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Ethereum 2.0 Casper and sharding: developer updates released

Anvita M V

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Ethereum 2.0 Casper and sharding: developer updates released
Source: Unsplash

Prysmatic Labs, a team of blockchain engineers committed to scaling Ethereum, recently published a development update on their open source sharding client for Ethereum 2.0 Casper.

This week’s development update is a follow up of their previous update which deals with inefficiencies of cross-shard communications. The team had addressed the canonical “Hotel and train Problem” that occurs in cross-shard communications. As explained by Raul Jordan, a developer  at Prysmatic Labs in one of his recent interviews:

“[Hotel and train problem] which is that if you book a train and you book a hotel, you want both to go through or none at all. You don’t want to end up stuck with the hotel going through, but not your train or the train going through and not you’re hotel.”

Applying the same in the context of Ethereum, the developer further explained, if  there exists Transaction A that lives on one shard and depends on another Transaction B’s finalizing, residing on another shard, having different latencies, different parameters, different types of nodes traversing on them, there exists a chance of the whole system breaking down if one goes through and the other one does not. He also added that someone’s account on the network may end up receiving more Ether than what he/she actually owns. This whole scenario can create a major issue throughout the chain, he explained.

In their earlier report, the team also discussed how the aforementioned problem could be resolved using the concept of  ‘Cross-shard contract yanking’ explained by Vitalik Buterin in one of his recent sharding research post.

Vitalik Buterins proposal of Cross-shard contract yanking | Source: Ethereum official research page

Vitalik Buterins proposal of Cross-shard contract yanking | Source: Ethereum official research page

However, in its current report, the team further stated that the ‘Cross-shard contract yanking’ was imperfect in terms of accommodating latencies. The team was looking to offer cross-shard communication in one single transaction. As a solution they looked back at Vitalik Buterin’s latest sharding research post titled ‘Simple synchronous cross-shard’ transaction protocol.

In his post, Buterin explains that in order to achieve a single cross-shard communication transaction, it requires data and state separation due to the possibility of reorgs [block reorganizations].

Buterin: Simple synchronous cross-shard transaction protocol | Source: Ethereum official research page

Buterin: Simple synchronous cross-shard transaction protocol | Source: Ethereum official research page

Discussing Vitalik Buterin’s recent take on level-2 solutions, the team stated:

“At Prysmatic Labs, we stand right at the crossroads of all these important onsiderations. We take it very seriously as a mission within our team to build a robust protocol for Ethereum moving forward that can last the test of time.”

In the next section of the document, the team briefly explained the GitHub pull requests, merged codes and issues that were addressed or will be addressed in the future. The team has successfully aligned the codebase with its latest 2.1 specifications. The team went on to elaborate, how it has developed a solution for Beacon nodes to bootstrap from a genesis state.

Beacon nodes are random sidechains developed by the Prysmatic Lab team that stores hashes to main chain blocks in its own blocks. According to them, this sidechain will be a full “Proof of Stake” system that will implement Casper FFG and will provide a source of distributed randomness that allows the team to build a sharding system on top of it.

In the next section, the team mentioned that a DAG [Direct Acyclic Graph]  will store information of incoming blocks and its state. Moreover, as an improvement, one of the team members introduced a solution, which made the system go easy on memory requirements. The report read:



“Nishant Das from our team then took the initiative to improve the system and instead store all processed, incoming blocks into persistent storage and only keep a simple, in-memory slice of block hashes we have yet to process for the latest slot number and then apply the fork choice rule easily.”

The team also revealed that new and exciting developments are in the waiting for implementation in beacon chain v2.1 specification. The team also integrated a functionality within the beacon nodes to allow it to save blocks and states in the database.

The team’s upcoming work includes implementing a Peer to Peer [P2P] message interaction between Validators [Proposers/Attestors] in order to exchange information. Furthermore, they will also be working on advancing the Beacon Chain from Genesis without the use of a simulator. They stated:

“Currently, we have a simple simulator that broadcasts fake, test blocks in order to test the advancement of the beacon chain for development purposes. In order to get to a meaningful demo, we want the chain to advance properly through real proposals and attestations from genesis using a beacon node and a validator client connected via RPC.”





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Anvita Mysore Vadiraj is a full-time content writer at AMBCrypto. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies.

Bitcoin

Bitcoin Dominance Index [BDI] falls short of Bletchley Ethereum Token Index [BETI] in 2019

Biraajmaan Tamuly

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Bitcoin Dominance Index [BDI] outperformed by Index based on the Ethereum blockchain in 2019
Source: Pixabay

One of the key factors which is often used to represent or indicate the potential of a particular cryptocurrency’s growth is its market capitalization. When the market capitalization of a coin or token showcases a positive hike, it usually has a positive impact on that particular asset’s market.

According to LongHash, the Bitcoin Dominance Index [BDI], which is used to measure Bitcoin’s market cap had been the dominant index since the beginning of 2019. It was observed that the BDI improved from 53 percent to 58 percent over the past few weeks after the largest crypto-asset underwent multiple price hikes.

XRP, which dominated Bitcoin by 1,600% back in 2017 on cryptocurrency exchange Bittrex in 2017, was currently down by almost 50% against Bitcoin in 2019. Ethereum [ETH] fared better comparatively, but was still down by 14% against the Bitcoin.

However, the Bletchley Ethereum Token, a token built on top of Ethereum, seemed to have outperformed Bitcoin this year.

The Bletchley Ethereum Token Index [BETI] can be utilized by investors for their allocation to tokens placed on top of the Ethereum blockchain. However, it should be noted that Ethereum is not a part of the index as it is an independent entity. The BETI is a weighted index, which means that the tokens with dominant market caps will take up a larger part of the index and the re-balance will take place at the end of a particular month.

For example, Tron [TRX] and Binance Coin [BNB] currently take up more than half of the BETI’s Weighted Index. Since the launch of their DEX, BNB has enjoyed a lucrative year with multiple hikes bringing the coin to $30 from under $6. Tron also witnessed major growth in market cap as it was up by 40% in comparison to the US dollar.



However, it is important to note that the major tokens on the BETI’s weighted index have all launched their own blockchain, at press time. Hence, it can indicate that the dominance enjoyed by BETI over the BDI over the last few months could point to a situation where the Ethereum blockchain was preferred for the launch of various tokens.

Despite the aforementioned reason, it is safe to state that Bitcoin was not the only entity which dominated the crypto-space this year.





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