Challenges facing Ethereum and its infrastructure

特邀专栏作者

2020-06-11 17:44 (UTC+8)

This article is about 1017 words, reading the full article takes about 2 minutes

This article describes applications built on Ethereum and highlights the challenges of building Ethereum infrastructure.

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This article describes applications built on Ethereum and highlights the challenges of building Ethereum infrastructure.

Editor's Note: This article comes fromFirst class warehouse blockchain research institute (ID: first_vip1), reprinted by Odaily with authorization.

First class warehouse blockchain research institute (ID: first_vip1)

, reprinted by Odaily with authorization.

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The concept of Ethereum

Ethereum is a computer network that operates as a decentralized platform that does not require any computing power. It provides a platform for Ethereum developers to write code and create globally accessible dApps (decentralized applications). Simply put, it is a distributed public chain network and is the second largest cryptocurrency after Bitcoin.

With the increasing demand for learning the Ethereum platform, various online courses and training certification courses have emerged on the Internet to help you become an Ethereum expert.

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Head application based on Ethereum

GitCoin is an Ethereum-based platform that pays developers for open source software such as Python, Java, and HTML.

KYC-Chain supports companies to verify customer identities and manage the entire customer lifecycle.

Vevue monetizes various forms of business, thus providing users with unlimited opportunities to earn money. With this platform, people can make requests for videos, encouraging them to share short videos to make money.

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Although Ethereum is full of potential applications, its infrastructure design has its own limitations. In addition to the issues mentioned below, scalability, flexibility, block time, and parity are also issues that must be faced when building the Ethereum infrastructure.

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Just like the Bitcoin network is experiencing congestion, Ethereum is no exception. Wallet initialization is the biggest problem, because if a contract-created transaction starts to backlog, but the user starts sending another transaction at the same time, then Ethereum cannot trigger the appropriate contract event.