Blockchain
By Maheen Hernandez
1 / 15
Ethereum (ETH) Testnet
2 / 15
Vitalik Buterin, Ethereum Co-Founder expressed that they are looking for a commitment scheme to commit to a list of N Values (think N ~= 2**28) and he has also defined the…
3 / 15
Vitalik Buterin tweeted: “To any interested cryptographers: this continues to be one of the more valuable not-yet-solved problems in making an optimal scalable blockchain.
4 / 15
With the goal for the “open problem: ideal vector commitment” clearly defined he stated that they have construction which mostly satisfies these goals.
5 / 15
He stated that their goal is to have a ready construction that can be used for state storage constructions, eg. Multi-layer hashmaps for state storage.
6 / 15
Buterin also added, I should add that the current best candidate construction we have is just a SNARK/STARK over a Merkle tree. Anything that beats that would be amazing.
7 / 15
Despite Vitalik excused Trolls from participating one of the commentators expressed, “Put some cash on a prediction market claiming it won't be solved.”
8 / 15
Sydney Ifergan, the crypto expert tweeted: “Ethereum (ETH) have published Testnet Rollout Plans, early adopters, and path towards mainnet. “
9 / 15
Ethereum to deliver is feeling more urgent than ever. Over the past 4 months, they have been working hard and there were lot of memes and messages, which kept them…
10 / 15
There has been an overwhelming demand for the roll out of a plan and they have decided on a gradual release plan.
11 / 15
The first volunteers are Synthetix who are incentivizing the testnet usage providing 200,000 SNX in rewards to their users for participating.
12 / 15
“The testnet is currently open for public use, but not yet for public contract deployment.”
13 / 15
Reportedly, there will be Phase A, Phase B, Security Drill, and Phase C.
14 / 15
More of early adopters will be getting integrated in the process and they will be ready to deploy the sooner the full testnet is running.
15 / 15
They have concluded stating, projects which wish to join Synthetix, Uniswap, Chainlink and others as a part of their early adopter cohort can sign up.
The Currency Analytics
Want the full story?