Scaling Ethereum
One of the biggest challenges for developers building on Ethereum’s market leading smart contract platform/blockchain are the high fees and slow transactions. These issues arise from the fact that the Ethereum blockchain’s current architecture is not particularly scalable.
The Ethereum core developers have been working on these issues for years and there are changes coming in the core Ethereum protocol that will help with scalability. But the broader Ethereum community is not relying entirely on the core developers to address these issues. There are a number of “layer two” solutions that have emerged that will bring very significant increases in speed and lower fees.
One of these layer two solutions, called Zero Knowledge Rollups, is particularly exciting to us at USV and earlier this year we invested in a project called Matter Labs (also known as ZKSync) that has built what we think is the best approach to Rollups on top of Ethereum.
My partner Nick posted today about ZKSync and outlined why we are so excited about this approach. If you are a developer building on Ethereum and are looking for a good layer two solution, you should absolutely read Nick’s post. I would also recommend it for anyone who is invested in or interested in Ethereum as layer two scaling solutions will likely unlock a lot of value in the Ethereum community over the coming years.
USV TEAM POSTS:
Nick Grossman — Jun 3, 2021
Scaling Ethereum with zkSync
John Buttrick — May 26, 2021
ADDI
Source: https://avc.com/2021/06/scaling-ethereum/
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Whistler Blowers, Insiders
Ether can be called one of the main contenders for the title of the main coin of 2021 for private investors. At the beginning of the year, analysts believed that this altcoin was waiting for a long-term upward trend. The specialists relied on the announced transition of the network to the Ethereum 2.0 version. As soon as the update is released, it will no longer be possible to mine Ether – it will be possible to receive new tokens using staking. This means that coin holders will receive passive income when their wallets are online.
The transition to the new system, on the one hand, will lead to the fact that investors will buy back some of the coins in order to keep them and receive income. On the other hand, they will create pools, thereby pulling the coin out of the market. And the fewer coins on it, the more stable the cryptocurrency rate will be, experts are sure. This, in turn, will lead to a harmonious growth in investment in Ethereum.
Ethereum remains one of the most popular cryptocurrencies. The capitalization of Ethereum has already reached more than $ 410 billion.To generally understand the situation on the cryptocurrency market and the situation with the Ethereum rate in particular, you can study the cryptocurrency predictions https://www.crypto-rating.com/forecasts/
Crypto Rating publishes on its website up-to-date information about the situation on the cryptocurrency market and a cost forecast. Crypto Rating applies an elaborate machine learning algorithms for evaluating the cryptocurrencies, ICOs and exchanges by various aspects of their performance.
Cryptocurrency, essentially strongly-encrypted digital currency that operates outside of a central bank, has been the subject of heavy discussion over the years. Bitcoin started the idea off in 2009 and ever since has been the leading cryptocurrency by a longshot. As of today, there are over 4,000 different variants of Bitcoin.
Yes, you are right, Ethereum remains in the TP of cryptocurrencies and is of interest to many. Now for many, the norm is a calculation in cryptocurrency. And you just can get cryptocurrency for further calculations.
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