Ethereum: Exploration of Ray Network’s suggestion: To solve scalability and security
Ethereum Blockchain has gained tremendous popularity in recent years, attracting a wave of new developers, investors and users. Although the scalability and security problems have long been discussed, a proposal has been made to deal with these concerns and a significant improvement in the performance and usability of the network.
What is Ray Network?
Simply put, the lightning network (LN) is a decentralized payment system that allows fast and low -cost transactions between users, depending on traditional payment networks such as banks. This is achieved by using a network of nodes called “lamps” that act as a mediator to facilitate transactions between users.
What problem do you try to solve?
The main problem affecting the scalability and safety of Ethereum was the congestion problem, where high transactions cause delays and higher proportions. As more and more users are connected to the network and participate in frequent transactions, the network is increasingly crowded, resulting in slower locking times, higher proportions and a reduction in usability.
To solve the problem, the lightning network proposal strives to introduce new functionality that allows users to have fast and low -cost transactions without directly interacting with the Ethereum blockchain. This is achieved with a new approach called “Layer Scaling”, which, in addition to the existing Ethereum network, allows transactions from a faster and cheaper chain.
The most important features of the Ray Network proposal
The proposed radiation network consists of a number of key features that include:
- Layer scale 2 : A new layer of functionality that allows users to quickly and low -cost transactions without demanding that they interact directly with the Ethereum blockchain.
- Lamp points
: Small nodes that act as mediators between users, allowing the chain’s fast and secure transactions.
- Out -of -chain transactions : Fast and low -cost transactions are carried out directly outside the chain without going through the need for network congestion.
- Decreased interest rates : The lowest transaction rates allow the light network to be more frequently and more generally accepted.
What follows?
The proposal for the lightning network is still in the early stages, but has already attracted considerable interest in developers, investors and users. As technology develops further, we can expect more scalability and improvement and improvement.
In summary, the lightning network proposal is an exciting step forward in developing the Ethereum ecosystem. When it addresses a network congestion problem and introduces a new functional layer for fast and low cost transactions, Ray Network can significantly improve the usability and performance of the Ethereum blockchain.