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8 October 2018

Cryptocurrency

Ethereum Co-Founder: The Currency Has Undergone Massive Changes

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Vitalik Buterin- Ethereum Co-Founder, has recently stated on Twitter, that the currency has undergone a massive amount of changes over the past 15 months.

Buterin explained the development that has taken place in the market so far, in four points as the following:

“1. Casper/sharding spec roughly finished, now in refinement stages.

2. 4+ implementations of the spec well underway.

3. Many implementations of plasma well underway.

4. ZK-SNARK-based layer 2 scaling and privacy well underway. It’s a night-and-day difference from 2017.”

Buterin referred also to that the foundation could go on to survive without him.

It was recently reported that since Vitalik announced the Ethereum 2.0 vision, many development teams like the Sigma Prime, Prysmatic Labs, Rocket Pool, Status and PegaSys have been enthusiastically working on developing Casper and sharding clients.

Ethereum 2.0 Might Establish New Economic Systems

In its turn, Prysmatic Labs announced as well the release of the demo version of Sharding Client, Prysm v0.0.0- the project of Sigma Prime’s Lighthouse which was released the last month, which saw a lot of progress in the past two weeks.

As per developers at Rocket Pool, Ethereum 2.0 has the potential to establish new economic systems and become a hub for global collaboration. The project is said to be decentralized on numerous levels, and is not being developed by a single corporation.

It is worth mentioning that the Ethereum community is preparing itself for the Constantinople hard fork, which reportedly happens after the Ethereum Devcon 4 event. The hard fork which was supposed to hit the Ropsten Testnet on October 9th, has faced a 5-days-delay due to the Ethereum Virtual machine [EVM] Denial of Service [DoS] attack vector recently encountered. 

Ethereum Buterin Vitalik
The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZMarketz.com, nor should they be attributed to AtoZMarkets.

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