Ethereum Devcon1: Expert View of the First Day

Aron van Ammers, Chief Technology Officer and Founder of BlockStars.io, visited the first day of the Ethereum Devcon1 and gave Cointelegraph his view of the most important problems, discussed there. We give you the text as it is.

The focus of the first day of the fully booked Ethereum Devcon1 was focused on research: the future of Ethereum and related technologies. The current live version of Ethereum Frontier, is an early version of Ethereum 1.0. The focus of today's sessions was Ethereum 2.0 and beyond. The 300 attendees of Devcon1 immersed in ideas about what is yet to come.

Aron van Ammers, founder of BlockStars.io

Scaling

If Ethereum is to achieve wide adoption, it needs to scale. Being a general purpose blockchain, scaling Ethereum is arguably more difficult than scaling Bitcoin. As Ethereum is still a young platform there still is a lot of space for innovation.

In a panel discussion on scaling, technical founders and developers of Ethereum discussed several strategies. Vitalik Buterin described a "hub and spoke" model which has similarities with Bitcoin sidechains. Dominic Williams suggested a strategy of verification layers, where only a limited set of nodes will verify transactions a similar level of security can be achieved as to the current way where every blockchain node validates every single transaction.

Later in the day Vitalik Buterin explained a strategy for asynchronous programming that could be applied to achieve interoperability between the public Ethereum blockchain, external blockchains, and even private Ethereum blockchains. This could enable a world of securely interconnected blockchains, opening up a range of possibilities for building decentralized applications with various levels of security and value interaction.

Aaron Davis presented Metamask, a way to access Ethereum DApps from a normal web browser. Projects like Metamask could tremendously lower the barrier to adoption of decentralized applications as users won't have to go through complicated install steps to get their first DApp experience.

Juan Benet, founder of IPFS spoke about the possibilities of IPFS as the layer for a new internet. Because of its decentralized character, IPFS is highly suitable as a component in a decentralized application infrastructure. Use cases include distribution of the DApp itself, storage of encrypted datasets and decentralized content distribution networks (CDN's).

Consensus mechanisms

Blockchains provide a single source of truth, established by consen