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Simplenote publish with markdown10/31/2022 ![]() ![]()
Programmable slashing rules allow for applications to borrow security from Ethereum’s validator set, while increasing the capital efficiency of the locked stake. This forms the basis for truly decentralized staking pools, lowering the capital requirements for participating in the protocol. Often overlooked as an advantage of proof-of-stake, these innovations provide extremely valuable extensions to Ethereum’s protocol.ĭistributed validator technology allows for a group of entities to come together and co-operatively run a validator, while removing any central points of control. In parallel, the Ethereum community also innovates on auxiliary protocols such as distributed validator technology, and programmable slashing rules for Ethereum stake. ![]() Future protocol upgrades bring real scalability and transaction capacity, through the rollup-centric approach. The Merge is only the first step in a long list of upgrades to achieve blockchain utopia. With the multi-client approach and great client diversity, this means that single client failures do not grind the system to a complete halt.Įthereum achieves all of the above without compromising on decentralization: participating in the protocol is as easy as setting up an Ethereum client on a consumer-grade computer at home, and the protocol allows for 1,000,000+ participants!ī. Users can rely on their transactions being final, and attackers will be identified & punished in true proof-of-stake fashion.ĭynamic availability, a feature borrowed from proof-of-work, means that the protocol can keep making progress even when a large chunk of participants go offline. #Simplenote publish with markdown upgradeThis upgrade marks the end of wasteful mining in Ethereum, and hopefully the beginning of the end for mining in all blockchains.Īs far as user guarantees go, Ethereum doesn’t compromise on any front:Īccountable safety, a feature borrowed from traditional consensus systems, provides the strongest safety guarantee possible in blockchains First off, Ethereum’s energy consumption will drop to less than 1% of the older protocol. From a technical standpoint, Ethereum promises to deliver a protocol that combines the best of proof-of-work and traditional consensus technologies, while removing the downsides of each of these. Ethereum’s upgrade to proof-of-stake is the most ambitious effort in blockchain systems. In three words or less, how do you feel about the Merge being so close to complete? 1. Who is someone else involved in Merge work that you’ve come to admire or want to give a shoutout to? Make sure to give some context as to why you appreciate them. Include a few sentences of context and a link to the work if applicable eg. What was the most difficult challenge you encountered? Impossible bugs, unexpected complexity, failed experiments. What Merge related work are you particularly proud of? Include a few sentences of context and a link to the work if applicable eg. Now that the Merge chapter is closing, what are you excited to see progress towards in the next 1–2 years of Ethereum and why? What about the next 4 years? Consider EIPs, technical features, general protocol design, community norms, specific accomplishments, etc.Ĭ. What’s your perspective when looking back on your contributions to the Merge effort? Or, what does Ethereum moving off of PoW / the benefits of PoS mean to you?ī. In the case of any omissions, we apologize! Please reach out to Stateful Works to have your contribution added. #Simplenote publish with markdown manualMerge Manual builds on Stateful Works’ goal of creating cultural artifacts for the Ethereum community through projects like the Beacon Book and 1559 NFT Collection. → Sign up to be notified of the exhibition opening or follow the organizers: SW & JPG. We hope you will join us for the opening of the exhibition on Sept 12. Proceeds are split between the artists and the Protocol Guild, a collective of 119 core Ethereum contributors. ![]() ![]() We’re releasing this in advance of New Home of the Heart, an NFT exhibition and sale which celebrates the Merge and its builders. Thank you for reading and being part of the Ethereum story. Responses were collected in August and September 2022 in the weeks leading up to the Merge itself the anticipation is apparent in the submissions! We hope you enjoy these snapshots of sentiment leading into the biggest Ethereum event since the Genesis block in 2015. Note that this is a subset of the whole - not every contributor submitted a response. Merge Manual is a collection of perspectives from 60+ core Ethereum contributors, including client developers, researchers and coordinators from 18 different teams. While many have talked about the significance of the moment, we think it’s best to hear directly from the builders behind it. #Simplenote publish with markdown fullAfter many years of work, full Proof of Stake is finally on our doorstep. ![]()
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