More than 359 projects are built on the Ethereum protocol, and the central bank will also "start"?
What is Ethereum? Ethereum is a new and open blockchain platform that allows anyone to build and use decentralized applications that run on blockchain technology.
Like Bitcoin, Ethereum is not controlled or owned by anyone, it is an open source project created by many people around the world. Unlike the Bitcoin protocol, Ethereum is designed to be flexible and adaptable.
Of course, Ethereum has been questioned a lot. Some time ago, even many people claimed to have lost their belief in Ethereum, but the meaning of Ethereum as a blockchain 2.0 cannot be easily vetoed, nor can it be easily achieved. collapsed. Although it has been surviving in doubt, the number of projects established on the Ethereum protocol can still prove the weight and significance of Ethereum in everyone's mind.
Just recently, investor Adam Cochran shared a list on Twitter, showing that in addition to the Ethereum Foundation and ConSensys, there are more than 359 projects built on the Ethereum protocol.
Project creators also include a large number of multinational companies such as Nike, Barclays, TD Ameritrade, FedEx, Microsoft, Intel, Amazon, American Express, Samsung, McDonald's and many more. This is further evidence of the importance Ethereum is receiving around the world.
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Ethereum 2.0 client test network tends to be stable
According to related reports, the Ethereum 2.0 client testnet has been online for several weeks, with 22,000 validators running. reached a more stable stage.
Of course, there are many Ethereum 2.0 client testnets, but the most popular one is the client released by Prysmatic Labs developer Raul Jordan on January 9, which he called the largest Ethereum 2.0 testnet.
Prysmatic is currently the most vocal and most accessible of all testnets. Preston van Loon, developer of Prysmatic, said:
"On the world's first ETH 2.0 testnet, over 22,000 active validators are almost 100% involved. Those are 22,000 validation keys. There may be 5 to 10 individual operators. Maybe more, but It's hard to tell who controls the keys and who's just an observer."
A test network that has only been online for 4 days has reached 70 nodes. This is a remarkable thing and a considerable achievement. This also shows from the side that the Ethereum community has a strong interest in Ethereum 2.0.
The release of Ethereum 2.0 involves quite a lot of opportunities, so people are very concerned about its trends and actively participate in it.
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Australia's Central Bank "Looks Like" Ethereum
Since the blockchain became popular, the central banks of various countries are also eager to move. For fear of falling behind, more and more countries have begun to develop central bank digital currencies, hoping to establish a working system that can alleviate the impact of Facebook's Libra. However, Australia, where the wildfires have not been extinguished recently and the floods have hit again, has not been affected by the disaster and is actively promoting the development of the central bank's digital currency.
According to foreign media reports, the Reserve Bank of Australia (RBA) recently revealed that it simulated the use of a central bank digital currency (CBDC) test in a wholesale payment system based on the Ethereum network to see if the clearing system for customer payments between banks can Runs on a permissioned Ethereum-based network.
Recently, the Reserve Bank of Australia revealed that it has decided to simulate the use of CBDC in the wholesale payment system. With the central banks of China, Sweden, Turkey and many other countries developing their CBDCs, the RBA certainly does not want to be left behind by the times and has released the news that they are also conducting experiments to understand how CBDCs will affect modern payment settlement systems.
In short, the bank wanted to understand what would happen if the CBDC were offered to commercial banks, who would provide their exchange settlement account balances.
In this case, the bank can exchange tokens and be able to fulfill various obligations, and of course there is the possibility of redeeming them through the central bank. If the system can be proven to work, it could potentially secure the bank's role in a cashless society in the future.
So far, the bank still seems unconvinced that a CBDC is actually needed in the settlement system. However, if they are to be used, they will bring certain advantages and possibly certain dangers. In summary, if a central bank digital currency is to be wildly successful, it could lead to fundamental changes in the structure of the financial system.
This time, the Central Bank of Australia chose to simulate the use of CBDC in the wholesale payment system in Ethereum, which also gave affirmation and support to the Ethereum network. After all, the central bank is a national institution and can simulate on the Ethereum network. Ethereum is indeed a small step forward.
According to reports, Joseph Lubin, the co-founder of Ethereum, said in an interview with Forbes earlier that he hopes that China’s central bank digital currency (CBDC) can achieve interoperability with public chains including Ethereum. Additionally, he would like to see more Chinese participation in the Ethereum ecosystem.
Of course, Mu Changchun, director of the Central Bank's Digital Currency Research Institute, also pointed out whether the central bank's digital currency (DC/EP) adopts blockchain technology. technical route."
But the RBA’s embrace of ethereum may have started the spark for interoperability between central banks and a host of public permissionless ecosystems.
So whether Ethereum can become the first choice of the central bank in the future, and whether it can achieve more interoperability with the central banks of various countries, it is not yet possible to draw a conclusion, but everything is difficult at the beginning, and I believe that Ethereum can realize more ambitions in the future.
