The State of Scaling Ethereum   ConsenSys Media The State of Scaling Ethereum ConsenSys Media
A concise overview of the challenges and solutions to scaling the Ethereum Network Ethereum developers have long known that scaling the network is a subject worth discussion and investment. The matter did not quite spill out from the developer community, however, until late 2017, when a decentralized application (dApp) named CryptoKitties attracted so much traffic it began slowing down the network. On top of network latency, the price of gas the fee required to run each operation within a contract on the Ethereum blockchain soared as users competed for their transactions to be validated. Though the story is now over-reported and exhausted, the CryptoKitties situation revealed that Ethereum in its current state may not be prepared for the amount of traffic that would accompany the launch of a successful dApp. Slow speeds and volatile usage-costs drive people away from platforms and applications. DApp developers are charging ahead to release the first widely-adopted application, so Ethereum developers must continue working to scale the blockchain. This item was retrieved by us on 2019-01-16 14:03:03. Share this content on social media: Related crypto assets include ETH. Browse media.consensys.net to find more similar content.   Log In to Comment

Welcome to the Fourth Industrial Revolution   19 Blockchain Predictions for 2019 -- Andrew Keys Welcome to the Fourth Industrial Revolution 19 Blockchain Predictions for 2019 -- Andrew Keys
ConsenSyss Andrew Keys delivers his annual take on what the year ahead holds for blockchain, Ethereum, and decentralization. From the steam engine to silicon chips, innovation has compelled society forward. We've seen three industrial revolutions turn farms into factories, steel into skyscrapers, and computer networks into a connected world. But with each revolution newly created wealth has consolidated with the few and fewer. As Klaus Schwab, founder of the World Economic Forum, explains of our late capitalist state: The largest beneficiaries of innovation tend to be the providers of intellectual and physical capital the innovators, shareholders, and investors which explains the rising gap in wealth between those dependent on capital versus labor. This publication was retrieved by us on 2019-01-13 05:19:25. Share this content on social media: Mentioned cryptocurrencies include ION. See media.consensys.net for complete listings from this source.   Log In to Comment

The Constantinople Hard Fork: What You Need to Know The Constantinople Hard Fork: What You Need to Know
Constantinople is the name of Ethereums next hard fork system upgrade. It is part of the multi-step journey towards Serenity, which implements revolutionary protocols such as Proof of Stake. On December 6th, 2018, the Ethereum core developers voted to proceed with Constantinople, which will be implemented at block 7,080,000. With an average block time of ~14.5 seconds, that puts the estimated date of the Constantinople hard fork at January 16th, 2019. But doesn't a hard fork mean a currency split Not necessarily. One of the most highly publicized hard forks in Ethereum's history was the hard fork that occurred after the DAO hack and restored the stolen ETH to the original owners. Because that hard fork was unplanned and contentious, the community split between those who supported the restoration of funds (Ethereum) and those who rejected it on grounds of immutability (Ethereum Classic). Uncontentious hard forks, however, have happened in Ethereum's history to implement upgrades without currency splits, including Homestead and Byzantium. Because the Ethereum community at large expects and supports the Constantinople hard fork, the token consequences as seen in the ETH/ETC hard fork are not expected. This entry was retrieved by us on 2019-01-11 17:42:48. Share this content on social media: Mentioned assets KNOW. Have a look at media.consensys.net for additional posts.   Log In to Comment

The Thirdening: What You Need To Know The Thirdening: What You Need To Know
On December 6th, 2018, the Ethereum core dev team decided to move forward with the Constantinople hard fork. The update will be implemented at the 7,080,000 block, which is estimated to occur on January 16th, 2019. You can read about Constantinople here. Constantinople will implement five Ethereum Improvement Proposals (EIP). One of those proposals is EIP 1234, which includes an adjustment to block rewards. Currently, when a block is successfully mined on the Ethereum blockchain, the miner receives 3 ETH as a reward. After Constantinople, miners will receive 2 ETH per block as a reward. This reduction from 3 ETH to 2 ETH is a reward adjustment of -33%, hence the Thirdening. This posting was obtained by us on 2019-01-10 22:45:10. Share this content on social media: Related assets may include KNOW. Have a look at media.consensys.net for more similar content.   Log In to Comment

Preparing for Crypto Spring   PegaSys Preparing for Crypto Spring PegaSys
PegaSys is the protocol engineering team at ConsenSys. Sign up for the PegaSys newsletter to get the latest updates on Ethereum 2.0. Warren Buffett is the greatest investor of all time, yet his investing philosophy can be boiled down to just a few words: think long term. Kurzweil makes the same case for technological advancement: true innovators think long term. Thinking long term has been one of the keys for PegaSys in a blockchain market full of challenges. As part of the strategy team for PegaSys, I speak constantly to teams building applications on the forefront of blockchain innovation. The excitement is palpable for use cases that are moving to production next year; at the same time, there is the knowledge that this shift will be hard. This publication was first seen by us on 2019-01-10 19:02:21. Share this content on social media: Mentioned assets GAS. Have a look at media.consensys.net for complete listings from this source.   Log In to Comment

The Next Killer App is a Killer Ecosystem The Next Killer App is a Killer Ecosystem
Late last year, ConsenSys founder Joe Lubin took the stage at Devcon4 in Prague to offer his take on the state of the emergent Ethereum ecosystem to an audience of the blockchain industry's most impactful tech developers, entrepreneurs, and policymakers. In what has now been dubbed his Killer Ecosystem address, Lubin discussed the remarkable, multifaceted work being done by Vitalik Buterin and the Ethereum Foundation, the decentralized organization structure of ConsenSys as it prepares for a more lithe ConsenSys 2.0, and what success looks like on both the protocol and application layer for decentralized apps and blockchain-based companies in 2019. This piece was found by us on 2019-01-10 02:47:34. Share this content on social media: Browse media.consensys.net to find more similar content.   Log In to Comment

Insights on breakthroughs, challenges, expectations & goals facing Ethereum and blockchain technology as we roll into 2019. Insights on breakthroughs, challenges, expectations & goals facing Ethereum and blockchain technology as we roll into 2019.
Get insights about the year ahead in blockchain tech via developers, entrepreneurs, and creatives from around the ConsenSys Mesh. As we begin another year in blockchain technologys development towards becoming a foundational pillar of global economies, it's an ideal time to take a look back at learnings from the past 365 days and analyze how the still emerging industry surrounding blockchain tech can better itself going forward. While 2018 was a rollercoaster year for cryptocurrencies, volatility in the markets was outmatched only by expectations in regards to the impact of blockchain tech. But while the media hype cycle has rumbled on as it does, the technologists, developers, entrepreneurs, and professionals around the world who make up the blockchain industry have been achieving the small and steady inroads required for technology like Ethereum to succeed in a sustainable and substantive manner. This data was first found by us on 2019-01-09 00:39:35. Share this content on social media: Related assets may include ETH, ION. Browse media.consensys.net to find more similar content.   Log In to Comment

Are Miners Centralized  A Look into Mining Pools   ConsenSys Media Are Miners Centralized A Look into Mining Pools ConsenSys Media
Read about Alethio's analysis of the (de)centralization of the Ethereum network. A week's worth of data from the Ethereum blockchain provides transparency and insight to mining pools and miners. by Danning Sui, Saulo Ricci and Johannes Pfeffer Ethereum is backed by p2p network architecture, in which each participant is a node. Each node in this distributed network is connected with other nodes [1,2], and all nodes must reach a consensus to maintain the continuity of the blockchain. Some nodes, called miners, invest their computing power in order to confirm the next block to be appended to the blockchain. This data was first seen by us on 2019-01-08 23:08:49. Share this content on social media: Visit media.consensys.net for complete listings from this source.   Log In to Comment

Ecosystem Spotlight: Opera, The Blockchain Ready Browser -- A Q&A about w/ Charles Hamel, Product Manager of Opera Crypto [ConsenSys Media] Ecosystem Spotlight: Opera, The Blockchain Ready Browser -- A Q&A about w/ Charles Hamel, Product Manager of Opera Crypto [ConsenSys Media]
Opera delivers browsers and AI-driven content delivery solutions to over 320 million people worldwide. Initially founded in 1996 in Norway, Opera recently completed its IPO in July 2018 and is officially entering the crypto ecosystem. The Opera browser now offers a native crypto wallet with Ethereum integrations built into the existing browser. Most cryptocurrency wallets today are either plugins, extensions, or separate hardware wallets. Opera's native crypto wallet creates a one-touch process to send and receive cryptoassets as well as explore the decentralized applications of web3. ConsenSys Media sat down with Charles Hamel, Product Manager at Opera Crypto and asked him a few questions about the first mainstream browser to transition to Web3. This data was retrieved by us on 2019-01-08 21:15:06. Share this content on social media: Mentioned assets ERA, READ. Browse media.consensys.net for complete listings from this source.   Log In to Comment

The State of the Ethereum Network   ConsenSys Media The State of the Ethereum Network ConsenSys Media
After months of intense attention on blockchain technology and the Ethereum blockchain, we pull together statistics from across the network to provide a snapshot of Ethereum today, its past, and its roadmap ahead. Blockchain technology and Ethereum in particular has gained international attention and traction since its release in 2015. In particular, late 2017 and early 2018 saw a massive increase in popular attention due to rapid price increases across the entire crypto-asset ecosystem. In two years, the word Ethereum has been included in over 110 million Google searches. The hashtag #ethereum is tweeted, on average, 20,000 times a day. This entry was found by us on 2019-01-08 08:56:45. Share this content on social media: Related assets may include ETH. Browse media.consensys.net for more from this source.   Log In to Comment


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