Every cryptocurrency blockchain runs by its own set of inheriting rules.
This means that the speed, the scaling, and just about everything else is built into the original white paper and coded open-source.
Now with Bitcoin becoming slower (except for the implementation of the lightning network) and more people than ever flocking to cryptocurrency, there is a major need for improving the speed of transactions for scale.
One of those solutions for Ethereum is sharding, and it seems to be almost ready.
Ethereum Sharding Gets Ready To Take The Stage
In a recent developer meeting for Ethereum, Vitalik Buterin the creator of ETH said:
“It seems like part one of phase one is getting something like being already done,”
…Mentioning that the four-part upgrade to Ethereum will have its first part complete in the next month and a bit.
What is Ethereum Sharding?
Sharding is a method of breaking down the main blockchain which will then shard off to increase transaction times.
Here’s how Vitalik explains it.
Imagine that Ethereum has been split into thousands of islands. Each island can do its own thing. Each of the island has its own unique features and everyone belonging on that island i.e. the accounts, can interact with each other AND they can freely indulge in all its features. If they want to contact with other islands, they will have to use some sort of protocol.
Now, this can easily allow the network to grow, in scale, with the number of users buying and using Ethereum.
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Thanks for reading,
Austin from GCA