Rate this post
Ethereum Sharding

After months of waiting for a the Ethereum developers to finally make up their minds on what the release date of the much anticipated upgrades to the ethereum network will be, we finally have an update on Ethereum Sharding and Casper. During TechCrunch’s recent conference the team’s researcher, Drake Justin, stated that Ethereum blockchain users will have to wait till the year 2020 for the official release of Ethereum Sharding.

This was during the time when both Vitalik and Justin were talking about the blockchain platform and plans for the future. Vitalik in his speech mentioned that

“There are a lot of people who are sending transactions and want those transactions to get onto the blockchain. The blockchain is popular enough and people are interested enough in using it that they basically have to compete to get those transactions included into the blocks.”

During the speeches by both members of the Ethereum network developers, it was mare clear to the public that developing Casper and Sharding were top priorities for Ethereum. Drake mentioned “The idea of proof of stake (for Casper) is partly to provide a new superpower to blockchains which is called finality. The other idea of proof of stake is to reduce the cost of consensus.”
Both Casper (which uses proof-of-stake) and Sharding have been under development for quite a while now, and independent of each other. Drake took time to shed light on Ethereum Sharding, which happened to be the main focus of his delivery.
He explained that Ethereum Sharding was more like having two alternate timelines known as “shards” but all happening simultaneously like in comic books. However, he stated that these shards which would individually handle transactions were interconnected by a medium known as “cross-links”.

“With sharding, you have all these different shards and they’re like parallel universes, pretty disconnected from each other and so you want to wait for the shards to be able to communicate with each other and we do that by what we call cross-links or checkpoints.”

What the team seeks to do now is find a way to integrate Casper with Sharding’s technology. According to the team, doing so made Casper even much stronger, a hybrid they were primarily calling Ethereum 2.0.
Ethereum enthusiast may be getting Casper pretty soon, were soon is 2019, but for Ethereum Sharding, you all who are so eagerly waiting may as well have to “burn in hell” till 2020 if I may borrow Vitalik’s moat famous quote from this past week.
Casper’s data layer phase one will release in 2019, later followed by its phase two probably in the same year. But for Ethereum Sharding, enthusiasts can wait as much as 2 years; if cryptocurrencies are still a thing then, and haven’t run out of gas for people to also lose interest in crypto-backed blockchain platforms – just saying.
Just like Casper, Ethereum Sharding will also be in two phases. The first will release in 2020 according Drake Justin, and the second in the following year. The concept of Shards is to help network run multiple transactions simultaneously by splitting them across several parts of the network for speed and to save time. This is because each shard will have the ability to process transactions and along side other shards , thus the more shards the more transactions to be completed within the same time.

Read more:

Follow us on Telegram

iporn xxx
arab xxnx

Share This