Ethereum Shard When Implemented (Ethereum Real-Time Quotes)
Ethereum Shard When Implemented Ethereum shard is a form of blockchain technolo
Ethereum Shard When Implemented Ethereum shard is a form of blockchain technology that can separate different parts of the blockchain network. In simple terms, at a certain moment, a block (i.e. transaction) needs to be included in a state, which is processed by two separate nodes. These two clients, called “validators,” are responsible for running the computation and data synchronization of the entire system. If they don’t have enough network resources to store this information, the system cannot continue working. So when will Ethereum shard be implemented?
Currently, Ethereum has two main chains that have already begun their workflows:
One is the Ethereum mainnet – the stage before the mainnet goes live. This process includes starting from the mainnet to the beacon chain (final version) and then entering the next stage. The upgrade of the “beacon chain” is expected to be completed in the first quarter of 2022 and may soon be deployed to the mainnet. “Sharding” (The Merge): Sharding is the first step after implementation on the mainnet. When the main chain reaches its final state, new transactions will be generated and allow updates to the original chain.
The other one is the second phase of Ethereum mainnet launch, “sharding,” which is planned to be released in the second quarter of 2021, but no information or details about sharding have been released yet. (EthereumWorldNews)
Note: “The Merge” refers to a key concept of Ethereum 2.0. Sharding refers to a series of operations performed between different consensus layers within a day. For example, the consensus protocols (e.g. Proof of Stake) on Ethereum.
The full name of Ethereum blockchain is the categorized ledger for ETH. That is, the so-called “merge” because each chain can handle different types of data using different functions, parameters, and ways of interconnection.
Some of these features allow contracts to solve scalability issues with less complexity: users can build different applications by creating multiple independent applications. For example, a developer team can design their own cryptocurrency and send it to another developer’s smart contract, without relying on others to build their products, or like EOS, based on Ethereum. In addition, there is a method called “scalability and programmability.”
To understand the timeline of implementing Ethereum shard more conveniently, let’s first define “What is the merge?” and “What is Ethereum shard?” Ethereum shard was proposed by the Bitcoin Core group. This group originally proposed a specification to determine the Ethereum Virtual Machine (EVM) and suggested introducing sharding in Ethereum.
Although there are still many questions about this issue, for Ethereum founder Vitalik Buterin, he believes that, since the design concept of the Ethereum blockchain is the same as Ethereum 1.0, Ethereum shard is actually a completely open and decentralized solution.
Ethereum Real-Time Quotes
According to Searchain.io data analysis, the market activity of ETH increased yesterday, with a 14.31% increase in the number of new addresses compared to the previous day. However, the trading volume significantly decreased. The average daily trading volume in the past seven days was 806,000 ETH, a 18.98% decrease from the previous period. Yesterday, the real-time quote of Ethereum increased by 14.5% to 240.11 USDT. The average turnover rate in the past seven days was 35.93%, a 2% increase compared to the same period last year. The total open interest in delivery and perpetual contracts remains stable. Among them, the BTC quarterly contract long/short position ratio is 1.04, indicating a relatively bearish market. However, the quarterly contract basis and perpetual contract funding rates are still at high levels.
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