Ethereum is one of the most famous and widely used smart contract platforms based on blockchain technology. However, it could go through some modifications and developments if it wants to achieve more compatibility. The main items of further compatibility needs for Ethereum seem to be:
- Scalability: One of the fundamental issues that Ethereum faces is scalability. Currently, the Ethereum network faces limits on the number of transactions it can process per second. For more compatibility, Ethereum needs to increase the maximum transaction capacity and increase the processing speed.
- Transaction Fees: Currently, transaction fees on the Ethereum network can be relatively high, especially if the blockchain network is congested. It is ideal for greater compatibility, reducing transaction costs and increasing usability if the number of users and transaction volume increases.
- Security: Security is one of the critical factors in smart contracts. Further improvements to Ethereum could provide security improvements and address potential security issues. Increasing security can increase trust in the use of smart contracts and attract the largest number of developers and users.
- Support for sub-provisions (Layer 2 Solutions): Sub-provisions or the second layer are solutions that operate on the main blockchain and provide capabilities such as scalability, high speed and lower cost. For more compatibility, Ethereum could improve support for sub-provisions such as Raiden Network, Plasma, and Optimistic Rollups. These sub-offers add features such as faster transactions, lower fees, and higher scalability to the Ethereum network.
- Stability: Another need for greater Ethereum compatibility is network stability. Due to changes in the price of Ethereum rules and issues related to hard forks, research and development is important to improve the stability of the network.
- Honesty and Transparency: Ethereum can do part of its effort to increase honesty and transparency in smart contract processes for greater compatibility. More information about transactions, asset movements and contract performance are publicly available.
- Support for specific uses: Ethereum can achieve greater compatibility by providing special capabilities and support for specific uses in specific industries such as insurance, health, real estate, artificial intelligence, etc.
To further improve compatibility, developers and the information community around Ethereum can make the necessary improvements and optimizations through collaboration and joint research and development. These actions could allow for wider use, greater adoption and significant growth for Ethereum.
Ethereum
In general, to make Ethereum more compatible, the following can be mentioned:
- Scalability: The Ethereum network needs solutions that allow it to increase the number of transactions that can be processed per unit of time. This can be done by creating second layers, improving transaction algorithms and using new technologies such as sharding.
- Reduced costs: Transaction costs on the Ethereum network may be high due to network saturation and high demand. For more compatibility, reducing transaction costs through improving audit mechanisms, optimizing computing operations and using optimization protocols can be considered.
- High speed: Processing transactions on the Ethereum network can take a long time, especially in congested conditions. For more compatibility, Ethereum needs to increase the processing speed so that transactions can be done quickly and the user experience can be improved.
- Maintaining security: Security is one of the most important challenges in blockchain networks. To be more compatible, Ethereum should use things like strengthening encryption, improving transaction verification mechanisms, and protecting privacy.
- More education and awareness: More education and awareness about Ethereum, its capabilities, capabilities and available solutions to the community of developers and users can facilitate greater adaptation. It includes training resources, complete documentation and proper technical support.
- Cooperation with other industries: For greater compatibility, cooperation with other industries that use Ethereum smart contracts
