Yesterday Vitalik Buterin, co-founder of Ethereum, published what would be a plan to execute the first hard fork of the new Ethereum 2.0 Beacon Chain.
The ETH 2.0 hard fork
According to CoinDesk, Ben Edgington, project manager at Teku, explained that the hard fork that Ethereum 2.0 will face will not be like others that the crypto market has experienced.
In fact, the goal of doing so is apparently to test the ability to adopt useful changes before chunking and merging ETH 1 and Beacon Chain.
Therefore, this hard fork, which at the moment bears the name of HF1, will allow developers to introduce slight but key improvements.
One of the most important updates is the addition of thin clients, which is that the nodes can run even on mobile devices with minimal resource requirements.
According to the press release, this enhancement will be introduced through special-purpose “timing committees.” Basically they will be groups of validators that are assigned on the fly and create special signatures that facilitate the determination of the correct version of the chain.
Likewise, the hard fork will aim to review or reduce the mechanical work of leaks due to inactivity. It’s worth noting that ETH 2.0 stakers can lose some of their capital as a result of inactivity.
In this sense, the plan explains that the hard fork will allow «if there is a downtime leak during which a completely offline validator loses -10% of its balance, while a validator that is online 90% of the time during that period would lose only -0.1% of its balance%) ».
Therefore, the goal of it is “Try to focus penalties on nodes that actually misbehave and reduce penalties for honest nodes that simply have an imperfect connection to the network.”
And last but not least, the developers identified some vulnerabilities to reorganization attacks. Although they are small vulnerabilities, the hard fork will eliminate them.
However, at least for the moment, it is not known precisely when the Ethereum 2.0 hard fork will take place.
How do you think the Ethereum 2.0 hard fork will affect the crypto market? Let us know in the comment box.