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.
(Score: 3, Funny) by Anonymous Coward on Wednesday November 29 2017, @05:32PM (8 children)
Why is SN still begging for donations instead of being self-sufficient by conjuring free-money vapor-coins out of nothing.
(Score: 0) by Anonymous Coward on Wednesday November 29 2017, @05:33PM
We don't use GPUs.
(Score: 1, Funny) by Anonymous Coward on Wednesday November 29 2017, @05:45PM (4 children)
Please reply back with where you are and how to get free electricity like you are doing.
Don't reply if you're posting from mom's basement.
(Score: 0) by Anonymous Coward on Wednesday November 29 2017, @06:47PM (3 children)
Tesla Owners Are Mining Bitcoins With Free Power From Charging Stations [slashdot.org]
(Score: 3, Funny) by edIII on Wednesday November 29 2017, @08:09PM (2 children)
Wow, really? They'll pay off those upfront costs, like the cost for a Tesla, in just no time at all. I think a Tesla gets something like 2 cryptocoins for every 100 miles right?
Technically, lunchtime is at any moment. It's just a wave function.
(Score: 2) by MostCynical on Thursday November 30 2017, @03:11AM (1 child)
Is that the new measure of an electric car's economy?
"I guess once you start doubting, there's no end to it." -Batou, Ghost in the Shell: Stand Alone Complex
(Score: 3, Touché) by maxwell demon on Thursday November 30 2017, @07:10AM
They should replace proof-of-work with proof-of-miles. :-)
The Tao of math: The numbers you can count are not the real numbers.
(Score: 0) by Anonymous Coward on Wednesday November 29 2017, @06:12PM (1 child)
Better ways of raising money could be had, I wholeheartedly agree.
But you must understand these Ethereum guys (yes, I assumed their gender) also thought it was "easy" and now need version 2.0 to fix all the problems they "didn't foresee" while making 1.0.
Hubris is the currency of fools, not Bitcoin. To think that Soylent could somehow do this would make one the richest fool in all the lands.
(Score: 2) by DannyB on Wednesday November 29 2017, @06:52PM
The US administration might disagree with that.
Twitter might also disagree as long as Hubris brings in ad impressions.
For some odd reason all scientific instruments searching for intelligent life are pointed away from Earth.
(Score: 1, Insightful) by Anonymous Coward on Wednesday November 29 2017, @05:59PM (12 children)
So the problems are:
1. Privacy.
2. Consensus safety.
3. Smart Contract Safety.
4. Scalability.
I count four.
(Score: 0) by Anonymous Coward on Wednesday November 29 2017, @06:14PM (3 children)
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
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)
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
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
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)
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.
For some odd reason all scientific instruments searching for intelligent life are pointed away from Earth.
(Score: 0) by Anonymous Coward on Wednesday November 29 2017, @07:01PM
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
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
There... Are... Four... Problems!!! [youtube.com]
(Score: 2, Funny) by Anonymous Coward on Thursday November 30 2017, @05:55AM
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
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
???
makes sense to me.
0. Privacy.
1. Consensus safety.
2. Smart Contract Safety.
3. Scalability.
Account abandoned.
(Score: 1, Interesting) by Anonymous Coward on Wednesday November 29 2017, @06:52PM (2 children)
It also looks like a derivatives platform and we all know how well they have worked out in the past
(Score: 2) by FatPhil on Wednesday November 29 2017, @09:41PM
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 1, Touché) by Anonymous Coward on Wednesday November 29 2017, @10:09PM
The lesson of last bubble is that there will be another bubble.