Reports are flitting in a silent meeting between the creator of Ethereum Vitalik Buterin and other developers at the recent Devcon 4 conference in Prague.
The meeting featured a debate on a "previously unknown upgrade that could increase the capabilities of technology more aggressively in the short term", as reported by CoinDesk.
The minutes of the meeting were published on GibHub by the virtual machine developer Ethereum, Greg Colvin. They refer to an update called "ethereum 1x" which requires a "sense of urgency" and could go live in about six months.
The upgrade could replace the Ethereum virtual machine (EVM), which is the key code that gives developers the ability to run smart contracts.
Three groups are actively working on the code, with a group focused on "building a new mechanism to execute smart contracts (which will replace the Ethereum virtual machine), another to discuss changes to the costs of smart contracts and another to simulate and compare these changes. "
As reported by The Next Web, the "secret" update sparked a debate about transparency among the developers of Ethereum.
Parity Ethereum's client release manager, Afri Schoedon, said that project managers "should be transparent and maybe start with a public announcement".
It is said that even Buterin himself said he was "uncomfortable with private institutional calls and absolutely against the private forum[s]".
Join us on Telegram
Disclaimer: the opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and operations are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital assets, nor The Daily Hodl is an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Check out the latest news