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Ethereum Roadmap 2017

Why You Should Pay Attention To The Road-map For Ethereum In 2017

Why You Should Pay Attention To The Road-map For Ethereum In 2017

Have you ever had a dream of the next big technology? Well, it could be right in front of your face and you may not even realize it or sniff it out. The key to Ethereum is simplegrowgrowkeep growing. In 2017, Ethereum has began a year for what developers and startups can be excited about. Different economic sectors are working to become apart of the blockchain for Ethereum. In some ways it reminds me of an Amazon or Facebook because it is on an exponential growth pattern. Below is the things that have come already or are on the way for 2017. Each of these industries will prove the abilities in Ethereum as a technology. One goal is to get to Proof of Stake by 2018 and I believe it will happen. This is onlythe tip of the iceberg! Many new use cases are being thought of and developed in healthcare, marketplaces, banking, token exchanges, gaming, entertainment, loans, identity management, file storage, business services, payments and more everyday. Ethereum provides developers the ability to use smart contracts and protocols to introduce a new commerce.When new innovations begin to flood the market, there will be a natural inclination for consumers to test out the technology especially if it saves them money. This introduction which has been talked about heavily at the Consensus 2017 conferences isnt a bubble or fad. Ethereum is the beginning of something great that could change the world. Just the other day the Metropolis project was looking for developers to do QA/testing. This software is expected to be completely finished by the end of Summer 2017. One of the upgrades that is noteworthy is Ethereums user interface, which will facilitate more adoption by those who dont know how to use the current format for command-line. In the next year, we should see transition in Eth Continue reading >>

Ethereum's Development Roadmap - What Is Metropolis? - Bitfalls

Ethereum's Development Roadmap - What Is Metropolis? - Bitfalls

Frontier was the first phase of Ethereum development, launched in July 2015. It was intended primarily for people with a technical background, considering that interaction with the network itself was done primarily through the command line (an interface not all people are familiar with). Frontier was a bare-bones network made of basic parts needed for it to function. The purpose was to develop and test decentralized applications, to test different tools, and to start mining Ether. Homestead is the second phase of Ethereums development, launched on March 14th 2016 (Pi day). It activated on block 1,150,000 and it brings many protocol improvements which lay the foundations to future upgrades and for speeding up the transactions on the network. The third Ethereum phase is very interesting and brings us many changes and novelties like security updates, smart contracts getting smarter, and permitting a larger degree of automation. Metropolis also makes using Ethereum easier for regular people with light clients (programs which do not need the whole blockchain downloaded locally, which could take a hundreds of gigs) like Status for iOS and Android devices. The so-called Ice age is an initiative which will disable mining with graphics cards in the Proof of Work (PoW) consensus mode with the intention of using a more economical approach with a Proof of Stake (PoS) consensus. Proof of Stake will be explained in the Serenity part below The PoS mode stems from the stalemate of development in the Bitcoin community due to disagreements between the miners and the core development team (a group of programmers that work on the Bitcoin protocol). This disagreement brought on a two-year bickering about improving the scalability and permeability of the Bitcoin blockchain . Bitcoin transac Continue reading >>

Ethereum 2017/2018 Roadmap : Ethereum

Ethereum 2017/2018 Roadmap : Ethereum

Welcome to r/Ethereum , the front page of the Web 3. No inappropriate behavior. This includes, but is not limited to: personal attacks, threats of violence, gossip, slurs of any kind, posting people's private information. Keep price discussion and market talk, memes & exchanges to subreddits such as /r/ethtrader Keep plain ICO advertisements to subreddits such as r/ethinvestor . Keep mining discussion to subreddits such as /r/EtherMining . No creating multiple accounts to get around Reddit rules. English language only. Please provide accurate translations where appropriate. Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Continue reading >>

Devcon 3: Vitalik Buterin Unveils Ethereum Technical Development Roadmap

Devcon 3: Vitalik Buterin Unveils Ethereum Technical Development Roadmap

Ethereum creator, Vitalik Buterin, announcedat Devcon that he had been quietly working on a new comprehensive plan fot the blockchain network, calling it a modest proposal which is aimed at the projects technical development. During the Ethereums flagship conference, the hacker proposed sharding along with other technical changes to Ethereum. He admitted that the expansion of the project would have some impact on storage costs and highlighted the need for solutions that would help mitigate such costs. Scalability is probably problem number one [] Theres a graveyard of systems that claim to solve the scalability problem but dont. Its a very significant and hard challenge. These are just known facts, Buterin said. He also suggested a solution which is likely to solve the problem. It involves partitioning data into subsets so that each node can store only a certain, small component of the network. The underlying mechanism would ensure the accountability of the system and, if required, nodes could rely on other nodes for data. However, this also raises the issue that nodes should send correct information to other nodes. When speaking about these issues, the Ethereum founder proposed a new sharding infrastructure whichwould solve the problems with both scalability and governance. Buterin also said that one of the best options will be to split Ethereum into types of shards the main shard comprising of the current Ethereum network, and other shards or universes. As the hacker supposes, this mechanism would make to changethe smaller shards, and would also bring more cautious changes on the main blockchain. This, in turn, will ensure the networks stability, while giving room to developers to test new changes and move fast on the other shards.Other universes where all this stuff Continue reading >>

The Beginners Guide To Ethereums Roadmap

The Beginners Guide To Ethereums Roadmap

The Beginners Guide to Ethereums Roadmap Ethereums mission is to become a decentralized world computer that replaces server farms. Think of it as a single computer that the whole world can use. It cant be shut down or turned off. As an overview, heres a beginners guide to Ethereum and an explanation of how it technically works . If Ethereum is a computer, then each one of these updates can be looked at as an operating system (OS). Similar to Google launching Android Oreo or Apple launching iOS 10, Ethereum is launching in four stages. Each stage adds new features and improves the user friendliness and security of the platform, while allowing Ethereum to scale. Frontier (July 2015) First live release of the Ethereum network. It allowed developers to experiment, mine Ether, and begin building dApps and tools. Homestead (March 2016) First production release of Ethereum that brought many protocol improvements which lay the foundations to future upgrades and for speeding up transactions. Metropolis (Oct 2017) Lighter, faster and more secure Ethereum broken down into two releases: Byzantium (Oct 2017) and Constantinople (TBA) Serenity (TBA) Will bring us the long-awaited Proof of Stake using the Casper consensus algorithm. All of these updates will help Ethereum scale, which means faster transaction times and lower fees for everyone. As you can see, the Ethereum team has done a great job of scaling transactions. Metropolis promises to be a lighter, faster and more secure version of Etherem. It will also provide greater flexibility to smart contract developers. Metropolis will be split into two core releases: Byzantium and Constantinople. The first hard fork (Byzantium) took place in October . The second hard fork (Constantinople) does not have a set date yet but is expected Continue reading >>

Future Ethereum - Metropolis, Serenity, Raiden | Nextbigfuture.com

Future Ethereum - Metropolis, Serenity, Raiden | Nextbigfuture.com

The Metropolis (Ethereum 3.0) hardfork upgrade is scheduled for late September. It will be the first upgrade since Homestead (Ethereum 2.0) from early 2016. Anonymity Zero Knowledge Proofs (zk-snarks) will allow the Ethereum Blockchain to perform anonymous transactions on a higher level in the future. This is like Zcash. Ethereum chief developer Buterin and Wilcox work together on Zcashs anonymity. Metropolis upgrade provides easier programming for programmers. * Smartcontracts should also be simplified. * Gas is to be adjusted when a transaction is executed, to settle the bill and thus save costs. A kind of masking can now be used to determine the address to which you have a private key. Through this type of assignment, security enthusiasts get additional security for their accounts. This will provide protection against attacks by quantum computers. Difficulty-Bomb is actually delayed and will be part of the 2nd Hardfork of Metropolis. The Difficulty Bomb should cause an expanding difficulty in Ethereums mining. It is an intermediate step for the gradual replacement from proof-of-work to proof-of-stake. This is the so called Ethereum Ice Age. But for the next Metropolis HF in September 2017 this should be delayed to the 2nd part and replaced by a simple Block Reward reducement from 5 to 3 ether per block. The Difficulty Bomb was growing exponential. It was expected the blocktime would reach 30 seconds per block this summer. This will mean the supply of new eth and the network capacity would be halved. In the next month and years the difficulty will increase faster and faster until it become impossbile for the miners to find a block. Metropolis pushes back the difficulty ramp. Serenity will follow and bring the breakthrough to the mainstream, according to Ethereums Roa Continue reading >>

Vitalik Buterin - Ethereum Blog

Vitalik Buterin - Ethereum Blog

Promoting a free, decentralized and open future Thanks to all the developers and team leads who contributed to the sections on their projects In the last month and a half, the Ethereum network went through a rapid growth in usage, to the point that it now processes as many transactions per second as Bitcoin. To accommodate the increased load, which has on [] Over the last month and a half we saw vigorous ongoing research and development on all sides of the Ethereum roadmap, and progress is rapidly starting to translate into real results that can be run and verified inside of an Ethereum client. On Metropolis: Agendas for core dev meetings 15 and 16 here: and [] The last one and a half months have seen great progress for Ethereum research, and we are excited that the protocol is moving closer and closer to the point where it is ready for mainstream adoption. Progress on consensus algorithms, privacy, zero knowledge proofs and formal verification is happening at increasing speed, and our research [] The last one and a half months have seen great progress for Ethereum research, and we are excited that the protocol is moving closer and closer to the point where it is ready for mainstream adoption. Progress on consensus algorithms, privacy, zero knowledge proofs and formal verification is happening at increasing speed, and our research [] During the last month and a half, the Ethereum core development and research teams have been building upon the progress made in the last year, and with the specter of last years security issues now well behind us, work has begun in full force on implementing the Metropolis hard fork. First, ongoing progress on the [] December marks a month of continued progressin the Ethereum ecosystem. Research on proof of stake and sharding continues aft Continue reading >>

Ethereums Road Map For 2017

Ethereums Road Map For 2017

Hudson Jameson of the Ethereum Foundation speaks on Ethereum's roadmap, along with details about the ecosystem and community. At a recent blockchain-focused conference , software developer and member of the Ethereum Foundation, Hudson Jameson, gave a presentation in which he discussed Ethereums roadmap and the future of the blockchain ecosystem. Jameson started the presentation by going over the history of Ethereum, beginning with the formal announcement made by Ethereum brainchild, Vitalik Buterin, at the North American Bitcoin Conference in January 2015. Following this public announcement, the Ethereum blockchain went through two phases: The initial release of the Ethereum network that went live in July 2015. It was a bare bones beta release that allowed developers to learn, experiment, mine Ether (ETH), and begin building Dapps and tools. The second major version of the Ethereum platform and the first production release of Ethereum, which was made public in March 2016. It included several protocol revisions and a network change that provided the ability for further network upgrades and sped up transactions. Jameson made the point that Ethereum is essentially two years old. However, within this timeframe, much has occurred within the ecosystem and community. Light-clients, such as Status , a mobile Ethereum Dapp that will soon be available for iPhone and Android, are advancing consumer adoption by allowing users to access the usage data they need without downloading the entire Ethereum blockchain. Smart contract safety and formal verification were mentioned as hot topics in the blockchain space, due to exploited flaws in blockchain projects that have garnered media attention. Jameson stated that developers within the Ethereum community are doing groundbreaking crypto Continue reading >>

The Ethereum Killer Is Ethereum 2.0: Vitalik Buterins Roadmap

The Ethereum Killer Is Ethereum 2.0: Vitalik Buterins Roadmap

The Ethereum Killer Is Ethereum 2.0: Vitalik Buterins Roadmap Speaking on November 25 at BeyondBlock Taipei 2017 , Ethereum inventor andco-founder Vitalik Buterin outlined his vision for Ethereum 2.0. He described major changes in Ethereums architecture that are likely to be implemented over the next few years to improve Ethereum in terms of privacy, safety (consensus safety and smart contract safety) and, of course, scalability, which was the main focus of Buterins talk. Buterin doesnt seem worried about competitors. The Ethereum killer is Ethereum, the Ethereum of China is Ethereum, the Ethereum of Taiwan is Ethereum 2.0, he said. The fact that Ethereum is booming seems to confirm Buterins optimism. ETHs price has been relentlessly climbing, recently reaching almost $500, and Ethereum is handling more transactions than all other major blockchains combined. Decentralization, scalability and security are among the important properties that blockchain systems should have, but there are conflicts. Off-chain solutions are useful, but limited. According to Buterin, its very easy to have two of these properties but very hard to have all three. However, Ethereums ambitious goal should be that of achieving all three at the same time. We want to scale to thousands of transactions per second, on chain, without any supernodes, reads one of Buterins slides. Sharding dividing a blockchain network into several smaller component networks (called shards) capable of processing transactions in parallel is considered to be a promising way to achieve high throughputs comparable to the thousands of transactions per second of traditional payment networks such as Visa and MasterCard. You can think of [sharding] as, in a fairly simple version, creating a blockchain where you have, lets say, Continue reading >>

The Byzantium Countdown: What's Left Before Ethereum's Next Fork? - Coindesk

The Byzantium Countdown: What's Left Before Ethereum's Next Fork? - Coindesk

The Byzantium Countdown: What's Left Before Ethereum's Next Fork? The next major update to ethereum, the world's second largest blockchain by total value, is set to go live in less than a week. Part of a larger, multi-component upgrade called Metropolis , the so-called"Byzantium" code will be enforced at block 4,370,000 or in about four days according to current metrics as a hard fork . A common (yet controversial ) strategy for upgrading blockchains, this means the changes are required to be accepted broadly by all stakeholders on the ethereum blockchain. In this light, however, it's notable that the use of this mechanism in the past has had mixed results for ethereum. To date, the platform has conducted four hard forks , with only one resulting in the creation of an alternative blockchain, ethereum classic . Given the changes in Byzantium have been outlined in the ethereum roadmap as far back as 2015, it's unlikely it will prove problematic.With two major upgrades from Metropolis postponed, Byzantium is perhaps best seen as a conservative upgrade that will introduce nine key ethereum improvement protocols (EIPs) to the platform. In total, the changes are designed to make the platform lighter and faster to run, improving transaction speed, smart contract security and eventually perhaps, privacy . However, that said, there's still work to be done on the upgrade, with various stakeholders now entering the final stages of their preparations. As the shift toward Byzantium is dependant on the network nodes updating, the main focus in the days ahead will be ensuring the clients that offer software to nodes are ready for the upgrade. This means that startups responsible for overseeing clients need to ensure their software actuallycontains the EIPs that enforce the Byzantium Continue reading >>

Vitalik Unveils Ethereum 2.0roadmap

Vitalik Unveils Ethereum 2.0roadmap

How Ethereum plans to address current problems in theprotocol Vitalik publicly reveals plans for Ethereum 2.0. Credits to the organizers of BeyondBlock Taipei 2017 for thephoto. On behalf of the entire team at COBINHOOD , we are honored to be part of Beyond Block Taipei 2017 , where we were able to stand alongside and exchange ideas with our peers in the Ethereum community. Most significant, perhaps, was the unveiling of the roadmap for Ethereum 2.0 by Vitalik Buterin, co-founder of Ethereum. Below is a short takeaway from his talk, followed by a short introduction to COBINHOOD (in case you dont know who we are yet ). During Vitaliks talk, who was the final speaker during the event, he started off by sharing the most significant problems Ethereum needs to solve and how these issues can be addressed with the introduction of Ethereum 2.0. He began by noting that Ethereum will be evolving over time, and 2.0 will lay the groundwork for what the protocol will look like in the future. In essence, Ethereum 2.0 will advance the core model of the protocol through sharding, which, to paraphrase his words, sharding is like creating a blockchain with a hundred different universes with different account spaces in each universe. But these universes are not just separate blockchains, according to Vitalik, they are systems that are interconnected with one another, which also share consensus. Sharding is also seen to provide quadratic scalability. Note that, the shards will create new address space and will not be affecting existing address space which gives us a unique opportunity to make many important (but backward incompatible!) changes to the protocol, stressed Vitalik. So, claimed Vitalik, in order to break one of these shards, you have to break the whole thing. Apart from this, Continue reading >>

Part One Of Ethereum's Sharding Roadmap Is Nearly Done

Part One Of Ethereum's Sharding Roadmap Is Nearly Done

Part One of Ethereum's Sharding Roadmap Is Nearly Done Jan 26, 2018 at 17:10 UTC|UpdatedJan 27, 2018 at 02:39 UTC Ethereum is getting closer to deploying new technology that would allow the network to scale, its founder said. "It seems like part one of phase one is getting something like being already done," Vitalik Buterin said in a developer meeting. The technology, known as sharding,attempts to split the ethereum blockchain's data into more manageable parts. Pointing to an initial spec posted on Github, Buterin said: "It's theoretically a good spec of what minimal sharding is going to look like." Ethereum is under pressure to keep up with the rising popularity of the platform, which has led to slower transaction times and high processing fees. The congestion has already led some token-based projects to build atop other blockchains such as Stellar . Buterin went to state that the next phase of the four-stage scaling proposal will be completed in "a month and a bit," adding that development work will likely circulate on stateless clients, a type of ethereum software that does not need to process the complete history of the platform. "Then from there we're going to try and shard it into a working test, a kind of test network," the ethereum founder said. In the meeting, Buterin also reflected on Casper, ethereum's new consensus protocol that is currently in testing. As detailed by CoinDesk , the test network has been derailed by issues with the software it deploys. However, Buterin said that in spite of hiccups, the core of the project is sound, or as he put it: "the Casper aspect of Casper... is totally successful." Still, with the code yet to be adapted for use across different ethereum software clients, he acknowledged: "That's on a bit of a back burner for now." The Continue reading >>

Ethereum's Big Switch: The New Roadmap To Proof-of-stake - Coindesk

Ethereum's Big Switch: The New Roadmap To Proof-of-stake - Coindesk

Ethereum's Big Switch: The New Roadmap to Proof-of-Stake After years of development, ethereum has a new planto update the algorithm that keeps its entire network in sync. Vitalik Buterin, ethereum's creator , recently released a rough implementation guide that reveals the network's developers will first start with a 'hybrid' system that merges bitcoin-style proof-of-work mining with itsmuch-anticipated and still-experimental proof-of-stake system called Casper, created by Buterin. The planeffectively meansethereum will begin alternating between the two systems, so that some transaction blocks (one out of 100) are secured viaproof-of-stake and the rest remain on proof-of-work. Buterin has notably been working on his implementationin parallel with ethereum developer Vlad Zamfir, "cross-pollinating" their ideas. According toKarl Floersch, blockchain engineer for ethereum startup ConsenSysand a coder working with Buterin on Casper's development, the result is that the network is choosing the more conservative of two potential paths forward. "What Vitalik has come up with is a get-it-out-the-door, working version, that works, but might be less theoretically revolutionary than Vlad's." Because Buterin's implementation of Casper can, he thinks, get to production faster, it will be used in the first stage of ethereum's evolution. If implemented, this would be the first time proof-of-stake would be employed on the live ethereum platform, albeit playing a minor role. It also would a largereal-world test of proof-of-stake, enabling the cryptocurrency community to determine whether the proof algorithm is asuperior one, as proponents have argued. To advocates, the goal of this potentially revolutionary change to proof-of-stake is to reduce the electricityethereum requires to reacha Continue reading >>

Vitalik Lays Out Ethereum 2.0 Roadmap In Taiwan

Vitalik Lays Out Ethereum 2.0 Roadmap In Taiwan

Vitalik Lays Out Ethereum 2.0 Roadmap In Taiwan The future of Ethereum, according to co-founder Vitalik Buterin Vitalik Buterin , co-founder of Ethereum , has laid out the future plan of the Blockchain technology-based platform at a conference in Taipei, dealing with some of the biggest problems in Ethereum and suggesting how the future might shape up. Having already provided a substantial amount of information, the new update from Buterin gives more specific details. The statement from Buterin began with a sort of tongue-in-cheek commentary on the many Ethereum replacements that have come on the market in recent months. According to the young computer scientist: The Ethereum killer is Ethereum, the Ethereum of China is Ethereum, the Ethereum of Taiwan is Ethereum 2.0. Buterin continued by describing the four areas where he sees a need for improvement on the current Ethereum platform. These were privacy, consensus safety, smart contract safety and scalability. For each of the first three, the Ethereum co-founder sees a solution that is actively developing. In the area of privacy, the Byzantium hard fork has created the ability for zk-SNARKs, a solution that Vitalik sees as a viable one with continued implementation. For consensus safety, the recent development, nicknamed Casper, should bring solutions, and for smart contract safety, Viper and formal verification can produce real solutions. However, the problem of scaling is substantial. Vitalik explained that decentralization, scalability and security are a complex trifecta that can present major challenges in the future. While its relatively easy to have any two of the three creating a system where all three are functional has proven difficult. Scalability on the Ethereum, according to Buterin needs to be thousands of Continue reading >>

'a Modest Proposal': Vitalik Unveils Multi-year Vision For Ethereum - Coindesk

'a Modest Proposal': Vitalik Unveils Multi-year Vision For Ethereum - Coindesk

'A Modest Proposal': Vitalik Unveils Multi-Year Vision for Ethereum What do you do after you've created a multibillion-dollar cryptocurrency? A skinny, 23-year-old hacker in a green "Doge" t-shirt gave us an answer today. At ethereum's flagship conference, Devcon , project creator Vitalik Buterin revealed he has been quietly working on a new long-term plan for the future of the blockchain network. What he called a "modest proposal," is perhaps better described as a three-to-four-year roadmap for ethereum's technical development. Notably at the heart of the vision is a long-in-the-making technical change to ethereum called "sharding," and while always expected to be included in the protocol's plans, today Buterin proposed what might be his most solidified strategy for the technique to date. As such, the roadmap hints at problems yet to be solved on the platform, and puts the emphasis on scalability for project developers. As ethereum nodes need to store everything that ever happened on the network, Buterin stressed that there's a need for solutions that mitigate expensive storage costs that could escalate exponentially as the system expands. It's a topic that's long been top-of-mind for the developer, as Buterin recently released new research into alleviating this problem . Still, the talk was evidence of his emphasis on finding solutions, and of his efforts to galvanize ethereum developers more broadly to be thinking about the effort. "The amount of activity on the blockchain is orders of magnitude larger than it was just a couple of years ago," he said, pointing to daily transaction rates and the more than 20,000 nodes now part of the network. With this, he suggested ethereum is running up against its limits. "Scalability is probably problem number one [...] Theres a Continue reading >>

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