Ethereum News – All You Need To Know About Blockchain-based Technology

Ethereum Developers

Ethereum News – All You Need To Know About  Blockchain-based Technology

Ethereum has been described as an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.

It is written in Go, C++, Rust, Solidity and the platform is x86, AMD64, ARM. Ethereum was first released in 30th July, 2015.

Its operating system includes Linux, Windows, macOS, POSIX and Raspbian.

Ethereum (ETH) developers have recently discussed the most significant upcoming updates to the ETH network at Ethereum Core Devs Meeting #40 that took place Friday, June 15th, 2018.

The key point of the recent meeting is rescheduling the releases of two main Ethereum chain upgrades such as Casper and sharding which is the trending Ethereum News. Casper was meant to be released as a smart contract separately from the sharding upgrade. The new proposals suggest that Casper may be released on a shard, or a sidechain instead.

Sharding, announced by Ethereum’s co-founder Vitalik Buterin in April 2018, is a method of increasing the number of transactions that a blockchain can process. The idea of sharding is that the nodes store just a part of the distributed registry, but each element of sharding i.e. a node can rely on the information of others.

Casper FFG was first published in October 2017, as a “proof of stake (PoS)-based finality system which overlays an existing proof of work (PoW) blockchain.” It intended to solve “open questions of economic finality through validator deposits and crypto-economic incentives.”

According to Bloomberg, Chris Concannon, CBOE Global Markets president said the Ethereum (ETH) futures, which the company has been “considering” since December 2017, could soon be offered.

Check Also – Ethereum Will Achieve 1 Million Transactions Per Second – Vitalik Buterin

Following up Ethereum News will reveal that Concannon’s comment comes after the news that a senior U.S. Securities and Exchange Commission (SEC) official stated that leading altcoin Ethereum will not be regulated as a security.

CBOE’s president said that the SEC’s stance could mean that the US regulator would allow the options exchange to add Ether futures to their portfolio:

“We are pleased with the SEC’s decision to provide clarity with respect to current Ether transactions. This announcement clears a key stumbling block for Ether futures, the case for which we’ve been considering since we launched the first Bitcoin futures in December 2017.”

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