Ethereum Leveldb Format Performance3/20/2021
By focusing on one specific type of user, moreover, Vogelsteller hopes to address one problem Ethereum has yet to answer: How can we make it usable for people Pulse checking Eth 2.0 If youre new to Valid Points and the topic of Ethereum 2.0 in general, be sure to check out our 101 explainer on Eth 2.0 metrics to get up to speed about jargon and terminology used throughout this newsletter. (Source: Etherscan (Data as of 292021 21:12 UTC)) Ether price seems to be hitting new all-time highs every day this week.Thats Lyn Alden, a renowned investment strategist, who wrote a blog post a few weeks back reviewing the Ethereum protocol from an investors perspective.In her post, Alden points out that one of the biggest risks for the value of ether is that Ethereum never reaches mass adoption, just like the Concorde jet of the 1970s.
While the Concorde was functional and operational for over 25 years, Alden writes, it never quite reached the product market fit it was seeking for commercial flight. Ethereum has ambitious goals in aiming to become the worlds supercomputer. Developers of Ethereum anticipate the network will eventually host and run millions of active decentralized applications (dapps) ranging from finance to gaming to business and more. Key to this vision is a base layer protocol able to handle influxes of millions of dapp users and their transactions. The base layer of Ethereum, built for its long-term use case and vision, is Ethereum 2.0. Subscribe to, Subscribe By signing up, you will receive emails about CoinDesk products and you agree to our terms conditions and privacy policy. So whether youre an Ethereum enthusiast, critic or somewhere in between, its hard to understate the importance of Eth 2.0 to the value of ether (ETH) in the eyes of investors. This week, well explore ideas for a new Ethereum-compatible blockchain called LUKSO. Then well look at the bullish price activity of ether and how thats impacting network rewards. Lost in the Medium tech explainers and rainbow price charts predicting 20,000 ether by end of the year is an understanding of what the Ethereum ecosystem is actually trying to accomplish: decentralized infrastructure for the internet. Fabian Vogelsteller founder of digital economy blockchain LUKSO and co-creator of the ERC-20 token standard is one entrepreneur zeroing in on that notion as he explores using Ethereums passive technology stack for the creative economy. LUKSO is an Ethereum blockchain but not in the way most conceive of that idea. Rather, its a clone of Ethereum that is 100 compatible with user-facing tools such as MetaMask. The project is currently building a new chain based on Catalyst a clone of the Beacon Chain meshed with a stripped down variant of popular Eth 1.x client Geth that remains in the RD phase for Eth 2.0 developers with the end goal of on-boarding the digital economy fringes such as art, clothing and collectibles. By combining an execution environment ( Catalyst ) with a beacon chain running Casper FFG, LUKSO will likely become the first ETH 2.0 Blockchain to execute smart contracts, even before Ethereum itself, LUKSOs Medium post from Monday reads. Proving ownership with NFTs Nonfungible tokens (NFT) have been hot lately. ![]() The project was used to verify ownership of digital clothing for the Helsinki Fashion Week, according to an August Vogue article. By securing each item on a blockchain and providing digital certificates of ownership, digital items can be limited in supply, which ultimately increases their value, LUKSO co-founder and managing partner Marjorie Hernandez told Vogue. Unlike other blockchains independent of Ethereum, LUKSO is not a competitor in any meaningful sense to Eth 2.0, Vogelsteller said. Rather, its an independent blockchain for the digital economy that uses Ethereums tech stack in a similar manner to how Ethereum was originally conceived: as a quasi-programming-language for bringing blockchains to life. And while its conceptually simplistic to place blockchains into silos, projects like LUKSO break the mold by showing how Ethereum is more than one blockchain. Indeed, a larger ecosystem of many Ethereum-compatible blockchains such as Ethereum Classic, Quorum or NEAR exist in concert with Ethereum. By focusing on one specific type of user, moreover, Vogelsteller hopes to address one problem Ethereum has yet to answer: How can we make it usable for people Pulse checking Eth 2.0 If youre new to Valid Points and the topic of Ethereum 2.0 in general, be sure to check out our 101 explainer on Eth 2.0 metrics to get up to speed about jargon and terminology used throughout this newsletter. Source: Etherscan (Data as of 292021 21:12 UTC)) Ether price seems to be hitting new all-time highs every day this week.
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