Since the emergence of another form of currency Bitcoin that made every industry ride a roller coaster blockchain technology has advanced significantly. Following that Ethereum which is one of the platforms supporting Bitcoin has experienced massive growth in past few years. However, nothing can be spared from having negative impacts and hence blockchain technology also has some cons or it can be said a dark side. For example; Decentralised applications commonly called Dapps are smart contracts created on Ethereum’s blockchain, which has the ability to annoy both developers and corporations’ interest of any kind.
To fully grasp what blockchain technology and Ethereum can do it is important to consider the prospects that Ethereum holds particularly for the year 2023 for the reason that we need to look to the future to make informed decisions. Following potential developments can be observed gauging the current growth and characteristics of Ethereum.
Upgrade to Proof of Stake:
The Proof of Work is a consensus algorithm that influences Ethereum at the moment when it needs a lot of processing power to make sure that the transactions which are requested are up to date and kept at the network are operational. This method is although a great resource with a lot useful outcomes but has one drawback which is it asks for a lot of energy, which is not good for the environment. Ethereum intends to switch to a Proof of Stake system.
The Proof of Stake progress is a model that rolls out in different phases where the first phase has already been launched back in December 2020. The entire transition of all the phases is expected to be completed by 2023, which is certain to bring significant improvements in the network usage and consumption and utility.
Decentralized Finance (DeFi):
Decentralized Finance (DeFi) has been one of the most significant applications that has been built on Ethereum’s blockchain platform so far. DeFi as its name suggests, refers to a collection of financial applications which are built on decentralized platforms to operate and function seamlessly without intermediaries. It allows its users conduct transactions like to lend, to borrow, and to trade cryptocurrencies without relying on centralized financial institutions.
DeFi has grown exponentially over the past few years, with the total value locked in DeFi protocols reaching over $100 billion in 2021. In 2023, we can expect DeFi to continue to grow, attracting more investors, users, and developers.
Interoperability with other blockchains
The ability of several block chain networks to faultlessly interconnect with one another is known as interoperability. This is to improve the operation of the entire blockchain umbrella system where Ethereum has been long trying to promote interoperability with other blockchains byproducts.
With more such interoperability, Ethereum’s blockchain is likely be able to extend its communication with other blockchain clusters more easily and conveniently, facilitating the speedy and efficient transfer of belongings and data between other networks. A more industrialized and linked blockchain environment will result from this development, opening up more creative use cases.
Ethereum 2.0 Features
Serenity, often known as Ethereum 2.0, is a significant update that attempts to enhance the scalability, security, and sustainability of Ethereum. More features are anticipated to become available in 2023 as the upgrade is anticipated to go out gradually.
Sharding yet another feature of Ethereum 2.0, separates the blockchain into smaller clusters to rapidly increase scalability. In addition to that it presents eWASM, which is a contemporary virtual machine that enables the users to create smart indentures in a number of different computing languages.
As a consequence of major progresses in scalability, energy utilization, and interoperability with other blockchains in the year 2023, Ethereum has a encouraging future. Ethereum is in a decent position to play a higher part in the expansion of blockchain technology given the growing approval of DeFi and the projected Ethereum 2.0 capabilities.
Communication and Technology
Since communication and technology has become a significant and irrevocable part of our lives it has taken many forms that people can use for example;
- Email writing
- Letter Writing
- Memos
- Text messages
These are the commonly used forms of communication that are mainstream in today’s world and are being used widely.
Technology and Education
In addition to the above-stated forms of communication, there are other necessary matters where an individual need to write and they are without any second thoughts are the most crucial ones which are related to academics where students are required to write papers like;
- Essays
- Assignments
- Dissertations
There is no way anyone can deny the fact that technology has is not the most important feature of our lives and these days it is next to impossible to eliminate technology from our lives.
It has been incorporated into most of our daily activities including classrooms for better learning of the kids. Whether it is just a desktop computer or a technology in the form of automated tabs for the convenience of the students. Not only this, technology has upgraded to the extent that students now can have multiple advantages out of it like;
- enhanced writing
- physical ease of writing
- reviewing and editing
All these features allow the students to revisions and self-assess their work before their instructors and in turn, this liberty increases their interest in studies as well as learn the tactics of writing so well that they can start offering the best dissertation writing services. (Sandolo, 2010)
How does technology aid in enhancing writing abilities?
Although it’s a common misconception that writing comes easy, the truth is that even the most seasoned writers struggle with certain aspects of the craft. They also began by requesting small amounts of assistance, such as, “write my dissertation,” and after numerous unsuccessful tries, they mastered the art of what is known as professional writing. (MasterEssayWriter, n.d.)
Writing is something that takes time, persistence, and most importantly, the willingness to learn. It can take months or even years to improve your writing skills, nevertheless, it should not be forgotten that this arduous process can quite easily be sped up with the assistance of technology.
Technology has a lot many ways to improve the writing skills of its users in the following manner; (ITBriefcase, 2018)
Writing practice websites and applications
For every person irrespective of their profession; be it a student, a teacher, or a writer, it is important to always have a practice website or application on their phones handy so that they can use that application for writing purposes whenever they need arises.
These websites and applications allow the students to check that their writing is free from any grammatical errors
- has the correct punctuation
- correct sentence structure
- includes all the fancy vocabulary
All these factors present in a paper could enhance its credibility which could be the detail that pushes your work from one grade to the other. The good thing about these writing practice platforms is that they are often free of cost or if they have charges, they are quite minimal for the students to pay.
References
ITBriefcase. (2018, February 14). 5 Ways To Use Technology To Improve Your Writing Skills. Retrieved from https://www.itbriefcase.net/5-ways-to-use-technology-to-improve-your-writing-skills
MasterEssayWriter. (n.d.). What Is Branding And What Is Brand Analysis Writing. Retrieved from MES: https://masteressaywriters.co.uk/blogs/what-is-branding-and-what-is-brand-analysis-writing
Sandolo, L. (2010). How can the use of Technology enhance writing in the. New York: Fisher Digital Publications.