Ethereum after DevCon V. The end of the Edo period
In world history, Japan of the Edo period is notable for its extreme isolation from the outside world and, surprisingly, the flourishing of culture, the development of national ideas and statehood in the country. In many textbooks, this period is called the golden age of Japan. I have similar associations with Ethereum 1.0 that now is becoming history as well.
Today, still being in Japan, I cannot help but make references to the history of this unusual country. But it’s still surprising that I so easily associate the period from 2015 to the beginning of 2020 with the Edo period. The world decentralized computer — the first-of-its-kind and so unusual for a modern human — has changed a lot in the world community, has shown a new interesting way of developing decentralized technologies and even social structure.
Exploring the possibilities provided by a decentralized computing network with a blockchain storage, which is under the control of consensus, I was able to draw distant and sometimes fantastic things to the realities of today. My work is generally futuristic: to realize and prove to mankind that the joint economy of humans and machines is possible today and is an important point in the development of the existing economy. On the surface, this idea is more like Sheckley or Asimov’s books, but 4 years after the launch of Ethereum, ics allows you to connect a robot under the control of the decentralized computer and use the digital market as a way of transmitting a signal from a human to a machine. We have proven that it is possible, that it works. Who would tell me in 2010 that a team of 10 people would be able to do this in a few years in 2015 — of course, I would hardly believe it.
On the example of our project, I understand that Ethereum 1.0 gave unique opportunities to humanity, which not many could take. A closed infrastructure was formed — the original and, one might say, almost complete one: smart contracts, stablecoin DAI, DAO on Aragon, prediction markets, exchanges on 0x and, finally, robots as services. And all this is under the control of Ethereum. The golden age of a small state.
But this era is ending, and it seems to me that the next few years will not be simple in the history of Ethereum. Eth is no longer alone. Solving the bandwidth problem and implementing the environment in the more open form for popular web-technologies is what other projects have been doing for the last 2 years. Being the first, Ethereum follows, in my opinion, practically the same way, but with a little delay from the leader of the race.
Shift phases to Ethereum 2.0 through the eyes of the developer of its applications
On the way to Ethereum 2.0, the Ethereum Foundation distinguishes 3 phases — phase 0, phase 1, phase 2.
This phase is characterized mainly by the launch of the so-called Beacon Chain — the coordination layer for the PoS chain in Ethereum. During phase 0, the operation of network validators and the placement of their steaks will be tested.
Note: if you decide to become the Ethereum 2.0 validator in phase 0 and send 32 ethers to the contract in the PoW blockchain (valid today), then you will not have a return trip 🙂 I.e. you will be able to withdraw your deposit only when Ethereum 2.0 moves to the next phase, or maybe only from phase 2. Be careful.
For developers of Ethereum implementation, this phase will practically mean nothing. This will be an important step for developers of the cliens for the eth2 network, and possibly for those who want to become a validator, but not for users.
Published at Mon, 04 Nov 2019 11:07:18 +0000
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