Co founder of framework ventures: the success of rollups will consolidate the eth2.0 roadmap and shorten it to phase 1

in CryptoDog3 years ago

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Vance Spencer, co-founder of framework ventures, tweeted that Ethereum has a very strong catalyst this year.

1.By the end of the first quarter, rollup will be fully prepared to make Ethereum network with high throughput and low price.

2.The expenses included in the Berlin bifurcation are burning, and Ethereum is in a deflationary state, which is likely to appear in the third quarter to the fourth quarter.

3.The comprehensive strength of DFI on Ethereum network, and the V2 / V3 protocol versions (uni, SNx, yfi, sushi, curve) to be released on Ethereum network.In addition, rollups (and its success) will consolidate the eth2.0 roadmap and shorten it to phase 1.

The main contents to be implemented in the roadmap of Ethereum 2.0 in 2021 are as follows: "merging" between eth1 and eth2, slicing and specific content related to light client.

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The current problem of Ethereum is the problem of throughput expansion. In particular, this year, the network congestion has become more and more intense due to the popularity of defi and liquidity mining. The core of Ethereum 2.0 is to solve this problem. In eth2.0, the two expansion solutions of fragmentation and rollup will work together to make progress.If rollup can achieve the efficiency of fragmentation, then this problem will be solved.

Rollup is a two-layer technology, which provides an extension by generating an encryption proof, that is, snark (concise non interactive knowledge demonstration). With rollup, all transaction States and execution will be carried out in the side chain. Ethereum main chain only stores transaction data, so it can greatly reduce the burden of block chain calculation and storage.(rollup has two different forms ZK rollup and optimal rollup, each with different compromises.However, it is very likely that rollup can meet the needs of Ethereumexpansion, and even can be fully delivered before Ethereum 2.0.).

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On January 13, Ethereum developer Tim beiko said that the Ethereum improvement proposal eip-1559 has been basically completed and is expected to be launched this summer.Eip-1559eip-1559 is essentially a solution to the pricing mechanism of Ethereum network transaction. It is one of the most famous bifurcations in Berlin branch. In the design of eip-1559, the basic cost will be destroyed and the miners can not obtain it. This mode will reduce the number of eth to a certain extent, thus driving the price of eth up and providing eth with more solid value support.At the same time, its launch can avoid some cost peaks, which will improve the user's experience when paying for gas.

Uniswap mentioned inthe 2021 roadmap that it is necessary to improve the ability of automatic market making and make great progress in v3.At the same time, we are committed to exploring expansion solutions.Synthetix (SNx) plans to develop V3 version in 2021, and will add a new SNx pledge mechanism.Sushiswap indicated in the released 2021 roadmap that it will move to a new domain name to support IPFs, and will select ZK rollup as the layer2 support solution.

This year, with the implementation of new versions and new projects ofeach circuit, the scale of profi on Ethereum network will inevitably continue to expand, which will become a good catalyst for the development of Ethereum. By the end of 2021, if smooth, Ethereum 2.0 will break through the bottleneck and usher in a new round of development.Success or failure lies in expansion.

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