In recent days, following the phases to complete the final implementation of Ethereum 2.0, the technical specifications were released that will allow the merging of both versions of this cryptocurrency network.

These new features would allow, That both version 1.0 of Ethereum, which works under the PoW (proof of work) consensus protocol and version 2.0 that uses PoS (proof of stake) work in parallel. This while completing the final migration to version 2.0, where the network would use only the PoS protocol.

These specifications, which so far can be considered as proposals, were uploaded to the official repository of Ethereum on Github by the developer who identifies himself as Mikhail Kalinin ( mkalinin ). They are based on the execution proposals of the Beacon Chain (chain with PoS of ETH 2.0) published by himself last November.

It should be Note that the code, belonging to the new specifications of the merger, has not yet been uploaded to the Ethereum source code, at the request of mkalinin , while the corresponding tests are carried out .

The long way to go for ETH 2.0

On December 1, 2020, the genesis block was mined within the Beacon Chain, the Ethereum blockchain , which works under the proof of stake protocol, as reported by CriptoNoticias at the time. A long road traveled since Vitalik Buterin made the first transition proposals from ETH 1.0 to 2.0 in 2019.

ETH 2.0 is currently in Phase 0. In this phase, the implementations that allow the merging of both networks begin to be carried out. This requires a considerable change, since this modification implies changing the execution mode in which Ethereum currently behaves.

In later phases, it is planned to complete the merger, which will take place gradually. As planned, being over Phase 2, the ETH 1.0 dApps will be compatible with the ETH 2.0 network.

The reason for this change in consensus in Ethereum

Ethereum has suffered a growing demand for use. The rise of dApps (decentralized applications) and the growing interest in DeFi (decentralized finance) has caused the network to suffer saturations that affect all users and applications that use Ethereum.

The change from PoW to PoS is born as a proposal to improve scalability and lighten the workload. This new model of advice would bring with it the Sharp Chains, which are substrings of the main Ethereum chain, these would also work with PoS and would have their own validator nodes. This would allow to lighten the load within the main chain, since, within the ETH 2.0 network model, each dApp could have its own Sharp Chain and this would avoid congestion in case the main network becomes saturated.

Of course, this is only a proposed model, which in practice seems to solve the current problem. However, the evolution of development remains to be seen and the amount of delays in the launch of ETH 2.0 phase 0 must be taken into account.

The post Merger between Ethereum 1.0 and 2.0: the first technical specifications are published appeared first on World Weekly News.