Ethereum has been one of the most popular blockchain platforms since its inception in 2015, largely due to its ability to enable the development of decentralized applications through the use of smart contracts. However, as the number of users and applications on the platform has grown, it has become increasingly clear that the current architecture is not capable of supporting this growth in a sustainable way. That’s where Ethereum sharding comes in.
Sharding is a process of dividing a large database into smaller, more manageable pieces, allowing for greater scalability and efficiency. In the context of Ethereum, sharding involves dividing the blockchain into smaller “shards,” each of which can process transactions in parallel, thus increasing the overall throughput of the network.
The Ethereum sharding timeline has been a long-awaited and much-discussed topic within the community, as it promises to significantly increase the platform’s capacity and speed. So, what is the timeline for this much-anticipated development?
Phase 0 of Ethereum 2.0 was launched in December 2020, which laid the foundation for the transition to a proof-of-stake consensus mechanism. The next phase, which is expected to include the implementation of sharding, is set to be rolled out in three main stages: Phase 1, Phase 1.5, and Phase 2.
Phase 1, which is expected to be implemented in 2021, will introduce the first sharded shards, called “data shards.” These data shards will be responsible for storing transaction data and will enable a significant increase in the number of transactions the network can handle.
Phase 1.5, which is expected to be implemented in 2022, will involve the transition from the current proof-of-work consensus mechanism to a proof-of-stake mechanism, and will also introduce shard chains, which will process transactions in parallel. This will be the first step towards fully implementing sharding.
Phase 2, which is expected to be completed in 2023 or beyond, will introduce the full implementation of sharding, including the addition of execution shards, which will process smart contracts in parallel. This will allow for even greater scalability and efficiency, potentially enabling the platform to handle millions of transactions per second.
So, what does this mean for users and developers on the Ethereum platform? The benefits of sharding are clear: faster transaction times, lower fees, and greater scalability, which will make the platform more accessible to a wider range of users and use cases.
Overall, the Ethereum sharding timeline is a highly anticipated and exciting development that has the potential to significantly increase the platform’s capabilities and bring it to the next level of adoption and mainstream use.