Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
Ethereum is one of the most fascinating and impactful projects in the crypto space. By bringing in the idea of programmable blockchains, Ethereum pretty much ushered in the era of smart contract platforms. Now with Ethereum 2.0 just around the corner, let’s familiarize ourselves with Ethereum code.
What code is Ethereum written in? How to code Ethereum smart contracts? What are ERC-20 tokens? Let's answer all these questions in this guide.
Vitalik Buterin, a Russian-Canadian programming prodigy, first released the Ethereum whitepaper in 2013, describing it as a platform that can accommodate decentralized applications (Apps). Ethereum has a long list of co-founders and was coded using– Go, Rust, C#, C++, Java, and Python.
However, when learning about Ethereum code, this is not the main information that most developers are looking for. The truly fascinating aspect of...
Smart contracts have pretty much become an integral part of the “blockchain offering” alongside cryptocurrencies. However, we are at a weird conjuncture wherein we are either overestimating or underestimating the real capabilities of smart contracts. In this article, let’s gain a clear perspective of what they are and how they can revolutionize different industries and sectors as we move towards the future. So, how do smart contracts work? Let’s begin with the basics.
How do you define contracts in the legal world?
Traditional contracts are human-readable, agreements between two parties. The agreements stated in the contract are a set of agreed-upon terms. Usually, one party needs to fulfill some tasks for the other party in exchange for a payment. A lawyer oversees this entire contract.
As you can imagine, this third-party acts as an obvious point-of-failure in the entire agreement. The only way that either of the...
As you are probably aware, we are on the verge of an Ethereum revolution, colloquially known as ETH 2.0. This upgrade is going to bring in a lot of innovations to the popular Ethereum protocol.
We have covered two of the most significant changes - Casper and Sharding - in detail before. In this guide, let's cover another exciting innovation that is going to give the overall scalability a significant boost - Ethereum layer-2 scaling.
Numerous sources have very extensively documented Ethereum's scalability problems. Decentralized cryptocurrencies are inherently non-scalable due to their design issues. Ethereum does around 25 transactions per second, which is pretty abysmal but still marginally better than Bitcoin, which can only do seven transactions per second.
This low transaction throughput happens because of the amount of time it takes to validate and put in a transaction within the block.