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Ethereum Founder: Sharding is coming

Ethereum Founder: Sharding is coming

Ethereum mastermind Vitalik Buterin released a new proof of concept that demonstrates how the sharding scalability solution can be “bolted on” to the Ethereum main chain.ethereum

This is great news for the smart contract world computer known as Ethereum, since scalability is a major issue.

This demonstration follows a current “minimum sharding protocol” initiative by the Ethereum co-founder that plans to radically improve the trade throughput and scalability of their Ethereum blockchain. In times when Cryptocurrency appears to be rebounding in April, there is light at the end of the tunnel for dApp platforms and the future of decentralization.

What is Sharding?

The number of Ethereum transactions has dramatically increased over the last several years, which has caused transaction fees to rise accordingly.

The concept of sharding involves splitting the Ethereum blockchain into potentially myriad smaller sections that are able to process transactions in a parallel manner, thereby speeding up transaction throughput and capacity.

A recently available upgrade printed by Mr. Buterin about the 29th of April summarizes cross-linking for a remedy to match the execution of the minimum sharding specification, speeding up shard collation.

In essence, Sharding is a solution that optimizes the process of verifying transactions and smart contracts by splitting the blockchain network into partitions called shards. (CNN)

A “Minimal Sharding Protocol”

According to Cryptoslate, the integration of the sharding scaling solution appears to have kicked into high gear over the last month.

Olé Crypto,
CBNN

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