A code for the Ethereum blockchain's first-stage transition to a proof-of-stake consensus algorithm could be completed by June 30, as stated in an Ethereum core developers meeting on May 2.
In a bi-weekly call, Ethereum researcher Justin Drake claimed that the developers team expects to prepare code specifications for phase zero by the end of June.
"We're still very much on track. Still, [code] simplifications are coming through, which is great and the process of fine combing is also for finding these final bugs."
Phase zero is the name of the first phase transition stage of the Ethereum network from Proof-of-Work to a PoS consensus algorithm.
Also known as Beacon Chain, the phase zero shift is a part of a major network transition to Ethereum 2.0, and is set to launch a new block validation system where the key role on block proposals belongs to validators instead of miners.
Phase zero was first released in its first pre-release in January 2019, as previously reported by Cointelegraph.
Sharding, the second major part of the Ethereum network update, represents a major scalability feature that splits up transaction processing between smaller groups of nodes to boost the capacity of the blockchain.
Recently, Ethereum core developer Hudson Jameson announced that a third-party audit of the Application Specific Integrated Circuit-resistant PoW algorithm ProgPoW was funded.
In a previous meeting, developers considered implementing more frequent and smaller hard forks.
Phase Zero Code for Ethereum PoS Transition Can Be Completed by June 30: ETH Core Devs
Publicado en May 3, 2019
by Cointele | Publicado en Coinage
Coinage
Mencionado en este artÃculo
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.