Watch / Putting Eth2.0 To Work

Putting Eth2.0 To Work

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Putting Eth2.0 To Work

Duration: 00:19:44

Speaker: Alex Stokes

Type: Talk

Expertise: Intermediate

Event: Devcon 5

Date: Oct 2019

There is much excitement around Ethereum 2.0 but given the fast pace of the project it can be hard to keep up. The relationship between today's Ethereum and the new system can be murky: does eth2.0 replace eth1.0? And where does eth1.x fit in?This talk answers these questions by sketching the lesser known ways eth2.0 can directly benefit Ethereum 1.x. The two systems in fact complement each other as each phase of eth2.0 paves the way for tangible benefits to the network we all know and love. With Phase 0, we can upgrade Ethereum with the finality gadget, leveraging the proof-of-stake consensus to provide better security for the existing chain. With Phase 1, the proof-of-work chain can use the data-only shards to enhance the scalability of L2 solutions like zk-rollup and Plasma. With Phase 2, we can bring existing dApps into the realm of highly scalable smart contracts on shards with an upgraded virtual machine.Participants will gain a better understanding of the many ways eth2.0 can help scalability in the near term and onward into the future. While the journey there may be dynamic and winding, it is clear that the future of Ethereum is bright.

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Alex Stokes

Founder

Alex Stokes (@ralexstokes on all the things) is a cryptoeconomist who has been studying blockchains since 2011 while at Princeton University. He thinks that governance is the biggest challenge blocking the widespread adoption of these systems and spends his time leading the discourse on how we can best collectively use the "decentralized commons". He gives frequent talks on the subject to help spur the conversation with recent engagements at DISCON 2018 and RChain's Devcon RCon3. Outside of his work on governance, Alex is an active open source contributor to projects like Casper and Vyper. He believes that token markets and AI ethics have more in common than it may at first appear ;)

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