Ethereum price (ETH/USD): Developers make progress on sharding plan

Ethereum price (ETH/USD): Developers make progress on sharding plan
Written by:
Michael Harris
29th January 2018
Updated: 11th October 2019

Ethereum has moved closer to implementing a new technology to make the network more scalable, Coindesk has reported.

Ethereum developers have been working on a technology dubbed ‘sharding’, which aims to split the Ethereum blockchain’s data into more manageable parts. According to Ethereum’s founder, Vitalik Buterin, developers are now closer to completing the first phase of the four-phase sharding proposal.

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“It seems like part one of phase one is getting something like being already done,” Coindesk quoted Buterin, as saying in a developer meeting held last week. He also pointed to an initial spec posted on Github, saying that “[i]t’s theoretically a good spec of what minimal sharding is going to look like”.

Looking ahead, Buterin expects that development efforts will likely be focused on stateless clients, a type of software that will allow validators to create Ethereum blocks, without having to store the complete history of the network. He expects the next stage of the plan to be completed in about a month.

“Then from there we’re going to try and shard it into a working test, a kind of test network,” Buterin said.

In other Ethereum news, the cryptocurrency saw some positive price action over the weekend, especially on Sunday, when it hit a near two-week high of $1,257.77. The digital coin closed at $1,246.01, having gained nearly $150 during the session.

In today’s trading, the Ethereum price stood at $1,199.62, as of 11:20 GMT. The cryptocurrency has lost 2.3% of its value in the past 24 hours, according to data from Coinmarketcap.

For further information on how to buy and trade Ethereum, see our comprehensive Ethereum guide.

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