• Latest
Ethereum Investment Vehicle Approved for Small Investors

Ethereum Devs Approve First 2 Code Changes for ‚Istanbul‘ Hard Fork

Juni 21, 2019
6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

März 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

März 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine

The ultimate guide to Miami – Cointelegraph Magazine

März 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine

Dr. Jane Thomason – Cointelegraph Magazine

März 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

März 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

März 31, 2023
Jed McCaleb empties XRP wallet after eight-year selloff

Jed McCaleb empties XRP wallet after eight-year selloff

März 31, 2023
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

März 31, 2023
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

März 31, 2023
SEC objects to XRP holders aiding Ripple defense

SEC objects to XRP holders aiding Ripple defense

März 31, 2023
Blockchain technology is transforming the real estate market – Cointelegraph Magazine

Blockchain technology is transforming the real estate market – Cointelegraph Magazine

März 31, 2023
1658612147 nfts banned in minecraft sec lists 9 tokens as securities.jpg

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockyness for company meltdown: Hodler’s Digest, July 17-23

März 31, 2023
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

Ethereum Devs Approve First 2 Code Changes for ‚Istanbul‘ Hard Fork

coinnewsdaily by coinnewsdaily
Juni 21, 2019
in Tech
0
Ethereum Investment Vehicle Approved for Small Investors
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Two Ethereum Improvement Proposals (EIPs) have been approved for inclusion in ethereum’s next major upgrade, Istanbul.

These are the first two code changes to be officially approved for the Istanbul upgrade, which is tentatively targeted to activate on ethereum mainnet in October.

Related articles

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

Mai 25, 2022
Central African Republic to launch official crypto hub ‘Sango’

Central African Republic to launch official crypto hub ‘Sango’

Mai 24, 2022

In today’s bi-weekly call, developers discussed which of the nearly 30 EIPs for Istanbul would be approved and which would be rejected or delayed for a later system-wide upgrade, also called a hard fork.

While the majority of EIPs still do require further discussion, two are now officially approved.

EIP 2024 and EIP 1702

EIP 2024 – or, in some documents, EIP 131 – adds a new precompile to the ethereum virtual machine. Precompiles are normally expensive operations on the ethereum blockchain that deploy for a fixed fee or “gas cost.”

EIP 2024 introduces a precompile for a new hash function called “Blake2.” The function is said to be faster in verifying and authenticating blockchain data than other more traditional hash functions on ethereum such as SHA-3.

Various strands of Blake2 are currently being used by other cryptocurrency projects such as privacy coin zcash and domain-name platform Handshake. EIP 2024 introduces a precompile for a version of Blake2 called “Blake2B.”

“Blake2B means that we could interop with zcash on the ethereum main network,” said James Hancock, one of the three authors behind EIP 2024. “Wrapped ZEC within ethereum, [shielded] transactions, a whole lot of cool stuff.”

EIP 1702, on the other hand, authored by Parity Technologies developer Wei Tang, is geared towards smoother smart contract upgradability.

At present, decentralized applications (dapps) that run on the ethereum blockchain are based upon virtually immutable, self-executing lines of code known as smart contracts.

These smart contracts are compiled and executed through the ethereum virtual machine, said to be the very heart of the blockchain network, that functions as the engine deploying the many thousands of dapps created by developers.

The current ethereum virtual machine is expected to be upgraded in the long-term to WebAssembly code, which offers developers greater flexibility when it comes to programming language and performance.

EIP 1702 suggests introducing a new methodology for hard forks called “account versioning” so that upgrading the ethereum virtual machine or introducing new virtual machines in the network can be easier.

Tang explains in his proposal:

“By allowing account versioning, we can execute different virtual machine for contracts created at different times. This allows breaking features to be implemented while making sure existing contracts work as expected.”

Ethereum is currently the second largest blockchain in the world by market capitalization with over 20,000 daily active users, according to crypto analytics site State of the DApps.

Ethereum image via Shutterstock

Credit: Source link

Tags: Crypto Tech
Share76Tweet48
Previous Post

G7 Forming Task Force in Response to Facebook’s Libra Cryptocurrency

Next Post

Where to Find the Rising Stars of Bitcoin’s Developer Community

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable
Tech

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

Mai 25, 2022
Central African Republic to launch official crypto hub ‘Sango’
Tech

Central African Republic to launch official crypto hub ‘Sango’

Mai 24, 2022
South Korean police request exchanges freeze LFG related funds
Tech

South Korean police request exchanges freeze LFG related funds

Mai 24, 2022
Bitcoin stands apart from other crypto, and what that means for US public policy
Tech

Bitcoin stands apart from other crypto, and what that means for US public policy

Mai 22, 2022
Needed: A massive education project to fight hacks and scams
Tech

Needed: A massive education project to fight hacks and scams

Mai 21, 2022
Commonwealth Bank puts crypto trading trial on ice as regulators dither
Tech

Commonwealth Bank puts crypto trading trial on ice as regulators dither

Mai 20, 2022
Load More
Next Post
Where to Find the Rising Stars of Bitcoin’s Developer Community

Where to Find the Rising Stars of Bitcoin's Developer Community

Kategorien

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • 6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
  • Judge denies SEC motion to keep Hinman docs secret in Ripple case
  • The ultimate guide to Miami – Cointelegraph Magazine
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

Please enter CoinMarketCap Free Api Key to get this plugin works.
✕
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev