(BlockBar) On June 29, the Conference on Ethereum Technology and Applications 2019 is held in Beijing, which is mainly co-sponsored by CSDN, LinkTime Science and Technology and sponsored by Block Chain Base, EthPlanet and Unitimes. On the conference, the founder of Ethereum gave a speech aiming at “Ethereum 2.0—fragmented transactions”. At the meeting, he said that the current block chain requires downloading and verifying all transactions each node, and all nodes should do the same. Therefore, there are serious scalability constraints. The future block chain will be fragmented for each node needs only a small number of transactions to be downloaded and verified. This change will improve the performance of the block chain (from 10 to 1000 tps).
Vitalik Buterin also revealed four key points in the design of Prince 2.0:
1. It has 1024 fragments, each of which is short-chain and has its own common algorithm. It will interact with other fragments.
2. Common identification method of credit chain management and cross-section communication;
3. Hash node of other debris can be found every 6 minutes.
4. Users and applications operate on different fragments and communicate with each other through cross-links.
Vitalik Buterin, founder of Ethereum, said Ethereum 2.0 would do synchronous transactions through a plasma-like method, and transactions could take place in any part of the company. It would take a week for the assets to be taken out of the contract.
According to the public information, Plasma is an expansion scheme of the Ethereum: the main chain can be improved by transferring a large number of transactions and calculations to the side chain. Plasma is essentially a series of intelligent contracts running on the main chain. It only needs to deal with a small number of requests from the side chain. And a large number of transactions and calculations are completed on the side chain.
At an Asia-Pacific meeting in Hong Kong in March this year, Vitalik Buterin, introducing the current situation of the Ethereum, said that at the Layer 2, Plasma is in the testing network stage and the state channel framework is in progress. In addition, ZK SNARK，STARK scalability and solutions to privacy are also being developed (such as Ignis, rollup, etc.) In terms of applications, applications with large user base, such as Brave, Opera browser, will also be landed one after another.
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