechCrunch
But the fate in such circumstances, it is unenviable. If the developers of the main cryptocurrency will not work to increase the number of transactions per second, BTC «risks» forever remain a means of accumulation. According to Vitalik, this is not the best scenario for the project.
Discuss the word acne can be in our .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Rally Bitcoin — deception. Well-known economist advises to invest in gold
Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff...
May 2Miners: run pools Aeternity, the debut 2CryptoCalc and software upgrades
the Last month of spring proved to work. The team started working on launching (AE), the addition of which the majority voted representatives of the community. Calculator profitability of mining Alexei Rubin moved to the domain and now will develop e...
Related News
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro back...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in...
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
When Bitcoin will reach 250 thousand dollars? Reply venture capital investor
preparing for a bullish trend, so the wave of optimism, many cryptanalysts once again beginning to make long-term predictions about the future price of the asset. Right now, the cryptocurrency is trading at $ 4030. Tim Draper bel...
90 percent of cryptoprocta will be a loss. Sad forecast analyst
I Think the stock market is starting to heat up. stabilized and even showed a slight growth, industry traders, in anticipation of the high season altcoins. However, there are fundamentally oriented cryptanalysts and traders who ar...
Hasrat, Bitcoin peaked for 4 months. The confidence of the miners grows
the Price of the world's largest cryptocurrency has gone up immediately after Hasrat coins recorded a new maximum for the last 4 months. According to Blockchain.com computing the network capacity has risen to 52493 PH/s. Hasrat hi...
Blockstream released their own crypto. The main features of the product
the holders an extra reason for celebration: on the market there are probably the most secure solution for storing coins. Green Wallet from Blockstream can be installed on iOS and Android, in this guide, the project promises maxim...
Binance updated API. The exchange can start trading on margin
After the recent changes API users have noticed traces of integration of margin trading. One of the inhabitants of Reddit has attracted the attention of the community that the API response Binance ceased to be the official documen...
Bulls no: what prevents Bitcoin to finally gain a foothold above the $ 4,000?
tightly entrenched in the area of $ 4,000, which had previously served as strong resistance for the cryptocurrency. And while stability may be a positive factor for investors, many fear a repetition of the November scenario. We w...
Consensus: crypto on the basis of Proof-of-Stake involved more than $ 4 billion
the Popularity Proof-of-Stake continues to grow, this is well illustrated by the high rates of PoS-projects of the stock market. According to analysts, Diar, the reputation algorithm supported by four billions of dollars that perf...
Merit Vitalik: Ethereum ahead of Bitcoin in the activity of developers
though inferior in terms of capitalization, but bypasses completely different — may be the most important indicator. We are talking about the metric «health», which recently appeared on Coinmarketcap. The development of...
The world's best ASIC miner was a divorce, and his manufacturer — phantom
One of the biggest manufacturers of ASIC-miners from Monaco gathers a collection of charges same. As it turned out, the leaders of the company don't even exist. Recall, the company OnMiners boasted in his line «intra-uterine&...
New details from Cryptopia. What is known at the moment?
Representatives of Cryptopia shared with users of the new data on the progress of rehabilitation after breaking 14 January 2019. Judging by the contents of the letter, the staff of the exchange is really doing everything possible ...
The index of dominance of Bitcoin fell to a three-month low. What is in store for the market?
the Proportion of capitalization in the total capitalization of the industry fell to its lowest level in the last three months. This may be the first sign that investors are ready to invest in more risky digital assets, rather tha...
Destroy kryptonite. Is it possible to protect the coin from 51% attack?
Many cryptocurrencies were attacked 51%. Recently, the list of the lucky ones at least got , and . We spoke in detail about the principle of attack and its features . the flames were fanned on the eve Creator Charlie Lee, who made...
Yet, Craig: the Creator of Bitcoin SV offended and left Twitter
Craig Wright — famous lover sharp words not only Bitcoin, but other members of cryptocommunist. After continuous scandals surrounding his persona Twitter account of Wright's closed. While it is not known whether this incident resu...
Bitcoin is real money. And here's why
Today, the share from the CEO of the investment company ADVFN and columnist for WIRED Clem chambers. Experienced financial analyst masterfully lays out on the shelves why he sees real value. I often hear: «bitcoin is not mone...
Co-founder of QuadrigaCX was the culprit. How is this possible?
As it turned out, one of the founders of the infamous canadian crypto currency exchange QuadrigaCX has in the past been involved in numerous crimes. This information came from representatives of Cointelegraph. Michael Patrin run t...
Bitcoin will rise to 6 thousand dollars. The forecast of the trader
the Cryptocurrency markets are showing signs of recovery after several months of stagnation. again break above $ 4,000. However, according to renowned trader, analyst and a leading YouTube channel Tony Weiss, the dominant cryptocu...
Comments (0)
This article has no comment, be the first!