Cryptocurrencies

Ethereum 2.0 ready to undergo its 1st hard fork

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Ethereum (ETH) co-founder Vitalik Buterin made public the plan to lead to the first hard fork of ETH 2.0. This should in particular allow network developers to introduce several updates and at the same time serve as a test in anticipation of future changes. In particular, this will be an opportunity for them to review the way in which the inactivity reduction and escape mechanisms work. More details below.


Ethereum fork

Provide support to thin clients

Among the main changes that will now be introduced by this first hard fork, support for thin clients is arguably a priority. This will include offering assistance to nodes with minimal resource requirements and can run on mobile devices. Such a change would foster the creation of trusted portfolios that no longer depend on external service providers to perform verification on the blockchain. It will thus come back to groups of validators chosen at random from create special signatures to perform this verification.


Ethereum developers have also identified several cases of vulnerability of the protocol which should give rise to the appearance of other changes on this hard fork. Mr. Buterin revealed that although these flaws were discovered before the launch of ETH 2.0, it was too late to fix them in time. The present hard fork giving the opportunity to remedy this, it will allow strengthen network security and prevent malicious actors from controlling any part of it.Subscribe for freeJoin our community of Bitcoin and cryptocurrency enthusiastsemail * Validate

Modification of inactivity reduction and escape mechanisms

If you are currently staking ETH 2.0, you might not have missed thean inactivity leak can cost you part of your capital. This, which can be caused by a power cut or a faulty connection, is in fact penalized, because it is considered as a deterrent for staking. The above-mentioned reasons being beyond the control of the shareholders, the Ethereum technical team decided to relieve them.

So thanks to the network’s first hard fork, there will now be a distinction between intermittent and continuous inactivity. It was also planned to ensure that the loss of value of offline nodes is now done gradually and not abruptly to allow the stakers to catch up. In addition, several more dissuasive monetary sanctions should be introduced in order to discourage bad behavior within the system.

The date of use of this hard fork remains unknown for the time being due to other technical details which are still subject to debate within the Ethereum technical team. Meanwhile, a former member of the house keeps throwing spades at the new version of Ethereum. Founder of rival blockchain Cardano, Charles Hoskinson thus said that the science behind ETH 2.0 is not good.

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Behind the generic signature “TCT editorial staff” are young journalists and authors with specific profiles who wish to remain anonymous because they are involved in the ecosystem with certain obligations.

DISCLAIM

The comments and opinions expressed in this article are those of the author alone, and should not be considered as investment advice. Do your own research before making any investment decisions.

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