Home / Ethereum / The secret club of Ethereum: the first update dubbed "Ethereum 1x" is possible in June 2019

The secret club of Ethereum: the first update dubbed "Ethereum 1x" is possible in June 2019

One of the Ethereum Virtual Machine engineers, Greg Colvin, has released an internal document from the recent DevCo 4.0 containing minutes and discussions on possible technological updates for the Ethereum network – nicknamed "ethereum 1x".

The proposal is in its infancy, so the developers did not want to make it public. There is also an alleged difference in opinion among the developers who proposed this update and other older ETH developers.

Release Manager of Parity, one of the most popular clients of Ethereum, Afri Schoedon commented on GitHub that he did not know about the document or that the plans were in motion for an imminent update.

As Coindesk writes "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 for changes. "

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]".

Ethereum 2.0 is still far away

In the presentation of Ben Edgington, Ethereum 2.0 is mentioned as the definitive solution that must be designed taking into account three sets of mandatory and optional functions: what it should have, what it should have and what it could have.

The must have are on the scalability of the chain, a capacity a thousand times greater than the current one. The other indispensable feature that must be present is the evidence of the stake's consent. Both these conditions are means to achieve the goal: decentralization, availability, security, usability, continuity.

The elements should have less controversial properties such as: quantum resistance, account abstraction, execution of the delayed state and cross-atomic cross-transactions.

The potential could be the rental deposit capacity and the consent of Casper CBC.

The new architecture of Ethereum 2.0 is a much more complex structure than the "scrapposo attempt" called Ethereum. This is a multi-level system with a PoW anchor chain on which the coordination chains called Beacon chains run, which are the foundation for the Shards – sidechains that will run the Ethreum virtual machine – EVM.

There is a whole host of teams that are taking part in the construction of this new Ethereum 2.0 complex. Some of them are familiar names like Status, Prysm, Pegasys, Lodestar, Harmony, Parity etc.

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