Uploaded on May 30, 2020
Want to learn everything related to Ethereum? This article explains the concept of Ethereum, covers apps built on this platform, and focuses on challenges in building its infrastructure. So let's get started.
Ethereum and Challenges in Building its Infrastructure
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Ethereum And Challenges In Building Its
Infrastructure
Want to learn everything related to Ethereum? This article explains the concept of
Ethereum, covers apps built on this platform, and focuses on challenges in
building its infrastructure. So let's get started.
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The Concept Of Ethereum
Ethereum is defined as a network of computers that operates as a decentralized
platform without requiring any computing function. It offers a platform to Ethereum
developers where they can write codes and create dApps (decentralized apps)
that are globally accessible. To put its definition in a simpler term, we can say that
it is a distributed public blockchain network and a second-most known
cryptocurrency after Bitcoin.
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With the growing demand to learn this platform, various online courses and
training sessions impart certification courses to make you an industry-ready
Ethereum Expert.
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Top Ethereum -Based Applications
Before we discover the challenges, let’s have a quick look at the top Ethereum-
powered applications.
GitCoin, an Ethereum based platform, pays individuals for working in an open-
source software like Python, Java, HTML, etc. KYC-Chain allows organizations to
verify their customer’s identities and managing the whole customer lifecycle.
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Cent, a user-friendly app, follows a slogan ‘earn income anywhere.’ This
Ethereum-based app offers individuals an income-generating social network by
creating content, sharing their views, and much more. Vevue, an Ethereum app,
monetizes all forms of engagements, thus offers unlimited possibilities to users to
earn money. With this platform, people can place requests for videos and
encourage them to share short videos and make money.
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Challenges with Ethereum Infrastructure
Although Ethereum is full of possible applications, designing its infrastructure
comes with its own set of challenges. Apart from the problems mentioned below,
scalability, flexibility, dealing with block times, parity issues are also the concerns
that one has to deal with while building Ethereum infrastructure. Let's have a look
at the major issues.
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Wallet Initialization- A Prima Concern
Just like Bitcoin networks that suffer from backlogs, Ethereum is no more an
exception. Wallet initialization is the prime concern because if contract creation
transaction is stuck somehow, but the user started sending another transaction at
the same time, then it will be impossible for the Ethereum to fire appropriate
contract events.
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Smart Contracts Difficulties
Debugging smart contracts while using the Ethereum platform is complicated. This
is because it is hard to find out where the transaction failed.
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Connecting Ethereum Requires Manual Efforts
For Connecting Ethereum with the rest of the world, it requires manual effort,
which indicates it adds a burden at the developer end. Moreover, Ethereum
developers have to set up the whole infrastructure via separate Ethereum nodes
that lead to unseen hazards.
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Conclusion
To conclude, we can say that Ethereum has the potential to revolutionalize the
way we interact with the world. But to accelerate widespread adoption, it is crucial
to eliminate the challenges that Ethereum is facing. Technical inefficiencies (as
mentioned-above) need to be eradicated to build a perfect infrastructure.
To get instant updates about Blockchain Technology and to learn more about
online blockchain certifications, check out Blockchain Council.
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Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain
space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
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THANK YOU!
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