Odaily Frontline | The two founders discuss the prospect of Ethereum in 2020

This article comes fromDecrypt, original author: Robert Stevens

Odaily Translator |

Summary:

This article comes from

, original author: Robert Stevens

Odaily Translator |

Summary:

- Vitalik Buterin, founder of Ethereum, and Joseph Lubin, co-founder of Ethereum and founder of ConsenSys, took the stage in London to discuss DeFi, sharding and Ethereum 2.0.

- V God said that sharding will start to be deployed this year.

- Lubin on how businesses can get ready for the blockchain.

Vitalik discusses scaling and privacy

Yesterday (March 7), Ethereum co-founder Vitalik Buterin and ConsenSys founder Joseph Lubin discussed the development prospects of Ethereum in 2020 at the ETHLondonUK conference. Mainly include: Ethereum will expand and focus more on privacy, and DeFi will become a space worthy of attention.

Vitalik predicts that a technology called sharding will increase the size of the Ethereum network by "100 times or even hundreds of times." Sharding divides the network into smaller parts called shards, each of which can handle thousands of transactions. The technology is still under development and could be implemented as early as this year. V God said that this number (the number of transactions processed) may increase if people utilize other scalability techniques, such as optimistic rollups ("rolling up" multiple transactions into one).

Vitalik also said that the Ethereum ecosystem will "increase privacy" in the next year. "There is no doubt that people are becoming more and more aware of the need not to publicly link all of their activities," Vitalik said. He also mentioned Tornado Cash, which allows users to conduct private Ethereum transactions.

Note: Tornado Cash creates an indirect solution that allows for private transactions on the Ethereum network, where users can transact without revealing the amount of ETH involved or creating a record of previous transactions. In theory, this makes the use of Ethereum closer to using cash in a bank account, since no one should be able to see where you spend your money.

Regarding the "flash loan" issue that has been making a lot of noise recently, V God believes that more research on decentralized oracles is needed. He further stated that research should be done on "different types of oracle designs" to make them "safer and more decentralized."first level title。

As the founder and operator of ConsenSys, one of the largest developers of enterprise blockchain products, Lubin spoke about the future of business on Ethereum.announcedLubin believes that decentralized finance (DeFi) is "shocking": "Once we solve this problem and make it really work, DeFi will become a huge magnet, attracting global enterprises through new business models or traditional businesses." , and eventually form a decentralized global economy.” DeFi generally refers to products such as loans, investments and insurance, and decentralized exchanges that run on the blockchain. While it's still a small space right now, it's growing: Cryptoassets locked in DeFi last month

Crossed the $1 billion mark