Ethereum activated his long -awaited “sin” update on Wednesday, marking the most significant review of the block chain from the merger in 2022.
The update aims to optimize participation, improve wallet functionality and improve general efficiency. He arrives as Ethereum holds with growing competition and internal debates about his direction.
The tong update, a “hard fork” in the blockchain language, was activated at 10:05 UTC and ended around 13 minutes later.
A key element of the update implies increasing the amount of ETH, one can participate from 32 to 2,048. This change could help accelerate and rationalize operations for Stakers, the vast network of companies and individuals that help keep the Ethereum network afloat.
Previously, the scale rethink required to configure multiple validators; Now, stakers can consolidate up to that amount under a single node.
The update, considered the largest in Ethereum since 2022 merges with the stagnation test, arrives at a delicate time for the ecosystem. Follow two failed test executions, one of which puts a key Ethereum test network permanently out of service.
In addition, Ethereum, the network that introduced intelligent contracts and decentralized applications based on blockchain, has constantly lost market share of more agile competitors in recent months.
Solana, in particular, has attracted more new developers during the last year than Ethereum, which for a long time was considered the non -Bitcoin dominant block chain.
The Ethereum community has discussed whether its unofficial leader, the Non -profit Ethereum Foundation is to blame for the lagging price of Token ETH and the perception within the industry that the network lacks a cohesive vision.
In response, the Swiss Foundation introduced a new leadership and a new set of plans to revitalize the community of developers of the chain.
Relief for rethinking suppliers
The center of the update is EIP-7251, which increases the maximum amount of validators that validators can participate from 32 to 2,048 ETH.
The change is intended to help institutions and rethinking infrastructure providers addressing the needs of validators that bet on ETH to maintain the operating chain. If you want to invest more than 32 ETH with the network, you must divide your participation between dozens, or times, hundreds of separate nodes.
This not only consumes time and incurs costs, but has also resulted in lines for new nodes to join the network.
By increasing the rethinking limit, “this means that small operators can aggravate their stake directly, while the big ones can consolidate validators to reduce the use of bandwidth in the P2P network,” Tim Beiko wrote, the protocol support lead lead in the Ethereum Foundation, over X.
Account abstraction
Another central component of the hard fork, EIP-7702, would allow cryptographic wallets to work temporarily as intelligent contracts. This change brings the Ethereum network to the abstraction of the account, a series of characteristics that pave the way for cryptography wallets easier to use.
Users could, for example, pay transaction rates in Stablecoins instead of ETH, configure an automatic payment system or enter recovery access to wallets if they forget their seed phrases.
What else is in sirty?
While EIP-7251 and EIP-7702 are the main sicking approaches, nine other proposals to improve Ethereum (EIP) have reached the package, which mainly affect suppliers, validators and rethinking developers:
- EIP-2537: Enter a network function that makes certain cryptographic operations faster and more efficient, which could benefit privacy tools.
- EIP-2935: stores more information from past blocks in the block chain, which facilitates the verification of those data.
- EIP-6110: makes the process so that new validators join less complex handle their rethinking deposits more directly within the system.
- EIP-7002: Allows validators to start withdrawals from their funds directly, improving the user’s safety and experience for rethinking services.
- EIP-7549: Optimizes how it votes blockchain process validator.
- EIP-7623: increases the costs of Calldata, which is used for data availability (DA).
- EIP-7685: establishes a standardized form of communicating applications between the execution layer and the consensus layer.
- EIP-7691: Increases the block chain capacity to handle more block data per block.
- EIP-7840: Enter a configurable configuration to manage the amount of data that Ethereum can handle per block.
Read more: Ethereum Preps for the greatest change of code from fusion with upgrade sicking
Update (10:22 UTC): Updates to affirm that the tong update has been completed.
