Stories
Slash Boxes
Comments

SoylentNews is people

posted by Fnord666 on Wednesday November 29 2017, @05:27PM   Printer-friendly
from the blockchain++ dept.

Ethereum Founder Unveils Roadmap For Next-Gen Blockchain

At the "Beyond Block" conference in Taipei, Ethereum's founder, Vitalik Buterin, unveiled the plans for "Ethereum 2.0," the next-generation version of Ethereum.

[...] [The] network's rapid growth in recent years has [revealed] a few major issues within the network. According to Buterin, there are currently three major problems that need to be solved to push the Ethereum network to the next level: privacy, consensus safety, smart contract safety, and perhaps the biggest of them all: scalability.

[...] The Ethereum developers have already taken steps to address [anonymity] by implementing the same zero-knowledge proof privacy technology used by Zcash in a recent upgrade. The technology should enable distributed apps (such as voting apps, for instance) to have mathematically provable anonymity.

Buterin said that the privacy issue should be 75% solved already at the network-level, with the remaining 25% to be solved by apps that work on top of Ethereum which would need to actually implement those privacy features.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 1, Insightful) by Anonymous Coward on Wednesday November 29 2017, @05:59PM (12 children)

    by Anonymous Coward on Wednesday November 29 2017, @05:59PM (#603079)

    According to Buterin, there are currently three major problems that need to be solved to push the Ethereum network to the next level: privacy, consensus safety, smart contract safety, and perhaps the biggest of them all: scalability.

    So the problems are:

    1. Privacy.
    2. Consensus safety.
    3. Smart Contract Safety.
    4. Scalability.

    I count four.

    Starting Score:    0  points
    Moderation   +1  
       Insightful=1, Total=1
    Extra 'Insightful' Modifier   0  

    Total Score:   1  
  • (Score: 0) by Anonymous Coward on Wednesday November 29 2017, @06:14PM (3 children)

    by Anonymous Coward on Wednesday November 29 2017, @06:14PM (#603085)

    well it's 3 if you categroize them:
    1. Privacy
    2. Safety
    3. Scalability

    So some of the most important cornerstones of a functioning society are totally absent from the platform.

    • (Score: 4, Insightful) by Nerdfest on Wednesday November 29 2017, @06:23PM

      by Nerdfest (80) on Wednesday November 29 2017, @06:23PM (#603092)

      We no longer have privacy, and safety has come at the loss of important rights. Not sure about scalability, but I'm thinking we no longer live in a functioning society.

    • (Score: 0) by Anonymous Coward on Wednesday November 29 2017, @06:29PM (1 child)

      by Anonymous Coward on Wednesday November 29 2017, @06:29PM (#603096)

      Is Zcash actually going to solve the privacy problem? Or will the NSA just become the sole tracker of transactions? Drug markets want to know.

      • (Score: 0) by Anonymous Coward on Thursday November 30 2017, @03:58PM

        by Anonymous Coward on Thursday November 30 2017, @03:58PM (#603474)

        yes, i think there's a good chance that all the zerocash based coins (zcash, zclassic and zencash) are all nsa/mosad honeypots. they are all dependent on the original 6 zcash keys. lots of little fishy things have happened in these projects too.

        i'll be using eos instead of ethereum.

  • (Score: 1, Funny) by Anonymous Coward on Wednesday November 29 2017, @06:50PM

    by Anonymous Coward on Wednesday November 29 2017, @06:50PM (#603105)

    Look just because basic addition is beyond him doesn't mean he can't do incredibly complex math, why do you hate capitalism!

  • (Score: 2) by DannyB on Wednesday November 29 2017, @06:53PM (2 children)

    by DannyB (5839) Subscriber Badge on Wednesday November 29 2017, @06:53PM (#603109) Journal

    Don't worry!

    They will get all of the problems with digital currency worked out. Just as Microsoft got all of the problems worked out with Windows 10!

    Oh, wait.

    --
    People today are educated enough to repeat what they are taught but not to question what they are taught.
    • (Score: 0) by Anonymous Coward on Wednesday November 29 2017, @07:01PM

      by Anonymous Coward on Wednesday November 29 2017, @07:01PM (#603112)

      Look since it is totally possible to pay for things just using my completely secure bank card on the internet I am certain this won't be broken by design

    • (Score: 2) by bob_super on Thursday November 30 2017, @07:16PM

      by bob_super (1357) on Thursday November 30 2017, @07:16PM (#603593)

      So, naming the revision to fix all issues really a casting problem: b10 == 2.0

  • (Score: 2) by Grishnakh on Wednesday November 29 2017, @07:38PM

    by Grishnakh (2831) on Wednesday November 29 2017, @07:38PM (#603128)
  • (Score: 2, Funny) by Anonymous Coward on Thursday November 30 2017, @05:55AM

    by Anonymous Coward on Thursday November 30 2017, @05:55AM (#603341)

    There are two hard things in computer science: cache invalidation, naming things, and off-by-one errors.

  • (Score: 0) by Anonymous Coward on Thursday November 30 2017, @10:49AM

    by Anonymous Coward on Thursday November 30 2017, @10:49AM (#603382)

    According to Buterin, there are currently three major problems that need to be solved to push the Ethereum network to the next level: privacy, consensus safety, smart contract safety, and perhaps the biggest of them all: scalability.

    So the problems are:

    1. Privacy.
    2. Consensus safety.
    3. Smart Contract Safety.
    4. Scalability.

    I count four.

    1. Not really a problem. Why should I care about privacy of my spendings?
    2. Problem created by Etherium.
    3. Problem created by Etherium.
    4. Please define scalability. Blocks to small because your writing code in your chain and the blocks are not big enough? Or is it that it can't cater all the speculators?

  • (Score: 2) by Bot on Thursday November 30 2017, @11:34AM

    by Bot (3902) on Thursday November 30 2017, @11:34AM (#603387) Journal

    ???
    makes sense to me.

    0. Privacy.
    1. Consensus safety.
    2. Smart Contract Safety.
    3. Scalability.

    --
    Account abandoned.