An internal document reveals that a group of developers is working to accelerate the implementation of new changes in future network updates.
One of the most important issues for Ethereum developers right now is to address scalability issues. Due to the obstacles to scalability, several ICO projects are moving from the Ethereum platform to other emerging ones. Other decentralized platforms such as EOS and Stellar Lumes represent a formidable challenge for Ethereum at this time.
However, the latest report suggests that the developers of Ethereum are considering a surprise update to increase short-term network capabilities. Shortly after the Devcon4 conference last October, the developers conducted four private meetings. Greg Colvin, an engineer of the Ethereum Virtual Machine (EVM) has published an internal document on Github. The document emphasizes the minutes of the meeting by suggesting an upgrade called "ethereum 1x" to arrive by June 2019.
A quick look in the internal document
One of the anonymous participants verified the documents. Speaking with CoinDesk, the participant said that the developers consider it too early to discuss the new proposals publicly. Afri Schoedon, a release manager of the Parity Ethereum client, writes that he is not aware of any such update plans.
Although developers usually propose code changes, public blockchain networks such as Ethereum can only implement them after a consensus is distributed among all users of the software. One of the meetings saw participants as the co-founder of Ethereum Vitalik Buterin and developers including Lane Rettig, Peter Szilagyi and Hudson Jameson. The meeting also had important personalities such as Joseph Lubin, the founder of the largest starting etherium based in Brooklyn Consensys Systems.
The paper suggests that the developers of Ethereum are currently under pressure to unveil the public roadmap. Therefore they are looking for ways to add improvements to an accelerated schedule. The document highlights the principle that defines the project as a "sense of urgency".
The developers discussed several changes like hard fork or a system-wide update. Some of the possible updates include the introduction of storage fees or "rent" for smart contracts. One of the updates also concerns the replacement of the existing Ethereum virtual machine (EVM) which currently processes the code of smart contracts.
Developers are discussing replacing EVM with eWASM. The implementation of eWASM would facilitate a faster and more proficient approach to the calculation of Ethereum. Some of the other project values include "as many public feedback as possible", "small sequential updates" and "data-driven analysis to inform motivations about changes".
Transparency is still the highest main value
To better coordinate quicker and faster changes, some developers have suggested working more privately during the meeting. However, keeping the fundamental value of transparency high, Buterin refused to do so. The document mentions it saying it is "uncomfortable with institutional private calls and absolutely against the private forum[s]".
In addition, Arif Schoedon expressed the disapproval of the meeting that took place in the internal chat on Friday. He said that the planning took place without any kind of public involvement.
"If you want to have private work groups, that's how it is [fine] and it makes sense, but you should be transparent and maybe start with a public announcement, "wrote Schoedon.
However, it seems that there are currently three working groups for the next stage of the update of the Ethereum network.
- A group to focus on EVM changes
- A group to discuss changes to the costs of the smart contract
- And a group that can observe and monitor the impact of these alterations