There’s a lot of news floating around about the Ethereum (available on Coinbase) network this week. Some bad, some good. This article, however, is going to focus primarily on the latter news. 

Ethereum (available on Coinbase) Network to Add Sharding Scaling

Yesterday, the co-founder of Ethereum (available on Coinbase) hinted that sharding scaling is coming to the Ethereum (available on Coinbase) network. He tweeted this to his 747K followers. This would be pretty significant if it were to happen. Why? Because it means the transaction processing capacity on the Ethereum (available on Coinbase) network could soon increase. 

For those who don’t know, sharding is defined as a mETHod that increases the number of transactions a blockchain can process at one time. How does it increase the number of transactions? Well, multiple networks computers break apart the transaction workload, dividing it between one another. This allows for more transactions to occur at the same time. 

Vitalik Buterin, the Ethereum (available on Coinbase) network co-founder, also published a lengthy post on Reddit yesterday. In this post, Buterin gave a proof of concept for the technology. Buterin wrote that he believes that the time it will take to actually process the “shard” blocks should be around 10 minutes. Not everyone understood the Reddit post, however, with some commenting, asking for Buterin to explain in more depth. Others said the mETHod of sharding is simple, but Vitalk Buterin is “on another level.”