Into the Ether Prodcast Host Says Ethereum to Focus on Layer 2 Blockchain Scaling Solutions in 2019
Eric Conner, an analyst, and member of the Ethereum online community believes that most activities on the blockchain network will focus on layer 2 scaling solutions. Eric issued this stance through a post on Twitter.
2019 is going to be the year of layer 2 scaling for Ethereum.
— eric.eth (@econoar) January 6, 2019
Some of the features that are being lined up for introduction or improvement are Plasma and the Raiden Network. Indeed, the Ethereum Foundation has demonstrated support for projects that look to improve scalability on the Ethereum network. Recently, the organization released a $5 million grant to Parity technologies.
The increasing number of DApps on the Ethereum network calls for an improvement of the blockchain’s scaling capabilities. In 2017, the inadequacy of the Ethereum network’s scaling solution became apparent after the introduction of CryptoKitties game almost crashed the entire blockchain platform.
One of the main objectives of the Ethereum project is providing a platform for the development of DApps that can solve problems facing various sectors of the economy. This, however, will remain a distant dream if the network remains unable to accommodate a large number of users at a given time.
It is evident that the Ethereum Foundation knows that the blockchain needs to sort out its scaling challenges. In fact, a substantial number of developers currently prefer the EOS blockchain over Ethereum because of its better scalability. This trend is expected to continue until Ethereum proves that its network can scale effectively.
The Ethereum Foundation is hopeful that the $5 million grant issued to Parity technologies will inspire other developers to create scaling solutions for their blockchain network. In a corresponding blog, Parity Technologies declared that the money will be used to assist with the improvement of scaling solutions, as well as the development of other functionalities.
According to the Ethereum Foundation, Parity was chosen because of its enormous contributions to the development of the Ethereum blockchain through the years. Another factor that influenced the selection of Parity is that they are a self-financed organization.
Besides scaling, the Ethereum Foundation has stated its intentions to support the development of sharding solutions, improvement of infrastructure and introduction of light clients.
All in all, 2019 promises lots of activity on the Ethereum network, starting with the eagerly-awaited Constantinople hard fork.