ethereum - Ethereum 2.0 Revealed — What To Expect?

Ethereum 2.0 Revealed — What To Expect?

The new Ethereum 2.0 roadmap has been revealed by a senior blockchain developer at Rocket Pool. Darren Langley unveiled the important update on September 7 in a blog post.

Ethereum 2.0 Unveiled

The first notable aspect on the timeline is that Ethereum 2.0 combines Proof-of-Stake (PoW), Sharding, and eWASM. Once Ethereum 2.0 is released it will support an important number of on-chain transactions.

With the latest developments, Ethereum looks to become the game-changing piece of infrastructure for the world’s technology. Moreover, it could become a platform for new economic systems and a hub for global collaboration.

Vitalik Buterin commented about blockchain technology:

“Blockchains are politically decentralized (no one controls them) and architecturally decentralized (no infrastructural central point of failure) but they are logically centralized (there is one commonly agreed state and the system behaves like a single computer).”

In order to make Ethereum 2.0 work, there are several topics that are being discussed and debated right now. The Ethereum Research site helps developers understand and critique several important proposals.

There are some projects and topics that can already be implemented. However, there is still an important number of projects still in their infancy.

Furthermore, there are several teams that are working on building a beacon chain client. This is a key point for Ethereum 2.0 and its vision. The beacon chain includes sate data structures and persistence, per block state transition, fork choice implementation and validators shuffling. In addition, the beacon chain already includes block proposer role, data structure serialization and P2P protocols.

The blog post also talks about eWASM, which is not specific to the 2.0 release.

“The project has been in development for some time by the eWASM team and is focused on compatibility with the current EVM,” explains the blog post. “The eWASM team are assessing the implications of the new approach but the research is still quite early in regards to how execution will actually work.”

There is an important number of developers working on top of Ethereum. Now, the research continues and new implementations will be made in the future.

In the last hours, Ethereum has traded under $200 dollars, the lowest price in nearly a full year. At the same time, its market share is close to 10% of the total market—the same level as December 2017.

 

Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

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