The Currency Analytics
By Maheen Hernandez
Ethereum (ETH) Active Address Increased by 154%
Vitalik gave a quick recap of the short and medium term of Ethereum Scaling. It provides for 1. Ultra-high scaling with sharding + rollups will be possible *in phase 1* 2.
Vitalik.eth tweeted: “The original ETH2 roadmap was created with 3 phases: 0. PoS (this is the one that's coming very soon) 1.
In Vitalik’s own words: Currently, we have ~15-45 TPS. Rollups offer a ~100x increase in throughput. Sharding offers a ~64x increase.
But the roadmap has an interesting unintended artefact: sharded applications by themselves need phase 2.
So it's not "rollups instead of sharding", it's "rollups on top of sharding". That said, rollups are already here or coming soon even before sharding, and rollups without…
Lightclients has a compelling take that rollups and sharding-of-tx-execution are actually *very similar* mechanisms.
Sydney Ifergan, the crypto expert tweeted: “Ethereum (ETH) is progressing. No matter what their back end issues and gas prices are, I see it is still many people’s favorite.”
The numbers of Ethereum Daily Active addresses have increased by 154% in Q3 when compared to Q2 2020.
Year 2020 is the year of DeFi for Ethereum. It is expected that several major events are occurring and it is expected that Ethereum is set to be more important than now.
Meanwhile one of the ETH users has raised a concern which goes like, in a world where everyone moves to L2, isn’t there a risk of destroying the value of Ether, hence…