Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts.
The update allows for the first time to stress test the Ethereum mainnet and simulate the switch to Proof of Stake (PoS).
Ethereum a decentralized open-source blockchain with smart contracts functionality. (ETH), the second-largest blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. by market an area or arena, online or offline, in which commercial dealings are conducted. capitalization, is making progress on its roadmap a roadmap is a high-level visual summary that helps map out the vision as well as the direction of a specific product. to The MergeThe project’s first fork, an upgrade that will see the network abandon its current proof-of-work (PoW) consensus consensus is achieved when all participants of the network agree on the order and content of the blocks in the blockchain. mechanism for a proof-of-stake poS is a type of consensus algorithm that rewards validators according to the amount of crypto they have staked. (PoS) one. The project registered a crucial milestone towards this transition after activating its first fork. “in the shadows”.
This Monday, the mainnet an independent blockchain running its own network with its own technology and protocol. (main network) of Ethereum activated its first shadow fork, known as the “ shadow-fork “. The project’s developers took to Twitter to report the development, including Marius Van Der Wijden, de la Ethereum Foundation who rated the update as a “ evento histórico “.
In simple terms, the latest update will allow, for the first time, the PoS mechanisms are stress-tested on the main PoS network. Ethereum . Parithosh Jayanthi, developer of the Ethereum Foundation he explained in a tweet that l he bifurcation in the shadow is a form of “bifurcation in the shadow”. test our assumptions about timing and state growth “.
It will also provide ” a way to check if our assumptions work in test networks and/or core network a network refers to all nodes in the operation of a blockchain at any given moment in time. “, Aggregate.
This was the first time we tried a mainnet-shadow-fork, we were hoping to learn a lot from the transition! The next week or so would be spent with sync testing against this fork and trying to trigger more edge cases. We plan to repeat this next week, for advanced users.
The merge pandas have arrived!
mainnet-shadow-fork-1 hit TTD ~half an hour ago. We’ve been finalizing and producing blocks!
– parithosh | ???????????????? (@parithosh_j) April 11, 2022
A milestone for Ethereum on its way to PoS
Ethereum has been working on a multi-stage change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. to adopt a mechanism that willProof-of-Staking, o PoS, y dejar atrás su actual mecanismo de Proof-of-Work poW is a type of consensus algorithm that rewards validators according to the amount of computational power they have expended.or PoW. Under the new model, transactions will be validated by nodes run by “ participants “, o stakers , en lugar de “ miners contributors to a blockchain taking part in the process of mining. They can be professional miners or organizations with large-scale operations, or hobbyists who set up mining rigs at home or in the office. “. The change is expected to significantly reduce the energy required to process transactions and issue new currencies, a key discussion point for Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. which is based on PoW.
The shadow bifurcation occurs after the testnet an alternative blockchain used by developers for testing. (test network) of Ethereum , Goerli The same procedure has happened three times in the last few weeks. It should be noted that Goerli is an authoritative proof-of-stake blockchain used for testing decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. applications.
As reported by CoinDesk , a mediados de marzo Ethereum had reached another key milestone on its road to merger in the test network of Kiln , when a PoW execution layer was merged with a PoS from Beacon Chain . This was scheduled as the last fusion test network before the final move to PoS. According to Jayanthi Kiln’s fusion test network was designed to “ to allow the community to practice running its nodes, implementing contracts, testing infrastructure, etc. “.
Shadow forking goes a step further by allowing stress testing of the network, he said. The most recent development will share some of the data with the main network of Ethereum The blockchain is a kind of simulation for when the blockchain operates under a PoS mechanism. As a result, some transactions could be duplicated, he warned. Jayanthi.
The result of the bifurcation, on the other hand, will be crucial in determining the final moment for The Merge as indicated by the developer Tim Beiko .
A successful bifurcation
Although with some minor hiccups, the ‘shadow’ fork has mostly moved forward successfully, according to Jayanthi. As such, the team of developers noticed some issues with the software solution provider based in Ethereum ,Nethermind e Hyperledger Visu a customer of Ethereum de código abierto basado en Java java is a general-purpose, class-based as well as object-oriented programming language. .
The percentage of validators doing their work on the network, also known as the participation rate, has also dropped, but the network is still above the mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. requirement for finality, Jayanthi said.
In a thread on tweets , el desarrollador compartió un gráfico con el estado de sincronización de la bifurcación en la sombra de Ethereum which illustrates problems in red and successful progress in green. ” We are testing patches now “, dijo Jayanthi and Trustnodes en relación a estos inconvenientes menores de la red.
The node the most basic unit of blockchain infrastructure that stores data. split on this shadow-fork attempts to mimic mainnet(roughly). Here’s a grafana dashboard with how we’re doing -> Green=Good, Red=Bad. pic.twitter.com/0rociwPMUu
– parithosh | ???????????????? (@parithosh_j) April 11, 2022
“ By the way, the mainnet shadow fork was a great success! Nethermind and Besu stalled in the transition, but a solution is being implemented for Nethermind that allows them to sync. Geth geth, short for Go Ethereum, is a command-line interface that allows developers to run full Ethereum nodes, mine the cryptocurrency and execute smart contracts. and Erigon are progressing happily. All Beacon Chain customers are in agreement. “, agregó Van Der Wijden en un tweet .
By the time of editing, the shadow fork has already processed 1,807,383 transactions with an average block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. time of 12.8 seconds, according to a block explorer page shared by that developer. For now, this effort is limited to more experienced developers.
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Article by Hannah Estefania Perez / DiarioBitcoin
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