Ethereum roadmap unveiled at DevCon3

Vitalik Buterin, co-founder of Ethereum, talked at DevCon3 about "modest proposal" on Ethereum's future
02 November 2017   2706

The problem

At the Devcon3, the biggest Ethereum developers conference, that is now being held in Mexico, Vitalik Buterin, the co-founder of Ethereum, unveiled a "modest proposal". It's perhaps better described as a three-to-four-year roadmap for ethereum's technical development. This is reported by the Coindesk.

In the center of his vision is a long developing new Ethereum's technical feature, called "sharding". Buterin proposed what might be his most solidified strategy for the technique to date.

DevCon3
DevCon3

The roadmap is aimed at problems, that are going sold on the platform. Main goal is to solve the scalability issues for project developers. As we all know, ethereum nodes need to store everything that ever happened on the network, Vitalik noted that there's need to be solution that reduce expensive storage costs, that will only grow as system growth itself.

The amount of activity on the blockchain is orders of magnitude larger than it was just a couple of years ago. Scalability is probably problem number one [...] There’s a graveyard of systems that claim to solve the scalability problem but don't. It's a very significant and hard challenge. These are just known facts.
 

Vitalik Buterin
Co-founder, Ethereum

The solution

Vitalik Buterin belives that sharding is the "likely" solution to this issue. He is proposing a new type of sharding infrastructure that would solve both scalability and governance – ensuring the eventual system is well maintained and that it stays in check.

The proposal revealed today is for ethereum to be split into different types of shards. There will be the main shard, which would comprise today's ethereum network. Then there would be other shards, which Buterin calls other "universes".

Buterin also believes the partitioning would allow for more aggressive changes on the smaller shards, and more cautious changes on the main blockchain. 

Other universes where all this stuff we’ve been working on these last few years can be rolled out much much faster.
 

Vitalik Buterin
Co-founder, Ethereum

The future

Vitalik also told about other changes that roadmap includes. Among them:

  1. Planned upgrades to the ethereum virtual machine (EVM), the technology that today compiles smart contract code and communicates it to the network. He also talked another long-in-the-making tech project, eWASM, for running ethereum in a web browser.
  2. Another idea proposed was for so-called "stateless clients," a proposal for how clients could sync with the network more quickly.

Nevertheless, sharding looks to be the biggest change over the next three to four years. In the end, Vitalik said that development process had already begun.

Binance Android App to Support CC Payments

Additionally, crypto-fiat exchange Binance Singapore was launched
25 April 2019   83

Binance has updated the application for the Android OS. Now users can buy cryptocurrency using their credit cards.

In particular, the feature of buying Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with your credit card is now available.

At the same time, the launch of the Binance Singapore crypto-fiat exchange took place. So far, only one trading pair is available to users of the site - BTC / SGD, but later in the listing other coins may appear.

Singapore users need not only to create an account, but also to link it to an account in the local Xfers payment service, which provides cryptowallet approved by local regulators.

It is noteworthy that earlier Xfers was a partner of Coinbase, when the latter launched its services in Singapore, but relations between the companies were terminated.