How Layer 2 Is Primed To Solve Scalability Issues of Ethereum before the Launch of ETH 2.0
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As a report has it, the volume of decentralized exchange (DEX) on Ethereum (ETH) of 2020 is closer to surpassing all of 2019’s accumulated volume.

The new development was shared by the Product Marketing Manager at Set Protocol, Anthony Sassano, via his official Twitter handle some hours ago.

According to the report inferred from the data provided by Dune Analytics, the DEX on Ethereum is experiencing a significant increase in volume. The total DEX volume for 2019 is approximately $2.4 billion, while the first 4 months of 2020 has already recorded a volume of $2 billion.

Anthony Sassano shared this, “4 months into 2020 and total DEX volume on Ethereum has already almost passed all of 2019’s volume. Total DEX USD volume for 2019: ~$2.4 billion Total DEX USD volume for 2020 (so far): ~$2 billion.”

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Vitalik Buterin Says Blockchains Are an Example of Self-Defense Tech

The Co-founder of Ethereum (ETH), Vitalik Buterin, has stressed cybersecurity projects and the role of blockchain self-defense tech in reducing the impact of DoS and hacker’s attack. Buterin shared this thought in a series of tweets some hours ago.

He said:

Have any “state capacity libertarian” types proposed a Manhattan project for cybersecurity? Pour $1-10B into Qubes-style secure operating systems, formal verification, auditing/hardening all major software libraries, etc.

There’s a very plausible case that improving self-defense tech is strongly pro-freedom long-term; it takes the wind out of more centralized alternatives, which often involve doing more snooping and trying to rat out all the world’s bad guys.

In response to his points, Misha Lederman, the Director of Communications and Marketing at TronWallet asked as follows:

“Honest question: how would you envision Ethereum or any other decentralized blockchain network being utilized for such an endeavor?”

Responding to his question, Vitalik Buterin made a brief clarification of the role of blockchain technology in terms of self-defense.

He said:

Blockchains are absolutely an example of self-defense tech; moving from centralized record keeping to blockchains reduces attack surface to hacking and DoS.

Even moving things like conference registration to smart contracts is an example of this; no more server, and no more risk of non-atomicity.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.