Ethereum Upgrade Plans By Buterin, Developers Revealed in Recent Doc

Documents published on GitHub have confirmed reports of private talks held among ethereum developers to fast-track a major upgrade on the network.

On Friday, Greg Colvin, an engineer an engineer of the ethereum virtual machine, posted some documents on Ethereum’s page on the open-source sharing network GitHub. The documents included minutes from four private meetings held by ethereum developers during the recently concluded DevCon4 conference.

According to the discussions, the developers planned to launch an upgrade which will greatly increase the capabilities of the ethereum network by the middle of next year. The upgrade referred to as “ethereum 1x” was kept hidden from some members of the ethereum developer community until now.

In response to the minutes, popular ethereum developer and release manager for the Parity ethereum client noted that he was not aware of the upgrades plans and was not privy to the meetings held.

The meetings were, however, attended by notable ethereum core developers including ethereum co-creator Vitalik Buterin and ethereum co-founder and founder of ConsenSys Joseph Lubin. Notable members of the ethereum community and developers participated in the meetings including Peter Szilagyi, Lane Rettig, Hudson Jameson, and Danny.

The meetings which centered on Ethereum 2.0 and Ethereum 1x upgrades, among other things, looked into suggestions on how to make decisions as well as how best to seek and get public feedback from the community. In one of the meetings, the participants agreed to prioritize small, sequential updates while maintaining a sense of urgency towards updates. They recommended data-driven analysis of the problem as a means of informing motivation for changes. With regard to feedback, they favored going for much public feedback as possible.

The developers, more importantly, discussed changes expected for the hardfork planned for June 2019. Vitalik Buterin seemed to favor small incremental changes to wholesale unless it is clearly justified by thorough analysis. A working group was set up to consider the simulation of changes/data that will inform motivation. The simulations were expected to do three things: show what happens if developers don’t do anything, show analysis if developers are solving the right problems, and show analysis of the impact of solutions.

Two other working groups were also formed; one to consider eWASM, a proposed alternative to the Ethereum virtual Machine (EVM) and the other to consider ‘rent” (that is, storage fees for smart contracts). The introduction of rent is expected to reduce the growth of the state size of the ethereum network which every participating node must download.  The working groups are expected to report by in a Friday Developers’ call scheduled for November 30.

Schoedon in his response to the postings suggested that public announcements be made before forming private working groups. “If you want to have private working groups, that’s [fine] and makes sense but you should be transparent and maybe start with a public announcement,” he advised

Solomon Sunny is the market reporter for Smartereum, one of the global leaders in Ethereum, blockchain and currency news. He produces technical price updates on digital currencies and writes recent developments about blockchain.


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