Ethereum (ETH) engineers shared the protocol for the All Core Devs # 10 meeting to stay up to date on Kiln Testnet and the next Ethereum (ETH) Fork, Shanghai.
- New EVM, Rethinking Beacon Chain Withdrawal: What Will Change in Shanghai?
- Ethereum (ETH) to reduce L2 charges: Here’s how
Ethereum (ETH), the largest smart contract platform, is approaching the proof of stake (PoS) consensus, the transition to merge. The Ethereum Foundation will announce its testing and details of the next upgrade design.
New EVM, Rethinking Beacon Chain Withdrawal: What Will Change in Shanghai?
Tim Beiko, a prominent Ethereum (ETH) developer and researcher, has published a summary of All Core Devs (ACD) Conference # 10. This document describes the latest progress of the test net kiln before merging and the next steps in Ethereum (ETH) development.
There is another ACD update here, later than expected.
2500 words covering the latest Merge update ⛓, Shanghai highlights ?, harmonization of EL & CL governance process ? and protocol guild ? https: //t.co/jImlU7tft4
— Tim Beiko | timbeiko.eth ?? (@TimBeiko) March 25, 2022
The kiln test net was recently launched as the final test phase before merging. It is designed to experiment with transactions and infrastructure, following the critical Kintsugi testnet. Once the kiln is closed, the merge process is emulated on major public Ethereum (ETH) test nets such as Ropsten, Goerli and Sepolia.
Beiko emphasized that migration security is a top priority for the ACD community.
While we are close and this is a very exciting moment for the entire community, migration safety is the highest priority of The Merge above any target date.
Later, Ethereum (ETH) engineers began working on an upgrade in Shanghai. The agenda includes the introduction of a new type of smart contract with advanced features, EVM Object Format or EOF.
Activation in Shanghai will implement EIP-4895, which will allow the withdrawal of the Beacon chain. The partial withdrawal option allows Ethereum (ETH) stackers to withdraw rewards, leaving the 32 ETH deposits unchanged.
Ethereum (ETH) to reduce L2 charges: Here’s how
The Ethereum L2 discount rate is one of the most striking novelties of the Shagai Hard Fork. It was decided to reduce the cost from 16 gas per byte of CALL DATA (an important Ethereum function) to 3 gas / byte.
Next, EIP-4844 implements a new ShardBlobTransactions design. As previously mentioned in U.Today, this paves the way for full-scale sharding on the new Ethereum (ETH).
In April, Ethereum (ETH) developers will complete the implementation, run multiple short-lived devnets, and process community feedback.