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Ethereum 1x is going through a surge in research and development, which is expected to lead to improvement in its usability. As the third largest blockchain
Though the developers have not yet settled the code, they seem to be a number of proposals. A final proposal is scheduled to be proposed and approved by the network's users by June 2019.
Afri Schoedon, the release manager for Parity, one of ethereum's clients, has been suggested to be a blockchain network. On the other hand, some are hoping that the blockchain will be released on existing blockchains and much earlier than the scheduled date.
Vitalik Buterin ahd called it "serenity." In any event, this is a version of "The Serenity". Schoedon does not expect the upgrade to even be produced by 2020.
He stated that developers started "panicking and saying," Hey we really need to find intermediate solutions. "
Schoedon added to this topic as a "too radical or controversial." However, if you are concerned with the community and the stakeholders, it will be clear that "none of the upgrades will be controversial in the end. "
Devcon is scheduled to take place this month, which will allow community members to openly discuss ethereum 1x. The conference will also allow you to clarify the process, what the upgrade will entail, and more. This type of clarity will enable the community to have a better sense. Schoedon added,
"We need to be very inclusive with everyone in the community and be very open and transparent."
At the beginning of the day DevCon4 conference, Dan Heyman of PegaSys discussed four different working groups that are responsible for advancing ethereum. One of the groups is being led by Alexy Akhunov and the project is interested in rental storage solutions on the network. The technology may also promote the smart contract.
However, this is a potential problem for users who are interested in deploying nodes so that they can download and maintain a copy of the active blockchain state. According to Akhunov, it can take a long time for computers joining the network to download and maintain such copies.
Responsibility for data protection. This type of system is called a "stateless client" and it may be easier than rental storage. This proposal also comes with concerns. Akhunov stated,
"I have a problem with stateless clients at the moment. People think they are easy to implement in terms of protocol upgrades. But they will be much more for the developers to support. "
A third ethereum 1x group, called the "stimulation group" is interested in analysis "the issues that happen through the blockchain when block size grows or when latency increases."
This type of approach is significant because of code optimizations, which have been increasing. More blocks go through the network quickly and as they do, more transactions take place and fees may increase as well.
Smart contracts storage costs.
This would be achieved by implementing eWASM, which is a machine that processes smart contract code. This allows developers to leverage the new technology much more effectively. "Technology", called "precompiles", are deployed with smart contract operations that run on the network for a fixed rate.
Right now, there are only a few on the ethereum network. Streamlining processes may change that. Akhunov stated that there is a
"Limited number of people in the core development team [and] if we try to start all the precompiles people are asking for, we're never going to be able to do anything else. "
Outstanding issues regarding fair rates.
Though one of these solutions will be implemented on an accelerated timeline, not one will be implemented until the community agrees. As Schoedon states, "broad consensus in the community" is necessary for concrete action to take place. And that is, of course, fair enough.
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