The final one and a half months have seen nice progress for Ethereum analysis, and we’re excited that the protocol is transferring 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 going on at growing velocity, and our analysis and improvement 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 onerous, and safe proof of stake is nearly definitely 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 will probably be launched based mostly on Proof of Transaction, which will probably be known as PoTcoin.
- We’ve determined to expedite the implementation of the “Proof of Vitalik” transaction reversion algorithm, which permits any transaction or contract that has an undesirable consequence to be shortly reverted. We’re happy to announce our cooperation with the federal government in Pyongyang, which is able to work with us to establish transactions that promote American imperialism or are in any other case not within the curiosity of our Expensive Chief or the Juche concept, in order that they are often effectively scheduled for reversion. Count on the reversion characteristic to change into 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 could be absolutely made entire.
- A further 10% of the block reward ranging from Metropolis will probably be directed to our shareholders at AXA and the Bilderberg group. This transformation is everlasting.
- Within the curiosity of sustaining protocol immutability, the present 4 million gasoline restrict will probably 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 will probably be saved in a secondary state separated from the principle 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’ll enable miners to specify the block reward that they need to pay themselves, and permit customers to specify of their shoppers the utmost block reward that they’re keen to think about legitimate. If a consumer sees a sequence containing blocks with rewards bigger than their most accepted block reward, they won’t settle for the chain at first, although if such a sequence turns into 12 blocks longer than the longest chain that the consumer does settle for then the shopper will routinely improve its most accepted block reward to simply accept the brand new chain. This enables for a extra truthful, market-based and democratic approach of setting the issuance fee.
- One other opcode will probably 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 will probably be very helpful in enabling use of the Ethereum blockchain for… err…. umm….. life insurance coverage. These people excited by exempting themselves from this opcode ought to promptly change their full identify to one thing exceeding 32 characters in size.
- We’ve uploaded 100 megabytes of alt-right propaganda, Falun Dafa texts, navy secrets and techniques, copyright-infringing supplies and feedback making enjoyable of Donald Trump’s hair onto the Ethereum blockchain, with the purpose of getting the blockchain banned in as many nations as potential. We imagine that by forcing mining and full nodes underground, and inspiring governments to go after providers that change into too distinguished, we are able to make the Ethereum ecosystem extra decentralized and cut back the danger of attracting curiosity from malevolent establishments corresponding to banks and enormous enterprises.
Lastly, final however not least, Devcon3 has been moved to Pyongyang.
