This article comes fromsubstack, by Camila Russo
Odaily Translator |
For the Ethereum community, the most noteworthy event this year is undoubtedly the Devcon developer conference being held in Osaka, Japan. Since most decentralized financial (DeFi) applications are built on the Ethereum blockchain, Ethereum is slightly A little trouble can have a huge impact on the DeFi industry.
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Ethereum Dev Says 'State Rent' Will Be Delayed
The most important topic on the first day was the discussion of the Ethereum roadmap, which was actually an unstructured conversation about Ethereum's most controversial topics.
Every meeting room of this Devcon conference was full of people. Because the chairs were robbed, many people had to sit on the floor and tables, and some even had to stand against the wall. As shown below:
Next, let us take a look at the key points of the Devcon conference on the first day:
1. State rent, or the idea that developers need to pay certain fees or taxes for storing applications on the Ethereum network, will be delayed.
The ethereum developer community is facing some tough decisions about the usability of the ethereum network, with some core developers predicting that if ethereum's state size continues to grow at the current rate, the ethereum network will collapse within three years. The number one solution to slowing its growth is to impose “state rents,” charging service users for storing data. But not everyone agrees that the state size issue is as urgent as some believe. Furthermore, this may have an unpleasant effect on the user's experience, and may negatively affect existing applications, as it may change the programming paradigm if implemented, and may even have unintended consequences. In fact, Ethereum core developer Alexey Akhunov is working hard to specify the first viable stateless client version, the goal is to provide enough space for the current version of Ethereum to ensure the smooth launch of Ethereum 2.0.
Developers and researchers must find solutions to the above problems, which is critical to the survival of Ethereum. Today, the utilization rate of the Ethereum network is close to 100%. If it reaches full capacity, the network speed will become very slow, and more risks will definitely be added at that time. The original intention of state rent is to require certain storage to be forced to leave the Ethereum network.
2. The relationship between Ethereum and Ethereum 2.0 has not yet been defined. Some opinions were put forward at this Devcon conference. They believe that ETH1 will become a shard of ETH2, similar to a branch of the main network. Alternatively, it is possible that ETH 1 will continue to exist in parallel with ETH 2.
3. Developers are considering eliminating the need for all nodes to have complete Ethereum transaction history data. The purpose of doing so may be to make it easier for more people to run Ethereum nodes.
The main takeaway for Ethereum developers at Devcon this year about ProgPow is that there should be a fact-based discussion about it, rather than the personal attacks that drive people (like ASIC miners) out of the community, as has happened in the past.
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Uniswap and Plasma Release a Demo of a More Scalable Decentralized Exchange
At this Devcon conference, Uniswap and Plasma Group released Deomo, a second-layer exchange. This new solution may bring higher scalability to decentralized finance and also solve the problem of network peak congestion. Uniswap said that this demo is running on the Ethereum Ropsten test network and can process about 250 transactions per second. It is expected that the production version will be further optimized when it is officially launched, and it should be able to process about 2,000 transactions per second.
Uniswap and Plasma Group allegedly demonstrated how to buy PIGI or UNI tokens at Devcon.
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Best tweets from Devcon
Best Tweet 1: DAI Designs a Currency Logo
