Ethereum developer unveils the PoC for sharding: ETC/USD unable to break $225

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  • “It’s really a proof-of-concept of the most core component in my sharding roadmap,” Vlad Zamfir to CoinDesk.
  • Ethereum bulls have a strong grip on the price but still, lack a catalyst to surge higher and sustain the growth.

 One of Ethereum’s developers Vlad Zamfir unveiled the newly created sharding prototype on the Proof-of-Concept consensus (PoC) during the recently concluded Ethereum hackathon EthBerlin. This has been welcome as one of the groundbreaking milestones for the digital asset that has been facing criticism due to smart contracts security and scalability. Besides, Vlad Zamfir other developers associated with the achievement are Tim Beiko and Steve Marx among others.

The PoC code was explained by Vlad Zamfir and showed how smoothly network’s shards would impeccably communicate on the protocol. However, he clarified during a recent interview with CoinDesk that the new achieve is yet to become production ready but its deep into the preliminary stage. Vlad Zamfir explained:

“It’s really a proof-of-concept of the most core component in my sharding roadmap. It prevents the cross-shard atomicity failure, or more specifically, it prevents finalization of cross-shard atomicity failure, so it will never be that a ‘send’ is finalized and a ‘not received’ is finalized.”

The developer’s code was used to show how in future Ether tokens along with their associated messages would move across a blockchain that is shared. Significantly, Zamfir code is already available on GitHub. He added:

“We’re still working on the integration but check back in a week and it should be something where we have instructions and you can follow the instructions and get it running on your computer.”

Ethereum price technical picture

The cryptocurrency market is mixed red and green. Ethereum is trading in the red at the time of press. It is down a subtle 0.66% on a daily basis. During the Asian trading hours, the crypto corrected higher above $220 but turned bearish trimming the gains on reaching $225. The lower corrections broke the trendline resistance but found balance at the 38.2% Fib level between the highs of $224.04 and lows of $210.78. The price tested $241 but the buyers pushed against the bears where Ethereum trade briefly above both the trendline and $220 resistance levels. At the moment, Ethereum has declined again and is trading at $218. The bulls have a stronger grip but they lack the catalyst to sustain upward movements.

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