Ethereum is all set to undergo the first hard fork upgrade. Ethereum 2.0 aims to be a general test before deeper changes are introduced to the platform.
Co-founder Vitalik Buterin published a plan that goes into detail of what’s on the horizon.
Tentatively named HF1, the hard fork allows the developers to introduce several key upgrades to the recently launched Beacon Chain.
The biggest practical change is support for light clients, which are nodes with minimal resource requirements and could run on mobile devices. This development allows for “trust-minimized wallets” that are able to verify the blockchain on their own instead of relying on external service providers.
Other improvements include fixes to fork choice rules. Developers have identified several instances where the protocol was potentially vulnerable to reorganization attacks.
Some practical changes are also part of this hard fork.
Changes to how slashing and inactivity leakage mechanic works are part of the package. Currently, stakers may lose a portion of their capital either due to being inactive or by attempting to support a minority fork of the chain. This is punished with slashing.
While the system was set up to be very lenient, the team is now further tweaking the mechanism to make life simpler for stalkers with unstable connections.
It is unclear when the hard fork will be performed. Some of the details of the proposal still require development and review. In addition, the Ethereum developers are also trying to come up with a naming convention for HF1 and future hard forks.
But the second most popular crypto platform definitely is gearing up for prime time with this hard fork.
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