What is the future of Ethereum 2 0?

Recently, Ethereum underwent an Istanbul hard fork upgrade, and the market response was not strong because it was more developer-oriented. In this issue, we will explain the changes and development trends of Ethereum after it entered, as well as the value support behind it.

Ethereum Phase 0 will go live on December 1 this year. Justin Drake of the Ethereum Research Institute revealed that the reason why the launch was chosen on January 3 was mainly to commemorate the birth of Bitcoin's founding block, which is the 11th year after the stool block on January 3, 2009, Justin Drake said that they expect to complete the work related to the Phase 0 specification in two weeks, that is, by June 30.

EthereumEthereum is an open-source, smart contract-enabled public blockchain platform that provides a decentralized Ethernet virtual machine to process peer-to-peer contracts through its dedicated cryptocurrency, Ethereum.

The concept of Ethereum was first proposed in 2013-2014 by programmer Vitalik Buterin after being inspired by Bitcoin, to the effect that it is the next generation of cryptocurrencies and decentralized platforms, and began to develop through ICO crowdfunding in 2014, and as of February 2018, Ether is the second largest cryptocurrency by market capitalization, after Bitcoin.

It may not be launched until the end of 2022.

Ethereum is a decentralized computing platform, similar to a computer's operating system, on which anyone can build decentralized applications.

Like Bitcoin and other cryptocurrencies, Ethereum also allows for electronic payments, digital asset transfers, and more. But it's much more versatile, allowing anyone to configure their own and interact with other applications. At the same time, this digital ethereum also allows the creation of a variety of complex applications.

Put simply, Ethereum allows developers to create and run on a distributed network, rather than on a server. This means that these applications cannot theoretically be modified or deleted.

Extended Information]:

1. The father of Ethereum.

With the development of Bitcoin, tech geeks gradually discovered the drawback of Bitcoin: Bitcoin only has a single attribute of electronic cash, and its application scenarios are limited. Bitcoin enthusiasts want to add more functionality to Bitcoin and build Bitcoin.

However, there is a teenager who believes that everyone is tinkering with Bitcoin, and has not fundamentally solved the defects of Bitcoin, and the function is still too simple, and only the establishment of a brand-new blockchain can completely solve this problem.

2. Ethereum does have a lot of potential, but it can't hide its limitations. Ethereum's current network has limited processing capacity, only 35 transactions per second, and due to the distributed nature of the network, this problem is difficult to solve. Second, Ethereum, as well as other PoW (Proof-of-Work) cryptocurrencies, are resource-intensive. In other words, in order to maintain the normal operation of the Ethereum network, mining must be carried out, so it requires a lot of energy.

3. In order to solve the above limitations, Ethereum has proposed a series of upgrade plans, collectively referred to as or. Once fully implemented, it will effectively improve the performance of the Ethereum network. Ethereum is a breakthrough for blockchain technology, and it represents the blockchain era.

If the blockchain era represented by Bitcoin provides new ideas and new methods for value transfer; The blockchain era represented by Ethereum has made it possible for blockchain business to be used. Although Ethereum has many limitations in terms of functionality, we must admit that Ethereum is also one of the excellent public chains of the blockchain. Ethereum has entered the development and testing stage, and he will bring us more expectations in the future.

The probability of Ethereum being launched in 2022 is not high, but the possibility of launching at the end of the year is not ruled out, after all, the upgrade of Ethereum has lasted for several years, and it is impossible to say that it has been dragging on, the external competitive pressure is too great, and a little carelessness will lead to the entire market share**, but if Ethereum is launched, then there is a probability that there will be a mechanism similar to Bitcoin's bottoming**, so that the overall ** will be further improved, and it is generally worthy of the attention of players and users.

Is the Ethereum test coin valuable.

At present, Ethereum only supports about 20 transactions per second, and after upgrading, the TPS will be as high as 1280 per second, which greatly improves the performance, so after the version is launched, it will greatly alleviate the congestion of the current Ethereum network. For example, if you compare the Ethereum network's Bona to a highway, the version is only a single lane, and the version is 64 lanes! The speed increase is predictable.

The introduction of the gas fee burning mode for 1559 will certainly cater to the taste of some people chasing the so-called deflation, but the motivation behind it has to be said that Vitalik and Ethereum** will further promote the strategic thinking of POS and even ETH.

Now that Ethereum has introduced a burning mechanism to hedge the issuance of block rewards, we will feel that this mechanism makes Ethereum harder. However, Ethereum burns and burns stocks. The continuous consumption of stock S will reduce the hardness (similar to the consumption of ** reserves in the electronics industry), so that the impact of the increment will be larger, which is not conducive to the stability of the currency value.

IntroductionAs we all know, Ethereum does not have a fixed predictable monetary policy, which is the worst monetary policy (from a game theory perspective). After the implementation of 1559, increment F is assumed to be a fixed block reward, unless vitalik and ** decide to change it.

Then, the continuous consumption of stock in the case of constant increment will make Ethereum's resistance to shocks decrease, and the value of the currency will be more unstable and volatile, making it more unsuitable as a store of value.

Personally, I'm not particularly bullish on Ethereum. Judging from the current development of Ethereum, there is no doubt that Ethereum has become the largest public chain in the world. As Ethereum grows further, we will find that the blockchain industry has also made great strides.

First, let me talk about the current state of Ethereum.

Second, Ethereum has moved the cake of many people. 3. Ethereum has lost its decentralized character.

Taifang is not very good, although its bull market is very bright, but the transaction rate is too high, the speed of trading is also very slow, there are many problems, the transaction is too cumbersome.

The advancement of the industry is a long and complex process, which requires step-by-step deployment and improvement, so at this stage, the industry may be too excited about the time node set on December 1, and overestimate the value of its arrival. But I have to say that there is still a huge opportunity behind the news on December 1.

This is a very reliable platform, and it is relatively stable, and it is also very reliable for users, so this platform is very good.

The technology has been very stable, there is no problem in terms of assets, and the security performance of the platform is relatively high, which is still very good.