According to Vitalik Buterin, Plasma and Sharding could Beat Ethereum by 10,000x – Bitcoints

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Published on June 3rd, 2018 | by bitcoin

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According to Vitalik Buterin, Plasma and Sharding could Beat Ethereum by 10,000x

According to Vitalik Buterin, Plasma and Sharding could Beat Ethereum by 10,000xLayer #1 — Sharding
Vitalik explained that Sharding is a layer one scalability solution, which is designed to directly improve the existing blockchain — essentially making it work a lot better.
Currently, every node running on the Ethereum network needs to process every transaction going through it.
Layer #2 — Plasma
Plasma, on the other hand, is designated to be a layer two scalability solution — which doesn’t improve the blockchain itself.
Simply put, the idea of Plasma is to allow the Ethereum blockchain to continue handling smart contracts while only broadcasting completed transactions.
The post Vitalik Buterin: Sharding and Plasma Could Scale Ethereum by 10,000x appeared first on Bitcoinist.com.

Source: Digitalmoneytimes.com

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