Danksharding

Danksharding represents the crucial path towards achieving true scalability for Ethereum, necessitating several essential protocol upgrades to be implemented. Proto-Danksharding serves as an intermediate milestone on this journey, with the shared objective of optimizing Layer 2 transactions to ensure cost-effectiveness for users.

The ultimate goal is to scale Ethereum to handle more than 100,000 transactions per second, a significant advancement in its capabilities.

More Definitions

Distributed Ledger

A decentralized network's distributed ledger is a database that is updated and synchronized across numerous nodes or computers. Without the requirement for a centralized authority, it enables participants to securely and transparently record, preserve, and amend transactions or data. Blockchain systems are based on distributed ledger technology, which offers an unchangeable and impenetrable record of all network activity.

Directed Acyclic Graph (DAG)

A data structure called a Directed Acyclic Graph (DAG) is used in blockchain technology and computer science to organize and represent information without cycles or loops. It is a graph in which no pathways lead back to the beginning point and where edges have a distinct direction.