Blockchain developers continually enhance the Ethereum network. One significant upgrade, Ethereum sharding, addresses the high gas fees issue 🚀💰.
Ethereum Sharding Overview: Ethereum sharding divides the network into several “shards,” each with specific functions and smart contracts, operating independently. This segmentation is meant to bolster Ethereum’s future and attract more users 🌍🔗.
Ethereum Upgrade Journey: Initially, Ethereum employed the Proof of Work. To enhance efficiency, a long-term upgrade process was initiated involving Beacon Chain, the Merge, and Shard Chain. In 2022, Ethereum transitioned to Proof of Stake during the Merge phase. However, significant gas fee reduction is anticipated during the sharding phase 🔄✨.
What is Sharding? Sharding is a database technique that speeds up processing time by distributing data across multiple machines. In Ethereum, sharding divides large blockchains into smaller nodes, enhancing blockchain security. This means faster storage requirements and transaction speeds 💻⚙.
How it Works: Transactions are processed in chains, linking up to 64 databases, with about 128 validators confirming transactions every 12 seconds ⛓⏲.
Reducing Gas Fee: Ethereum’s gas fee issues are expected to be resolved during the sharding phase. Combining sharding (an on-chain solution) with rollups (off-chain) breaks down transaction data. The goal is to boost Ethereum’s capacity from 13 TPS to 100,000 TPS, which will drastically reduce gas fees 📉💸.
Benefits:
Maintains Decentralization: Sharding allows running nodes without changing the database size, preventing centralization 🌏🛡.
Increased Participation: Individuals can run nodes even on mobile phones, promoting wider participation 📱🤝.
Enhanced Efficiency: Sharding promises faster transactions, rivaling platforms like PayPal in speed. New approaches like dank sharding (EIP-4844) further enhance efficiency ⚡🚄.
Security: There are concerns about potential security breaches due to sharding. However, measures like random validator sampling and protocols like EigenLayer ensure heightened security 🛡🔒.
Implementation Timeline: Sharding has been in the Ethereum 2.0 blueprint for a while. In February 2024, a danksharding prototype was promised by year-end, with over 50,000 contributors involved 📆🛠.
Conclusion: While Ethereum sharding is yet to be fully realized, it promises scalability and reduced gas fees. With the shift to Proof of Stake, its integration seems more feasible than with the previous Proof of Work system 🌟🔮.
To dive deeper, check out the complete article: https://droomdroom.com/what-is-ethereum-sharding/
