Liquidity Network make off-chain protocol for Ethereum

It will become an analog of the Lighting Network for the bitcoin
30 November 2017   2529

The Swiss researcher Ethereum Arthur Gervais presented a demo version of the Liquidity Network project. It will allow Ethereum-purses to introduce and use an off-chain transaction protocol for payment channels, an analog of the Lighting Network for the bitcoin network.

For users, the process of transferring funds will not visually change. But under the hood of the Ethereum wallets, the off-chain protocol will connect the sender and the recipient through "hubs", which will provide payment channels between all connected to the "hub" parties.

During the demonstration of the demo version, Gervais showed the process of depositing funds for the "hub", and also transferred two users 50 Wei and 30 Wei (fractional shares  Ethereum), respectively.

Earlier developers of the decentralized crypto exchange Altcoin Exchange conducted the first atomic transaction between the networks of bitcoin and Ethereum.

Buterin to Propose Way to Speed Up ETH 2.0 Migration

Vitalik Buterin,creator of Ethereum, believes the eth1 system can exist as a zero shard in eth2 
25 December 2019   290

Ethereum founder Vitalik Buterin proposed a solution that allows you to quickly get rid of the Proof-of-Work (PoW) algorithm chain and move everything in Ethereum 2.0 to Proof-of-Stake (PoS).

According to him, the eth1 system can exist as a zero shard in eth2.

Validators who choose to participate in eth1 will be able to register as friendly. They are expected to support the full eth1 node in addition to the eth2 node.

A full eth1 node will load all blocks of the zero shard and maintain the updated state of the old circuit.

Buterin believes that his proposal does not make any changes to the planned procedure for the transition from eth1 to eth2. Only software for stateless clients and witness size changes in the eth1 protocol are required.