In this chapter, we will delve deeper into the key challenges of the Ethereum blockchain, examine various layer 1 and layer 2 scalability solutions being implemented, or to be implemented, in the current or future Ethereum releases. Then, in the Introducing cryptoassets and Ethereum token standards section, we will further discuss various layer 3 application topics, including initial coin offering (ICO), security token offering (STO), and initial exchange offering (IEO) funding mechanisms and the Ethereum token standards, and we will scratch the surface of cryptoeconomics. We will explore how the decentralized filesystem works with InterPlanetary File System (IPFS), Swarm, and BigchainDB, and how decentralized messaging works with Whisper. If you have just started learning about Ethereum and plunge into the development of smart contracts, you can jump...
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