TY - GEN

T1 - Ethereum Marketplace Creation: Scaling, FT vs NFT in Theory, Cross-Chain and Splitting Experiments

AU - Лаврова, Анастасия Кирилловна

AU - Корхов, Владимир Владиславович

AU - Лаврова, Альбина

PY - 2024

Y1 - 2024

N2 - Ethereum is the most popular altcoin today. It is a platform for large decentralized platforms and thousands of DApps. It was this blockchain that gave the crypto community such technologies as NFT and DAO. On September 15, 2022, Ethereum switched to the Proof-Of-Stake consensus algorithm. In this article, we review the existing blockchain architecture and token standards, compare the difference before and after the transition, identify existing problems, and review existing solutions. We evaluate the performance of FT and NFT creation; consider the solution to the Ethereum scaling with ZkSync; evaluate alternative platforms for creating tokens such as Open Sea or switching to other blockchains like Polygon, Fantom or Binance Smart Chain using cross-chain bridges.

AB - Ethereum is the most popular altcoin today. It is a platform for large decentralized platforms and thousands of DApps. It was this blockchain that gave the crypto community such technologies as NFT and DAO. On September 15, 2022, Ethereum switched to the Proof-Of-Stake consensus algorithm. In this article, we review the existing blockchain architecture and token standards, compare the difference before and after the transition, identify existing problems, and review existing solutions. We evaluate the performance of FT and NFT creation; consider the solution to the Ethereum scaling with ZkSync; evaluate alternative platforms for creating tokens such as Open Sea or switching to other blockchains like Polygon, Fantom or Binance Smart Chain using cross-chain bridges.

KW - Ethereum

KW - blockchain

KW - cross-chain

KW - decentralized finances

KW - distributed ledger

KW - marketplace

KW - smart-contracts

KW - solidity

KW - token

UR - https://www.mendeley.com/catalogue/4242e05e-9041-3a0b-935b-dbd30ee6aaa6/

U2 - 10.1007/978-3-031-65154-0_12

DO - 10.1007/978-3-031-65154-0_12

M3 - Conference contribution

SN - 9783031651533

T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)

SP - 196

EP - 213

BT - Computational Science and Its Applications – ICCSA 2024 Workshops

T2 - The 24th International Conference on Computational Science and Its Applications, ICCSA 2024

Y2 - 1 July 2024 through 4 July 2024

ER -