Vitalik Buterin Says Ethereum's 1000x Capacity Upgrade Is Coming Soon
January 16, 2019 2:00 PM Ethereum 2.0 is coming soon, and it could increase by a thousandfold the Ethereum network?s capacity to process transactions. That was the message Vitalik Buterin, the cofounder of Ethereum who more than anyone else represents in the mind of the public the world?s second-largest blockchain, shared with an audience in Prague this week. Now called Serenity, the upgrade formerly known as Ethereum 2.0 promises to make the network faster, more secure, less energy-intensive, and capable of handling thousands of transactions per second. Serenity, said Buterin, is ?the world computer as it?s really meant to be, and not a smartphone from 1999 that can process only 20 transactions a second.?
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Ethereum Will Eventually be Able to Process One Million Transactions Per Second According to Vitalik Buterin
January 16, 2019 1:59 PM In a recent OmiseGO AMA session, Ethereum founder Vitalik Buterin announced that soon the Ethereum network would be able to process one million transactions per second, with Sharding and Plasma technology playing a vital role. This advancement in the scalability issues of blockchain based technologies has been something which Buterin has long discussed. Whilst these decentralised networks have the potential to become a part of the everyday world, they are limited by the capacity of transactions per second. The Ethereum blockchain at the moment can ?processes around 15 transactions per second? Buterin stated in the conversation. Whilst this is far more advanced than the capability of Bitcoin, for example, the capability of Ethereum is far smaller than ?PayPal, VISA and the major stock exchanges which go up to about 80,000 transactions per second? according to Buterin.
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blockchain - PoA Clique Ethereum Block Gas Limit relevance - Stack Overflow
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Ethereum Introduction ethereum/wiki Wiki GitHub
January 16, 2019 1:59 PM GitHub is home to over 28 million developers working together to host and review code, manage projects, and build software together. Ethereum is a decentralized, self-contained economy for transactional computation and related data. ?Danny Ryan Note that due to the lightning-fast pace of development in the Ethereum space with core development and dapps continually being launched, certain parts of this article may be outdated. You can help by keeping it up to date! For an introduction to blockchains, see this TED talk. Ethereum is a decentralized, self-contained economy for transactional computation and related data. ?https://medium.com/@djrtwo/ethereum-in-a-sentence-ba2db11c6bec
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Ethereum Transaction Speed Per Second Pushed Towards 17,000 By Researchers | Tokenleak | Crypto & Blockchain News | Bitcoin, Ethereum & More
January 16, 2019 1:59 PM Following claims by creator Vitalik Buterin that the Ethereum transaction speed could be raised to 500 per second (Tx/s) using technology employed by the cryptocurrency Zcash, researchers have gone one further and implied that 17,000 Tx/s would theoretically be achievable with a similar SNARK-based concept. In September, Vitalik Buterin proposed that he could bring the Ethereum transaction speed from its current rate of around 12 Tx/s to up a much more commanding 500 Tx/s using the zero-knowledge SNARK proofs that power the Zcash blockchain. Zero-knowledge SNARK proofs have the potential to facilitate huge numbers of transactions away from the main blockchain. Essentially they give special nodes the power to validate bundles of transactions and add them to the main blockchain without having to interact with all the other nodes on the network to gain consensus. The theory covers similar ground to the existing scaling solution Plasma which, whilst still in the relatively early stages of its development, is hoped will improve the Ethereum transaction speed exponentially.
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Five key Myths about EOS next Ethereum killer Hacker Noon
January 16, 2019 1:58 PM If you interested in Mythology, please, skip this article and read my favorite stories: But if you are a technical person interested in EOS, you can continue with the current article. Market Cap: 700 000 BTC vs. 3 000 000 BTC Transaction per day: 600 000 vs. 400 000 -600 000 But a lot of EOS transactions have not transfer type (promote, buy resources, new account, etc.) Accounts with non zero balance: ~ 15 400 000 (?) vs. 310 000 (as all EOS accounts are not free) Nodes: 18 000 vs. 21(total 400 for standby) We can see that Ethereum still the king for DApp world but EOS is going ahead. We will follow five simple myths about EOS:
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Ethereum one step closer to 1 million transactions per second | Chepicap
January 16, 2019 1:58 PM You will be logged out and redirected to the homepage Thank you for signing up! After confirming via email you can immediately use your account and comment on the Chepicap news items! Have fun! Raiden Network announced on Twitter that Red Eyes, the first version of the Raiden Network, a protocol for scaling token transfers on Ethereum, has been successfully deployed on the Ethereum mainnet. We are excited to announce that the alpha testing release ?Red Eyes? of the Raiden Network is now live on the Ethereum mainnet! https://t.co/iJnAMn68Hp The main goal of the Red Eyes release is to test the smart contracts and core protocol on the mainnet. The Raiden Network team has as well published a bug bounty specifically for this release.
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LindaX: Ethereum Predecessor launches PoA Protocol to Deploy Over 180 Transactions per second -
January 16, 2019 1:57 PM News and Resources For The HODLER In You The token development platform enables utility token creation by tapping into the flaws of Ethereum with a faster and more secure Blockchain based on the PoA Protocol. While modern enterprises and corporation around the world have the greatest interest in Blockchains, with ICO?s managing to raise more the $5.6 billion all through 2017; around 52% proved to be unsuccessful due to factors like weak business models, improper tokenomics, or unrealistic goals. Ethereum has limitations that do not allow entrepreneurs or developers with the opportunity to reap the benefits of a fully decentralized network.
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Raiden Network - Ethereum's Path to 1 million Transactions per Second Steemit Steemit logo
January 16, 2019 1:57 PM Ethereum's solution to scaling is worth mentioning since I do cover EOS a great deal. Ethereum is developing the Raiden Network. To understand the Raiden Network, it is easiest to just understand the Lightning Network. The Raiden Network is a system of payment channels between established, regular payment arrangements. Using encryption and the methodology of the lightning network idea, two parties can create a payment channel to handle their peer to peer transaction off-chain. This off-chain arrangement reduces fees, and reconciliation to the blockchain can occur afterward or periodically through their agreed arrangement.
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Vitalik Buterin: Ethereum Scalable to Millions of Transactions Per Second | U
January 16, 2019 1:56 PM Vitalik Buterin, the founder of Ethereum, revealed that Ethereum?s network will eventually process more than one million transactions per second, and has the potential to process 100 million transactions per second, in an OmiseGO AMA session online yesterday. Vitalik explained that topping the first layer solution ? sharding ? with a second layer called Plasma will enable Ethereum?s network to overcome scalability issues for the diversity of use cases required in almost all applications. Buterin emphasized that using a two-layer solution will also result in latency reduction which is essential for adoption.
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Vitalik Buterin: Ethereum can easily scale up to 500 transactions per second | Coinfox
January 16, 2019 1:56 PM Co-founder of Ethereum Vitalik Buterin found a way to increase the speed of transactions in the system by 3200% without using second-level solutions, such as Plasma. Vitalik Buterin published an article on the Ethereum Foundation website in which he suggested that Zk-Snarks technology, used primarily by the anonymous cryptocurrency Zcash, may help to scale Ethereum. This technology allows relay nodes to check the correctness of the computations without performing them and to find out what was done. The key advantage of Zk-Snarks technology is that relay nodes can group transactions and then publish Zk-Snark, proving their reliability, which allows to significantly compress the amount of data stored in the blockchain, while keeping all transactions.
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Ethereum (ETH) Latest Update: Ethereum Aims to Process 1M Transactions per Second through the Raiden Network ETH News Today ETH/Price Today
January 16, 2019 1:56 PM The blockchain industry and digital currency space have seen the emergence of fascinating innovations over the years. The competition in the industry is getting stronger and only the strongest could survive in this condition. Ethereum (ETH) is now the third largest digital currency in the world by market cap. Ethereum is one of the most popular and used blockchain projects in the blockchain space. The blockchain project has seen great competition from the likes of EOS, Tron, Stellar Lumens, and more. Ethereum provides a platform for developers to build and deploy decentralized applications. Over the past years, more platforms have emerged with similar features and better experiences. Since then, Ethereum has been looking for ways to improve its platform to retain its relevance in the blockchain space.
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This is How Zcash Could Help Scale Ethereum Up To 500 Transactions Per Second - Coin Diary
January 16, 2019 1:55 PM Welcome, Login to your account. A password will be e-mailed to you. Publisher - Latest Crypto News. Scalability problems plague Ethereum (ETH). Often, the Ethereum blockchain is clogged and slow, hardly a surprise given that there are many projects exist on the Ethereum blockchain though. There could be a new solution within some new practices that have been pioneered within the Zcash network, according to the words of Vitalik Buterin co-founder of Ethereum: ?A form of cryptography pioneered by zcash might help scale ethereum, founder of the platform Vitalik Buterin said on a research forum Saturday. Named zk-snarks, Buterin said, by using the tech, ethereum can potentially scale ?by a huge amount? up to 500 transactions per second, without relying on layer-two scaling solutions.?
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Ethereum Price Analysis: ETH/USD Rollercoaster Continues; Ethereum Expecting to Facilitate 1 Million Transactions Per Second | Hacked: Hacking Finance
January 16, 2019 1:55 PM ETH/USD has been through very volatile times over the past few days of trading. The pace of a bull run between 16th ? 24th December initially looked promising. Expectations here were for a full-on recovery from the bear market seen throughout 2018. However, bulls lost momentum to the upside and the price began to cool after the 24th. During afternoon trading on Friday 28th, a very unexpected surge saw ETH/USD and the rest of the market rocketing higher. Ethereum is aiming to be a leader with their blockchain network, with the scope of being able to facilitate 1 million transactions per second. Above all, the blockchain project which will be helping Ethereum work towards this goal is Raiden Network (RDN).
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How Zcash Could Help Scale Ethereum Up To 500 Transactions Per Second - Crypto Daily
January 16, 2019 1:55 PM As a key writer for Crypto Daily, Nathan?s role entails the creation of cutting edge news articles, reviews, press releases and general content creation. Nathan?s stories strive to include the most up-to-date cryptocurrency news and affairs, contributing to Crypto Daily?s growing network. Nathans previous experience as a researcher ... More people than ever used cryptocurrencies in 2018, and at BitStarz, Bitcoin, Ethereum, Dogecoin, Bitcoin Cash and Litecoin wagering went through the roof! One player won $206,551 on a single Book of Aztec spin. Maybe not enough to make Satoshi Nakamoto jealous, but nevertheless a super win!
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Raiden Network Goes Live on Ethereum Making 1 Million Transactions per Second a Reality | CoinSpeaker
January 16, 2019 1:55 PM Ethereum is the most popular and widely used blockchain project. The recent development of their Raiden Network will make ETH rank way ahead of its closest competitors. The cryptocurrency markets are still getting a beating as 2018 ends with the bears still roaring. Amidst all the noise, markets keep projecting growth and progress in 2019 as community remains uncertain about the market swings. However, the blockchain industry keeps continuously evolving with new innovations and developments in technology and software fronts. Ethereum , the third-largest cryptocurrency, has in the recent weeks faced criticism from its community because of its performance graph. The community may soon rejoice in the news that the crypto could soon process one million transactions every second. The project has been in the pipeline since early this year. We reported back in July when the Final Test Network Launched for Ethereum Payments Channel Raiden.
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Ethereum Blockchain Looks to Scale Past 50,000 Transactions Per Second Without Network Problems
January 16, 2019 1:55 PM Ethereum (ETH) is one of the most known cryptocurrencies and blockchain networks in the world. It has allowed several companies and projects to launch their own Initial Coin Offerings (ICOs) and create their tokens. However, Ethereum has a problem that it needs to solve: limited transactions per second. During the last bull market, when the number of transactions on the network skyrocketed, Ethereum blockchain experienced delays and high fees for processing small transactions. However, developers behind the popular blockchain network are working with the intention of solving this issue. Two of the solutions are known as Sharding and Plasma. Sharding is an important concept that derived from traditional databases. The intention is to divide the data into different pieces that can be stored in different servers.
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If 1000 DApps on Ethereum Need to do 1 Transaction per Second, What Happens
January 16, 2019 1:55 PM Ethereum can handle roughly 13 transactions per second; half that or less for smart contract transactions. We?ll use 10 transactions per second for this article which represents a nice mix of regular transactions and smart contract usage (and it makes the maths easier). Now keep in mind this is a shared network, so the entire world shares this transaction rate. What?s a Dapp? A Decentralized Application. You can deploy code to a blockchain which will run when someone sends a transaction to it. This functionality is what makes Ethereum so special. If there are only 10 apps on the entire Ethereum blockchain and those apps all did 1 transaction per second or less, then everything would be fine and dandy. Ethereum can handle this and we?re all good. But the reality is there are a lot more apps and popular apps need a lot more than 1 transaction per second. Facebook would need 16,203 transactions per second (1.4B daily active users / 86,400 seconds in a day) and that?s if each user only did one thing per day on Facebook. Most users do more than one thing.
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Scaling Ethereum to Billions of Users Fred Ehrsam Medium
January 16, 2019 1:55 PM Tokens are selling at valuations which imply they?ll have millions of users. But can the blockchain support it? If not, how far away are we? There are two requirements to building scaled dApps: 2. Scalability of these components. I think this will be the main limiting factor and what will be discussed in this post. Let?s do the math on running something like Facebook. Facebook handles about 175k requests per second (900k users on the site in any given minute, assume an action is taken every 5 seconds). And this probably doesn?t include API requests, which are a better analogue and probably 3?4x higher.
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