Can these 5 major events of Ethereum before the end of the year bring big surprises?
Editor's Note: This article comes fromVernacular Blockchain (ID: hellobtc), Author: Five Fireball Leader, reprinted by Odaily with authorization.
Editor's Note: This article comes from
Vernacular Blockchain (ID: hellobtc)
Vernacular Blockchain (ID: hellobtc)；
, Author: Five Fireball Leader, reprinted by Odaily with authorization.
The shortest interval in the history of Binance’s new launch, the previous one has just ended, and the new one will follow;DfinityAce Pigeon Filecoin is finally online
ZEC will cut production for the first time next month;
legendary
Not surprisingly, it will be online at the end of the year......
However, in the competition for endurance, it is still the leader in the public chain world-ETH, and the things that ETH can focus on have never been interrupted, and it has to be admitted that the most high-end "scientific research" power in the entire circle basically focuses on ETH. superior.Here are a few developments you should know about ETH, at least before the end of the year.secondary title
ETH trust through
October 12,
(Grayscale) The previous registration application submitted by the US Securities and Exchange Commission (SEC) has been approved, and Grayscale's Ethereum Trust is the first digital currency investment vehicle to obtain the status of a reporting company except Grayscale Bitcoin Trust.
To put it simply, ETH has become the second digital currency that allows institutions and retail investors to buy and hold in a "very compliant" form after Bitcoin. There is no doubt about the great benefits.
However, this is only approved after all, and there is no real money to buy, so the impact on the market and currency prices may not be as great as you think. But in the medium and long term, it is undoubtedly a "reassurance" for all ETH investors.
However, it is worth noting that in the documents submitted by Grayscale to the U.S. Securities and Exchange Commission (SEC) regarding its Ethereum Trust, it is mentioned that there are potential risks in the transition from ETH 1.0 to ETH 2.0, which may affect the price of Ethereum and Grayscale stock. have significant adverse effects. Failure to properly implement transitional changes in Ethereum could result in temporary or permanent forks, which could have negative consequences.ETH2.0secondary title
How far is 2.0 from us?
If Polkadot, Dfinity, and Filecoin can be called the three ace pigeons.
plus
Then you can make up the four kings of ace pigeons.
It is almost certain that ETH2.0 is much later than planned, or much later than you think.
Each stage is half a year late, and the four stages add up to two years late. It is not wrong to call him an ace pigeon at that time.
So how long is Phase 0?
The current progress, the Spadina test network is over, the effect is not particularly satisfactory, and some problems have occurred, so a Zinken rehearsal test network before the creation of the main network has been arranged. within a week."RollupHehe, hopeful, and let me tell you, December will be in 6 weeks, and Christmas will come soon in December. If the world is alive... please look forward to 2021.
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Centered on Rollup
V God personally let go of the word this month-Ethereum will use
as a center! In the short term, the Eth1 Rollups plan will be mainly promoted. In the long run, the future of ETH2.0 will be reimagined centered on rollups.
In fact, if you are familiar with the definition of Rollup and ETH2.0 sharding, you will find that, by definition, sharding itself is a kind of Rollup, because they are actually very similar.
Rollup - all transaction data is submitted to the chain; Sharding - shard block data is centralized to the data availability layer.
Rollup - the state root is committed to the chain; Sharding - the shard committee provides attestation for the shard state root included in the beacon chain block.
Rollup - the state root is assumed to be valid; Sharding - the attestation of the shard committee is assumed to be valid.
Rollup - some nodes are responsible for verifying the state transition of the ORU; Sharding - some nodes are responsible for verifying the state transition of the ORU.
In addition to Loopring, who V God often likes recently, the Rollup family has made rapid progress. iden3 launched a network expansion based on the concept of ZK Rollup, Hermez released a white paper, Matter Labs provided a zkSync expansion solution for Curve, Synthetix is using the Optimistic Rollup test network, and the next version of Uniswap will definitely bring Layer 2, either Zk-Rollup or Optimistic Rollup, Anyway, Rollup...
EIP1559
The star project Graph is introducing the state channel into the main network. Well, this is not Rollup, but it is also Layer 2; Binance’s new project Injective Protocol is the first layer-2 decentralized transaction protocol in the industry. For decentralized cross-chain derivatives transactions.You will find that the current composability of DeFi is falling apart. When projects such as Maker, Compound, and Lend are also on their respective Layer 2, the difficulty of combination may become even more difficult for a period of time.
In my personal opinion, it is good for Layer2 and bad for Smart Pool and other DeFi projects that strongly rely on ETH composability.
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This proposal has also been introduced in vernacular articles before.
, may be the most important and attention-grabbing proposal on ETH in the past 1 or 2 years, because although the rules of this proposal are relatively simple, it will bring major changes to users, miners and wallet providers, and even change the overall Affects the security of Ethereum.
The specific content of the agreement is simply:
1. All transactions should pay the same rate as possible to improve user experience.
3. Through the setting of the basic transaction fee (BASEFEE) and tip (TIPS), and the BASEFEE is destroyed, the tip is given to the miner. This makes ETH may even enter a deflationary mode under certain circumstances. (If the destroyed Basefee exceeds the additional issuance of PoS)
4. Prevent economic abstraction problems - theoretically users can use any token to pay miners through meta transactions.
The development team’s conference call on EIP1559 just ended last week, discussing consensus bugs; interpreting the previous old transaction simulation as a 1559-type transaction; DOS problems; how to integrate with EIP2718 (an EIP proposal that introduces typed transactions) ; The current POA test network and the PoW test network to be established in the future...
All in all, the implementation of this proposal is a relatively complicated system engineering, and it feels like it will have to wait until at least next year...
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Liquid ETH instead of ETH?
Recently, a CEO specializing in staking said that the final result of Ethereum's shift from the proof-of-work mechanism (PoW) to the proof-of-stake mechanism (PoS) is that the pledged version of ETH tokens will replace ETH itself in the future. His reasons are as follows - "Investors prefer to hold the pledged version rather than the original real asset. The pledged version of ETH token can perform all the functions of ETH, and is also more valuable than ETH, because the pledged version can obtain considerable rewards And do other activities at the same time, for example, can be used as collateral for Compound or provided to Uniswap liquidity pool".
Regarding the pledge business of ETH2.0, it will be a big market. There are many projects focusing on this area. Just know that there are Rocket Protocol, Blox, ANKR and other blockchain projects that provide this service.
