These are exciting times to be involved in the world of digital currencies and blockchain technology. The first day of Ethereum DevCon1 Conference in London is behind us, and what a great day it was! Even for non-developers like myself, events like these show you how powerful an idea can be and how willing people are to lend a helping hand.
As you would come to expect from any project or currency focusing on the digital space, there is a lot of research to be done. Not just regarding what new and exciting projects and services can be developed sooner rather than later but also regarding regulation, putting ideas into concepts, and so much more.
Day one of the Ethereum DevCon1 Conference in London touched upon the subject of research by looking at it from various angles. Similar to other blockchain-based projects, scalability remains a key point of focus to bring these ideas to mainstream consumers. However, there is a lot of technical background involved in all of these ideas, which means most people will still look at projects like Ethereum as “being a niche”.
Nothing could be further from the truth, however, as Ethereum is a vibrant community where many bright ideas will be coming to fruition over the next few months. There are a ton of developers active in the Ethereum community, all of whom are seeing the benefit of using this technology over what Bitcoin is currently offering.
New concepts such as smart contracts, revising the entire system of Proof-of-stake, integrating zk-snarks into Ethereum, and much more, was discussed yesterday. All of these topics will be touched upon on this website over the coming few weeks, so make sure to keep an eye out for that.
Gibson Hall is a great venue for an event like Ethereum DevCon1. There are spacious rooms, plenty of seats for all attendees, and super-friendly staff. The food is great, there is a small courtyard/garden where people can network, and the overall atmosphere is positive. In fact, it is more enjoyable than some of the Bitcoin conferences I’ve attended so far.
Day Two Is All About DApps
Decentralizing the world as we know it goes much further than just looking at the financial aspect of things. The sharing economy is a great example of how traditional services can be disrupted and decentralized in their own way. But all of the applications we use on our smart devices need to be centralized as well, and that is where Ethereum can play a big role.
Decentralized applications – also known as DApps – are vastly different from tools we use right now, such as Facebook, Soundcloud, or Gmail. In fact, the apps we use today are all very centralized, and their business models revolve around gathering as much user data as they possibly can. DApps will change this entire concept, and offer privacy, unlike anything we have experienced as of late.
Day two of Ethereum DevCon1 will focus on Dapps: how they are created, why they are needed, how the blockchain plays a part in creating these DApps, et cetera. It will be another exciting day as the schedule is jam-packed with speakers looking at DApps from different angles.
Source: Ethereum DevCon1 Conference 2015
Images courtesy of Ethereum, Shutterstock