The final one and a half months have seen nice progress for Ethereum analysis, and we’re excited that the protocol is shifting nearer and nearer to the purpose the place it’s prepared for mainstream adoption. Progress on consensus algorithms, privateness, zero data proofs and formal verification is occurring at rising pace, and our analysis and growth groups are increasing considerably.
- After three years of looking for options to the “nothing at stake” and “stake grinding” assaults, we now have determined that the issue is just too exhausting, and safe proof of stake is nearly actually unachievable. As an alternative, we at the moment are planning to transition the Ethereum mainnet to proof of authority in 2018. To that finish, we now have launched two new testnets, Qinghuadongluxikou and Hongqiao Airport Terminal 2, to check our newest proof of authority specification.
- A 3rd testnet shall be launched based mostly on Proof of Transaction, which shall be referred to as PoTcoin.
- Now we have determined to expedite the implementation of the “Proof of Vitalik” transaction reversion algorithm, which permits any transaction or contract that has an undesirable outcome to be shortly reverted. We’re happy to announce our cooperation with the federal government in Pyongyang, which can work with us to establish transactions that promote American imperialism or are in any other case not within the curiosity of our Pricey Chief or the Juche thought, in order that they are often effectively scheduled for reversion. Count on the reversion function to grow to be enabled as a part of Metropolis.
- To make up for ETC’s deeply immoral failure to completely refund DAO token holders’ ether, we intend to redirect 20% of the block reward for the primary 200000 blocks after metropolis (ie. a complete of 200000 ETH) to an extra DAO withdrawal contract, in order that DAO token holders will be absolutely made entire.
- An extra 10% of the block reward ranging from Metropolis shall be directed to our shareholders at AXA and the Bilderberg group. This variation is everlasting.
- Within the curiosity of sustaining protocol immutability, the present 4 million gasoline restrict shall be set in stone and now not changeable by way of miner voting. Nonetheless, we’ll add an opcode, OP_SEGREGATED_EXECUTION, which permits customers to execute any desired piece of code at 1/4 the traditional gasoline value. Any state adjustments made by code executed by way of this mechanism shall be saved in a secondary state separated from the primary Ethereum state, and a soft-forking change is added which requires the r worth of the signature of the primary transaction in any block to be equal to the trie root hash of this secondary state. That is less complicated and safer than elevating the gasoline restrict to 16 million immediately as a result of…. causes.
- We are going to enable miners to specify the block reward that they wish to pay themselves, and permit customers to specify of their purchasers the utmost block reward that they’re prepared to contemplate legitimate. If a person sees a series containing blocks with rewards bigger than their most accepted block reward, they won’t settle for the chain at first, although if such a series turns into 12 blocks longer than the longest chain that the person does settle for then the consumer will robotically enhance its most accepted block reward to just accept the brand new chain. This enables for a extra truthful, market-based and democratic method of setting the issuance fee.
- One other opcode shall be added in Metropolis, OP_VERIFY_PROOF_OF_DEATH, which verifies that an individual with the authorized identify that’s handed in from the stack as a zero-byte-left-padded UTF8-encoded byte string is deceased. This shall be very helpful in enabling use of the Ethereum blockchain for… err…. umm….. life insurance coverage. These people interested by exempting themselves from this opcode ought to promptly change their full identify to one thing exceeding 32 characters in size.
- Now we have uploaded 100 megabytes of alt-right propaganda, Falun Dafa texts, army secrets and techniques, copyright-infringing supplies and feedback making enjoyable of Donald Trump’s hair onto the Ethereum blockchain, with the aim of getting the blockchain banned in as many international locations as attainable. We imagine that by forcing mining and full nodes underground, and inspiring governments to go after providers that grow to be too outstanding, we will make the Ethereum ecosystem extra decentralized and scale back the danger of attracting curiosity from malevolent establishments akin to banks and enormous enterprises.
Lastly, final however not least, Devcon3 has been moved to Pyongyang.
