Ethereum News

  • An article analyzes where is the development direction of ETH Layer2?

    According to the classification of technical principles, ETH Layer2 can be divided into Plasma, Rollups and Sidechains. These solutions have their own advantages and disadvantages in terms of implementation logic, security, scalability, and degree of decentralization. Plasma Plasma was first proposed by Ethereum ‘s core developers Vitalik and Joseph in their paper “Plasma: Scalabe Autonomous Smart Contracts”. Plasma is composed of countless sub-chains constructed by smart contracts and Merkle trees. It transfers transactions to the sub-chains for calculation and storage, and regularly reports the results of status changes to the main chain to handle disputes. Its implementation…

    2021-10-17 Ethereum News
  • What problems might the popularity of Ethereum pledge services bring?

    Too much outsourcing of Ethereum pledge will result in only a few large centralized custodians leading the service, the verifier has little interest in the system, and the motivation for correct verification is low. Original title: “BitMEX Research: Potential Problems Existing in Ethereum Staking Outsourcing” We studied the idea of ​​outsourcing the pledge in the Proof of Stake (PoS) process to a third-party validator, which may decouple the coin holder from the consensus agent. We explained why this service might become popular because it has some attractions for users, such as issuing tokens…

    Ethereum News 2021-10-16
  • Read the major expansion plans of Ethereum in one article

    The current Ethernet Square is a whole monolithic block chain (Monolithic blockchain) : It provides security for themselves, perform their own transactions and maintain their own data availability . However, this traditional type of blockchain, that is, a chain that provides itself with layers of security, execution, and data availability, has inherent limitations because it “does everything” . These limitations will bring higher transaction costs to users. This is because the scarce block space in the execution layer of Ethereum , coupled with the increasing demand for network usage , has caused network congestion and pushed up transaction costs . In other words, a monolithic blockchain can only…

    2021-10-14 Ethereum News
  • Will Sidechains be the best solution for Layer 2?

    Sidechains, Chinese translated into the side chain, is compatible with Ethernet Square virtual machines independent block chain. They use their own consensus model and block parameters to effectively process transactions, which can achieve interoperability with the ETH main network, and can also transplant smart contracts deployed on the ETH main network to the side chain, thereby realizing funds and data Cross-chain transmission. Unlike the Layer 2 solution based on the principle of Rollups, Sidechains is responsible for its security and consensus implementation process. There is no need to regularly report the latest status change…

    2021-10-13 Ethereum News
  • Is it compatible with EVM? This is a problem

    The first is the battle for DeFi liquidity, and then there is a craze for NFTs-are we now in the Cambrian explosion of smart contract platforms? The rising prices of Solana, Cardano , Polkadot , Terra, and Avalanche, as well as the market excitement surrounding the launch of Ethereum’s L2 scalability solutions (such as Arbitrum and Optimism, etc.) support this view. However, as Messari analyst Ryan Watkins pointed out in a recent article on the “Smart Contract Platform Battle”, price does not mean everything. As shown in the figure below, measured by TVL (total lock-up value), the actual activities of these platforms are still…

    2021-10-13 Ethereum News
  • Layer2 has not settled yet: Arbitrum data is bright, ZK system looks to the future

    Recently, Arbitrum on line one of the main network directly promote Ethernet Square to usher in a new high point, the discussion on the Ethernet Square has become very hot, in advance ETH process 1.0 ETH2.0 entered in, Layer2 are directly related to the development of large Ethernet Square The ecology is closely related, and it can be said to be the “sword of justice” to solve the current stubborn problems of Ethereum’s expansion. The layout and exploration of Layer 2 is not a matter of the past two years, but the Rollup system that can…

    2021-10-13 Ethereum News
  • V God attacked: El Salvador’s Bitcoin legislation runs counter to the concept of cryptocurrency

    In response to a netizen’s Reddit post, Ethereum co-founder Vitalik Buterin made critical remarks on El Salvador’s Bitcoin bill. In particular, President Nayib Bukele forced local companies to accept Bitcoin payments. Vitalik Buterin: Co-founder of Ethereum, hereinafter referred to as ” V God “. Nayib Bukele: The current President of El Salvador, the promoter of the Bitcoin Act, hereinafter referred to as President Bukele. Elon Musk : Tesla CEO, “Dogecoin Godfather”, hereinafter referred to as Musk . A Reddit user on the r/cryptocurrency subreddit posted a post: “Unpopular opinion: Mr. Bukler, President of El Salvador, should not be praised…

    2021-10-10
  • NEAR is not an Ethereum killer: it is a collaboration and enhancement of Ethereum

     Nancy: At the beginning of 2021, on the eve of the Spring Festival, Beijing was very cold. My colleagues and I resisted the severe pressure of the epidemic to go north. At that time, we already felt that the entire industry was brewing in huge opportunities, and we “traveled” and saw a lot New and old friends. During this visit, we learned that Dragonfly Capital has made a major investment in NEAR and joined the NEAR validator advisory committee. My colleague and I took a look at each other by appointment,…

    2021-10-10 Ethereum News
  • Layer 2 era: illuminating the way forward for the Play to Earn game

    Dear Bankless community: Did you notice? The shift from attracting and extracting to attracting and rewarding? Centralized institutions create profitable incentives for people to use their products-good user experience, registration bonuses, and better technology. However, once our price regulation falls, the desire for profit will rise. They create barriers to exit, trap users in a walled garden, and then they extract the most value from our wallets. The gaming industry is clustered around the same model, which means it is just another industry that can be disrupted by cryptocurrency. Cryptocurrencies are not…

    2021-10-08 Ethereum News
  • L1+L2 shaping the golden age of Ethereum

    Ethereum is expanding in many ways. Ethereum is like a super city with busy economic activities . It runs around the clock, spans the world, and allows anyone to access it. Unfortunately, Ethereum has always been affected by its own success: due to its high transaction costs, many users have been lost. But don’t worry, the expansion of Ethereum has arrived, and its expansion is not only in the form of L2 (Layer 2) that people often talk about – Ethereum is expanding on many different fronts ! A good analogy is that we can vertically extend Ethernet Square (ie L2s) imagine how a city through…

    2021-10-08
  • Ethereum Bridge: 4 months from USD 8 billion to USD 18 billion

    In June of this year, we checked the events of the Ethereum Bridge. The main highlights include the dominance of Polygon and USDC and the peak growth in May. A lot has happened since then. 4 months later, we re-examined the same parameters to see how much they have changed: The balance held by each chain Deposits and withdrawals on each chain Breakdown of bridge tokens The number of bridge addresses we tracked on the Bridges dashboard is now 62 (36 in June), which connects Ethereum with 19 other base-layer chains and 16 own Layer 2…

    2021-10-08 Ethereum News
  • Explain the alternative scheme of the beacon chain in detail: the final certainty model based on the cumulative committee

    This is an alternative design proposal proposed for the beacon chain. The beacon chain can switch to this model in the far future (instead of the CBC currently planned). It attempts to provide the following key features: Under normal circumstances, provide meaningful economic certainty of a single slot (ie similar to the characteristics of Tendermint) Even if most validators participate in the conspiracy to reorganize a single slot, the cost of execution is much higher than it is now, thereby reducing the consensus-extractable value (CEV) Get rid of the high dependence on…

    Ethereum News 2021-10-08
  • The impossible triangle of Ethereum ecosystem interoperability

    A few days ago, Connext launched NXTP, the underlying protocol, used to achieve completely trustless transmission and contract calls between Ethereum-compatible domains, that is, link different blockchains and second-level/L2 projects. I hope to use this article to explain why it is so difficult to achieve interoperability in the Ethereum ecosystem, and why we believe that NXTP represents the beginning of a true long-term solution for the ecosystem. The need for trustless interoperability Multi-chain/L2 Ethereum has become a reality and will continue to exist. Both the agreement and the application have changed…

    2021-10-04 Ethereum News
  • In-depth understanding of EVM storage mechanism and security issues

    Preface EVM is a lightweight virtual machine. Its original intention is to provide a virtual execution environment that can ignore the compatibility of hardware and operating systems for the Ethereum network to run smart contracts. Simply put, the EVM is a completely independent sandbox, and the code running in the EVM cannot access the network, file system, and other processes, so as to prevent the wrong code from destroying the smart contract or affecting the external environment. On this basis, Know Chuangyu Blockchain Security Lab will take everyone to deeply understand the…

    2021-10-04 Ethereum News
  • Layer2 inventory series: the secret of Arbitrum to stand out

    I believe everyone has heard of Arbitrum . It is an ETH Layer2 project based on Optimistic Rollup technology developed by the Off Chain Labs team. Since its mainnet, Arbitrum One, went live, its TVL has experienced a rapid rise, surpassing $2.2 billion at one time. Not only that, many top projects on the ETH mainnet have also been launched on Arbitrum, such as Sushiswap , 1INCH , Uniswap , Curve, and Balancer, making its DeFi ecosystem increasingly complete. On the official website, the projects supported by Arbitrum are displayed What is Optimistic Rollup? So far, Arbitrum is…

    2021-10-04 Ethereum News
  • Vitalik: Ethereum ERC-4337 proposal “will open the door to creativity in wallet design”

    Vitalik Buterin , who proposed without the need for an Ethernet Square introducing “account abstraction” Subject to change consensus layer protocol; If ERC-4337 is successfully implemented, it will ” open the door to creativity in wallet design ” , such as “multi-signature and social recovery”; The statement did not mention a specific implementation date, but said that its Alpha version will be released soon. Recently, Ethereum founder Vitalik Buterin announced in his blog a new proposal ERC-4337 , which will reshape the way the Ethereum  wallet is designed . If it is successfully realized, it may be the key to realizing the dream of ” account abstraction ”…

    Ethereum News 2021-09-30
  • Read and understand 7676 ETH huge miners’ fees in one article

    On September 27th, according to Etherscan, a major wallet on the Bitfinex exchange made a $100,000 USDT transfer at a Gas fee of 7676.62 ETH , and the final recipient was the non-custodial exchange DeversiFi, which was spun off from Bitfinex in 2019. . This huge miner’s fee was then transferred to the Binance Exchange by unknown miners. On September 28, things came to a happy ending. After Bitfinex and currency security and miners negotiations, Ethernet Square block of 13,307,440 display, the miners returned 7626ETH Gas costs Bitfinex wallet last night misuse pay, DeversiFi to the miners retained…

    2021-09-29
  • Entrepreneur veteran: 3 pieces of advice for blockchain companies to enter the enterprise service market

    On September 28, at the sub-forum at the BSN Global Partner Conference, Da Hongfei, the founder of Distribution Technology, Chen Honggang, the vice president of Zhongxiangbit, Shuai Chu, the founder of Quantum Chain, and Luo Xiao, the founder of Yulian Technology “Markets and Opportunities” launched a round-table discussion on the theme, discussing the market status, opportunities and challenges of industrial blockchain in the enterprise service market. These are the domestic blockchain entrepreneurs veterans with more than 5 years (compared to the history of the blockchain, 5 years are long enough), and…

    Ethereum News 2021-09-29
  • Take you into the Layer 2 network that focuses on DeFi on the four major Ethereum

    For ETH 2.0, Ethernet Square community really waited too long, many projects DeFi looking forward to ” V God ” can be issued as soon as the good news, you can now still no exact timetable. Therefore, in order to solve the urgent need, these projects began to seek Layer 2 network solutions. Why do you need a Layer 2 network solution? In fact, although DeFi, as an emerging financial boom, has aroused strong interest among crypto users, due to the limitations of Ethereum itself, the development of the DeFi industry is actually not satisfactory. For…

    2021-09-29
  • Eth2 progress update (as of 2021/9/24)

    Recommended this week The pledge participation questionnaire is almost over (https://docs.google.com/forms/d/e/1FAIpQLScxNDWegcIIL9ogSL5yhRZgl3_fQclDnMic5wVSRyLfXeohEw/viewform). If the reader is running their own validator node (whether it is running on their own hardware or in the cloud): We hope to receive your pledge running experience. Beacon chain Not only has Lodestar launched on the mainnet, but it is also running very well? Altair upgrade At the core developer conference this week, we gave the green light to the deployment of Altair’s upgrade. As a reminder, Altair introduced changes in the calculation of the synchronization committee and verifier…

    2021-09-27