Three Factors Shaping Ethereum’s Ecosystem
Ethereum is a significant cryptocurrency project and right now, it may be in the throes of evolving. Here are three factors that to look forward to concerning its development:
Beacon Chain is one option being explored by Ethereum developers. This solution enables the transition of Ethereum into proof-of-stake and sharding concept. Beacon Chain essentially links the main blockchain and shard chains and it lets the main chain know which blocks from the shards need to be added over time. Once the main blockchain is validated through a proof-of-stake, it will always reside in the Beacon Chain and maintain a close connection to it.
Casper FFG’s integration into blockchain’s future is based on speculation. Many view it as a validator for Casper and sharding. Those who want to participate in the FFG aspect must have a stake of 1,500 ETH to validate the network activity.
There have also been some concerns in recent months concerning the use of Casper FFG. Though it is unclear whether it will be ultimately added to the blockchain, it is possible.
Lastly, eWASM has a significant role in Ethereum’s future. First proposed as a part of EIP 48 due to its ability to introduce notable performance advantages over the traditional Ethereum Virtual Machine, today it is seen as a “second gen” of the EVM, even though it uses as subset of Webassembly.
Webassembly may be the new standard for the web due to its ability to improve speed and size. Further, it can be valuable to Ethereum and dApp developers.