Ethereum Creator Vitalik Buterin Discussing ‘Secret’ Upgrade to Increase Scalability: Report
Reports are swirling on a hush-hush meeting between Ethereum creator Vitalik Buterin and fellow developers at the recent Devcon 4 conference in Prague.
The meeting featured a debate on a “previously undisclosed upgrade that could boost the capabilities of the technology more aggressively in the short term,” as reported by CoinDesk.
Minutes from the meeting have been posted on GibHub by Ethereum virtual machine developer Greg Colvin. They reference an upgrade called “ethereum 1x” that requires a “sense of urgency” and could go live in about six months from now.
The upgrade could replace Ethereum’s virtual machine (EVM), which is the key code that gives developers the ability to execute smart contracts.
Three groups are actively working on the code, with one group focusing “on building a new mechanism to run smart contracts (which will replace Ethereum’s virtual machine), another one to discuss changes to smart contract costs, and another one to simulate and benchmark such changes.”
As reported by The Next Web, the “secret” upgrade has sparked a debate on transparency among Ethereum developers.
Release manager for the Parity Ethereum client, Afri Schoedon, stated that project leaders “should be transparent and maybe start with a public announcement.”
Buterin himself is also reported to have said he is “uncomfortable with institutional private calls and absolutely against private forum[s].”
Join us on Telegram
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Check Out the Latest Headlines
Leave A Comment