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The developers of Ethereum are quietly planning strategies to advance the third largest blockchain in the world, in addition to a previously unknown update that could increase the capabilities of technology more aggressively in the short term.
In particular, the minutes of four private meetings held in an ethereum conference at the beginning of this month refer to an update called "ethereum 1x", which could be activated in June 2019.
While they had not previously been disclosed, the minutes were verified by a participant who wished to remain anonymous. They told CoinDesk that developers believe the proposals are too early to be discussed publicly. Other developers have not responded to requests for comment.
An internal document containing the minutes was published in Github by an ethereum virtual machine engineer, Greg Colvin, Friday. Writing on the same platform, the head of the Parity ethereum customer release, Afri Schoedon, said he was not aware of the document or that the plans were in motion for an upcoming update.
In one of the meetings, the participants included the creator of ethere Vitalik Buterin; Joseph Lubin, the founder of Brooklyn's largest ethereum startup, Consensys Systems; and important community organizers and developers including Lane Rettig, Peter Szilagyi e Hudson Jameson.
The notes suggest that the developers of ethereum may be pressured to increase their public roadmap in ways that seek to add improvements to an accelerated schedule. Several changes were discussed for inclusion in a system-wide update, or a fixed fork, currently addressed in June, which was not previously associated with a 2019 release.
The series of updates potentially includes the replacement of the underlying virtual machine of ethereum (EVM), the component that processes the intelligent contract code. It would also introduce "rent" or storage costs for smart contracts, which would try to stem the growth of the blockchain ethereum (currently about 1 terabyte on a complete archive node), which must be downloaded from all participating nodes.
A project definition principle, as outlined in the document, is a "sense of urgency". Other project values included "small sequential updates", "as many public feedback as possible" and "data driven analysis to inform the motivation of change".
While the update is still in its early stages, developers have already discussed the implementation of eWASM as an alternative to EVM, which would allow a faster and more detailed approach to the calculation of ethereum.
Also renting and similar mechanisms to reduce the growth rate of the blockchain were considered publicly, but could require a "general review", suggesting Vitalik Buterin during the meeting. Other ideas are also discussed to make the dimensions of the state more manageable.
The developers also emphasized the importance of working in private to coordinate changes more quickly. Pushing for the greatest possible transparency, it is said that Buterin has declared to be "uncomfortable with private institutional calls and absolutely against the private forum[s]".
However, reacting to the minutes of the meeting of an internal chat for developers on Friday, Schoedon expressed disapproval that the planning took place without public involvement, writing: "If you want to have private work groups, it is [fine] and it makes sense, but you should be transparent and maybe start with a public announcement. "
In response to the meeting, it was said that at least three working groups were formed: one to focus on EVM changes, another to discuss changes to the costs of smart contracts and another that would try to simulate and model the 39, impact of these alternations.
A call is now scheduled for November 30th to reconvene the members of these groups.
Image acceleration through Shutterstock
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