The proposed Ethereum 2.0 by creator of Ethereum, Vitalik Buterin, has been the major focus of cryptocurrency observers lately. As the idea of Ethereum completely moving to ETH 2.0 becomes the center of attention this time, cryptocurrency experts are either supporting the innovation or antagonizing it.
The topic has also been discussed by Weiss Crypto Rating, the home of “unbiased cryptocurrency rating”.
In a recent comment, Weiss said notable cryptocurrency projects like Cardano and Hashgraph have seen a reason for Sharding, however, none of them have figured out the modes of implementing it except Ethereum, and the Vitalik Buterin’s project may lead others in the implementation.
Weiss opined that through Ethereum 2.0, it may be easy for the Ethereum project to implement sharding as fast as possible.
“Only a few crypto development teams — #Cardano, #Hashgraph and now, #Ethereum — have even figured out how #sharding might be done in theory. None of them has actually implemented it in the real world. Ethereum 2.0 may soon become the very first to do so.”
Meanwhile, it is not true that Ethereum 2.0 will be the first to introduce sharding, Apollo Currency became the first to implement sharding in the cryptocurrency industry.
Charles Hoskinson Says Ethereum 2.0 Catastrophic
A few days back, Cardano founder and CEO IOHK, Charles Hoskinson observed that ETH 2.0 has the tendency of creating problems for the Ethereum network.
The researcher said ETH 2.0 will inflict the problem of Ethereum having two tokens to watch over at some point.
While the observation is nothing but truth, it is not clear if Ethereum developers already have a solution to the problem of two token, which experts say is impossible to curtail at the early launch of ETH 2.0. A similar occurrence happened when Dai was hacked.
What is Sharding?
Sharding, also called Shard, is the Horizontal partition of data in a blockchain database. Every single partition is referenced as shard, blockchain shard, or database shard. Shards are kept in a distinct database server to spread out its load, capacity.
Over the years, experts have been advocating that blockchain projects implement sharding, considering that it improves safety and performance.