Buterin wants to accelerate the transition to Ethereum 2.0 with a new type of validators

Buterin wants to accelerate the transition to Ethereum 2.0 with a new type of validators

Buterin Wants to Speed Up Ethereum 2.0 Transition With ETH1-Friendly

Ethereum founder Vitalik Buterin offered an alternative version of the transition to the second version of the platform, in which universal validators will be used.

According to him, using a new type of validators, called eth1-friendly-validators, will require fewer changes to the network architecture to achieve the goal. At the same time, an alternative approach provides for a transition procedure similar to that described earlier..

Buterin wants to accelerate the transition to Ethereum 2.0 with a new type of validators

In fact, Buterin proposes to use a compatible type of validators that can support both the Ethereum 2.0 blockchain and full Ethereum 1.0 nodes..

At the same time, he adds that such a transition option may affect the cost of operations, since an additional 1-2 units of gas per byte of code will be required to call a smart contract. Although some applications may become less viable, regular ERC20 transactions (including DAI) will rise in price by only 5-10%.

The launch of the first phase of the transition to Ethereum 2.0 is scheduled for January 3, 2020. However, the process of full transition can take years and is associated with potential risks to users. It is for this reason that the Coinfloor exchange plans to exclude ether. of list of trading instruments.

text: Ivan Malichenko, photo: decrypt