The technical specifications are waiting for their upload through the Ethereum source code. The update would follow on to Phase 0 of development that began in December.
In recent days, right after the phases to complete the final implementation of Ethereum 2.0, the technical specifications faced their launch and now will be ready to allow the merging of both versions of this cryptocurrency network.
These new features would permit both Ethereum version 1.0, which works under the PoW (proof of work) consensus protocol, and version 2.0 that uses PoS (proof of stake) to work parallel. These parallel works will remain only while the final migration is complete to version 2.0. The network would use only the PoS protocol.
These specifications, which can be proposals, met their uploads into the official Ethereum repository on Github by the developer who identifies himself as Mikhail Kalinin (Kalinin). They have their roots in the Beacon Chain’s implementation proposals (chain with PoS of ETH 2.0).
It should be essential to consider that the code belonging to the merger’s new specifications has not yet been uploaded to the Ethereum source code by Kalinin’s request. The corresponding tests are under development.
ETH 2.0 Has Already Gone Through a Long Path. There is Still a Road to Go
On December 1, 2020, the genesis block went through a mining process within the Beacon Chain, the Ethereum blockchain, which works under the proof of stake protocol. A long way since Vitalik Buterin made the first transition proposals from ETH 1.0 to 2.0 back in 2019.
ETH 2.0 is currently in Phase 0. In this phase, the implementations that allow the merging of both networks begin their development. This merging requires a crucial change since this modification implies changing the execution mode in which Ethereum currently behaves.
In later phases, there are plans to complete the merger, which will take place gradually. As planned, being on Phase 2, the ETH 1.0 dApps will be compatible with the ETH 2.0 network.
The Reason behind this Consensus Change in Ethereum
Ethereum has suffered from a growing demand for use. The rise of dApps (decentralized applications) and the ever-increasing interest in DeFi (decentralized finance) has caused the network to suffer saturations that affect all users and applications under the Ethereum spectrum.
The change from PoW to PoS was born to set improvement in scalability and lighten the capacity. This new council model would bring the Sharp Chains, which are sub-chains of the main Ethereum chain. These would also work with PoS and would have their validator nodes.
This change would allow enlightening the load within the main chain since, within the ETH 2.0 network model, each dApp could have its Sharp Chain, which would avoid congestion if the leading network becomes saturated.
Of course, this is just a theoretical model, which seems to solve the current situation in practice. However, the development’s evolution is on its way, and the number of delays in the launch of ETH 2.0 phase 0 is also something too worrying.
By: Jenson Nuñez
