Crypto News

Improving Transaction Times Buterin has proposed two new concepts for improving transaction speeds on Ethereum: sharding and Plasma. These methods aim to reduce the burden on the main Ethereum network by dividing it into smaller, more manageable sections. This will allow for more transactions to be processed simultaneously, resulting in faster confirmation times. Sharding Sharding involves breaking up the Ethereum blockchain into smaller pieces called "shards." Each shard will contain its own set of transaction data and will be responsible for processing a portion of the total transactions. This will distribute the workload and significantly increase the network's capacity, potentially allowing for millions of transactions per second. Plasma Plasma is a second-layer scaling solution that operates as a network of "child" blockchains connected to the main Ethereum blockchain. These child chains can process transactions independently, with only the final res...