We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Ethereum 2.0 - Technology which you can trust
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Ethereum 2.0 - Technology which you can trust

June 7, 2019
No Comments

As we know there are three challenges in the blockchain. i.e

Scalability
Decentralization
Security


Right now, ethereum working is based on proof of work. The most advantage of PoW is more secure, more decentralized but it is the rising cost of energy it takes to maintain network security. The Bitcoin blockchain requires consequence power, greater than the power output of many nations, to remain secure and operate in-line with its mission. Ethereum founder Vitalik Buterin and other key network developers noticed this problem and determined PoS is a viable alternative to this energy consumption, hence ethereum move from PoW to PoS. Even though from PoW to PoS they will not hit all these three challenges, maybe it is most scalable but less decentralize or less secure. So how that approach hit these three goals. For that, they are using etherum 2.0 concept.


Here is a description of basic ethereum upgrade network
Proof-of-Stake (PoS)
How Ethereum is mined becon and Casper refer solutions for switching. This addresses how new coins are created and how the system is secured.
Sharding
In general divide a large database into smaller having the same general concept with more manageable parts, for the Ethereum network. This addresses issues of transaction speed and scalability and stops one app from slow down the network.
EWASM
It allows executing code faster among other things. It enlarges the capabilities and the coding option for the Ethereum Virtual Machine.
Plasma
It is an extra layer that sits on top of the network that can handle huge amounts of transactions. It is the version of ethereum Bitcoin's Lightning Network.
Raiden
It is off chain scaling solution, like Plasma. Thus, this is a solution for Ethereum to the Lightning Network.
Serenity
Ethereum's Serenity upgrade will bring Proof of Stake, Sharding, a new virtual machine (eWASM) and more. It's important to understand that this upgrade will not take place at a single point in time - instead, it will be rolled out in phases. The entire upgrade is very complex and is currently being carried out in phases over a number of years. The final completion date is set in 2021. The upgrade of Serenity is broken down into 4 phases, each of these further divided into sub-phases. The first phase, is Frontier, was Ehereum's initial build at launch. The second phase, Homestead, took us into 2018. The third phase, which is the phase we are currently in, is called Metropolis. Metropolis consists of Byzantium and Constantinople, of 2 hard forks, the latter of which has been delayed until late February due to passiveness in its code. So we are still in the Metropolis stage, we have begun the initial stages of the 4th phase, Serenity.
Serenity (Ethereum 2.0) is the most feature-rich stage and important of Ethereum's development that gear a variety of issues from economic finality, scalability, and security.


Conclusion
Every feature of "Ethereum 2.0" offers an answer to the above problems... and it reminds us of that bright future. Ethereum 3.0, 4.0, etc are possible for the future ( Ethereum can evolve too, but there is no one says development ends there). Apart from other blockchain designs these goals or principle are sets Ethereum 2.0.

Company: blockchain

Company URL: https://blockchainerz.com/ethereum-2-0-technology-which-you-can-trust/

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
Technology
KEYWORDS blockchain
  • Related Articles

    Advice you can trust ... maybe

    WCS or WMS: Which is right for you?

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • A look into the future of robotics

  • Exotec Skypod System Adopted by Gap Inc. to Optimize Returns Process

  • A primer on warehouse robots

  • Roadrunner Freight bolsters LTL capabilities with $50 million in new backing

  • Truck driver availability tightens to three-year low, ACT says

Now Playing on DCV-TV

B56eecf1 4687 42a4 865e c3f3223925f7

How serious are you about controlling your freight costs?

DCV-TV 4: Viewer Contributed
If you’ve been feeling like your freight budget is under attack, you’re in good company! Whether you’re looking at the ocean, parcel, LTL, truckload, or air markets, capacity is tight and prices are soaring.RELATED RESOURCES:Rapid AssessmentVisit our websiteSubscribe to our YouTube Channel

FEATURED WHITE PAPERS

  • Special Report: Supply Chain Trends in Retail & Consumer Goods

  • Fortify Your Operational Resilience

  • Cold Storage Automation: Leveraging Advanced Technologies to Meet Increasing Demand

  • The modern warehouse: Maximizing productivity and capacity

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing