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While the price of Bitcoin (BTC) and other cryptographic assets has exploded, the underlying fundamentals of this embryonic space have also evolved. Reports have revealed that Ethereum (ETH) may soon move into the early stages of Stoss of Stake (PoS) integration, thus ensuring scalability.
The zero phase of Ethereum could be finalized in June
In March, Vitalik Buterin, the Russian-Canadian founder of Ethereum, went on stage to Token2049, a blockchain event in Hong Kong, to tell all about his project. He first explained that Serenity could simply be explained as "a way to bring together technical improvements, such as point-of-sale sharing and point-of-view sharing, to improve the virtual machine, the Merkle trees, the effectiveness of the protocol and a whole series of small technical problems never heard of ". According to the insider of the industry, all this is done with the aim of creating a "new generation blockchain" that would be hundreds of times faster and scalable than the current iteration of. Ethereum.
In the current state, Ethereum has not even entered the zero phase yet (there are three phases in total – zero, one, and two) of the Serenity integration, but Buterin explains that it is getting ready. He notes that the zero phase is almost complete in details, addressing an actually complete section of a white paper that describes version 2.0. Buterin explains that zero-phase test networks, focused primarily on implementation, could be launched in the near future by what he calls "implementers", like Parity and others. .
And according to a recent call from Ethereum Core Developers, this would seem to be the case. As CoinDesk magazine reported for the first time, Justin Drake of the Ethereum Foundation pointed out that the code specifications for phase zero were "on track" and should be finalized by June 30th. Once finalized, developers can start building code based on these specifications, making sure everyone is on the same page. Drake elaborates:
"We are always on the right track. Again, [code] simplifications are happening, which is great and the fine combing process is also used to detect the latest bugs. "
For those who do not know it, the zero phase, also known as "tag chain", will allow validators, rather than minors, to participate in the Ether game and vote on the improvement proposals.
This recent confirmation of the continued development of Ethereum, while Bitcoin is in full swing, comes just weeks after Buterin announced that the development of the blockchain "was proceeding as planned."
Main traction
All this comes from the moment when Ethereum, or at least technology-based private channels, started to gain ground in the general public, especially with large companies. For example, at the end of April, rumors revealed that Samsung, one of the world's largest tech stores, was planning to build an Ethereum-based blockchain that would house its own token. The use of this asset is unclear, but the source suggests that the blockchain could be passed on to Samsung Pay, the technology tech's fintech app.
In the same vein, JP Morgan and Microsoft announced the launch of a partnership to implement Quorum, the former Ethereum channel, in the Azure Blockchain service of the technology company, allowing for more adoption. off the blockchain.
Featured image of Shutterstock
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