Tag Archives: Ethereum 2.0

Upgrading Ethereum: 2.0 and the Quest for Scaleability

Developers have long wanted Ethereum to serve as a decentralized world computer. To achieve this goal the network must maintain its current decentralized architecture while scaling by multiple orders of magnitude. The blockchain can currently handle just 15 transactions per second (tps). In order to serve the global population and the coming deluge of robots and autonomous devices, developers have a lot of work on their hands. Continue reading Upgrading Ethereum: 2.0 and the Quest for Scaleability

Despite Crypto Comeback, Prominent Investor Doesn’t Expect Ethereum 2.0 Until 2021

Per CoinTelegraph, during a panel headlined “The Smart Contract War Is Coming”, Ryan Selkis of data analytics startup Messari drew attention to the shortcomings of PoS. He claimed that the consensus mechanism, which gets rid of energy-chomping miners for entitled full nodes that can process Ethereum blocks, is “not proven to work.” Selkis, who is the CEO of the aforementioned firm, adds that Ethereum’s current Proof of Work (PoW) system may be “even good enough” for long-term scaling. Continue reading Despite Crypto Comeback, Prominent Investor Doesn’t Expect Ethereum 2.0 Until 2021