Whether the community can make Ethereum 2.0 happen isn’t just important for crypto speculators and blockchain nerds: it may just go to the very heart of how society is run.
To understand the hype around Ethereum, you first need to understand the hype around blockchains in general, and then what makes Ethereum different.
Each kitty’s uniqueness is verified on the Ethereum blockchain using a special kind of token, and players can buy, sell, or “Breed” cats using Ether.
Ethereum’s mission, in Buterin’s view, is to reach the estimated 1.7 billion adults around the world who don’t have a bank account or access to a mobile money provider.
Slated to be part of Ethereum 2.0, together they promise to dramatically boost the system’s capacity to handle transactions without sacrificing its resilience-and substantially reduce the carbon emissions from Ethereum’s growing network of power-hungry computers.
Ethereum 2.0, Buterin says, will be able to handle transaction volumes a thousand times larger than the current version, enabling it to truly become the world computer he envisioned.
None of the foundation employees, developers, and other attendees I speak with at Devcon express doubt in Buterin, or in the prospects for Ethereum 2.0.
This article was summarized automatically with AI / Article-Σ ™/ BuildR BOT™.