CryptoCoinsInfoClub.com

Ethereum Eip Process

Despite Controversy, Vitalik Buterin Says Ethereums Governance Not That Bad

Despite Controversy, Vitalik Buterin Says Ethereums Governance Not That Bad

Despite Controversy, Vitalik Buterin Says Ethereums Governance Not That Bad Ethereums cofounder, Vitalik Buterin, has spoken out about the controversy over the projects governance, saying the process is not that bad but is just poorly communicated. Ethereums controversial fund recovery proposal, EIP 867, has not only reignited the debate about Blockchain immutability, but is creating quite a stir about Ethereums system of governance. EIP stands for Ethereum Improvement Proposal, and the EIP process is outlined in EIP 1. EIPs are intended : To be the primary mechanism for proposing new features, for collecting community input on an issue, and for documenting the design decisions that have gone into Ethereum. As such, an EIP is simply a proposal, not an accepted idea. In order to be merged into Ethereums code base, the EIP has to go through an extensive approval process. An idea must also fit into an accepted category, such as core or networking improvements. In order to be considered by the community, the idea must be written up in the specified EIP format, then submitted as a pull request on the projects GitHub repository. Once the EIP is submitted as a pull request, Ethereums EIP collaborators will discuss the EIP and if they agree it should move forward, they will assign it to an EIP editor who will assign an EIP number and add it to the projects repository. EIPs are not supposed to be unreasonably denied, and should only be rejected by the EIP editor due to : Duplication of effort, being technically unsound, not providing proper motivation or addressing backwards compatibility, or not in keeping with the Ethereum philosophy. At that point, the idea is converted into an implementation, or code, that can be merged into the Ethereum software clients. Once the implement Continue reading >>

The Beginners Guide To Ethereums Roadmap

The Beginners Guide To Ethereums Roadmap

The Beginners Guide to Ethereums Roadmap Ethereums mission is to become a decentralized world computer that replaces server farms. Think of it as a single computer that the whole world can use. It cant be shut down or turned off. As an overview, heres a beginners guide to Ethereum and an explanation of how it technically works . If Ethereum is a computer, then each one of these updates can be looked at as an operating system (OS). Similar to Google launching Android Oreo or Apple launching iOS 10, Ethereum is launching in four stages. Each stage adds new features and improves the user friendliness and security of the platform, while allowing Ethereum to scale. Frontier (July 2015) First live release of the Ethereum network. It allowed developers to experiment, mine Ether, and begin building dApps and tools. Homestead (March 2016) First production release of Ethereum that brought many protocol improvements which lay the foundations to future upgrades and for speeding up transactions. Metropolis (Oct 2017) Lighter, faster and more secure Ethereum broken down into two releases: Byzantium (Oct 2017) and Constantinople (TBA) Serenity (TBA) Will bring us the long-awaited Proof of Stake using the Casper consensus algorithm. All of these updates will help Ethereum scale, which means faster transaction times and lower fees for everyone. As you can see, the Ethereum team has done a great job of scaling transactions. Metropolis promises to be a lighter, faster and more secure version of Etherem. It will also provide greater flexibility to smart contract developers. Metropolis will be split into two core releases: Byzantium and Constantinople. The first hard fork (Byzantium) took place in October . The second hard fork (Constantinople) does not have a set date yet but is expected Continue reading >>

Eips/eip-867.md At Master Ethereum/eips Github

Eips/eip-867.md At Master Ethereum/eips Github

Provide a standardized format for Ethereum Recovery Proposals (ERPs), which relate to recovery of certain classes of lost funds. Individual ERPs will follow the same process as any EIP, but will be formatted and evaluated in a standard way to ensure consistency and transparency. This EIP does not advocate for or against the acceptance of any particular recovery proposals, nor would its acceptance alone result in any state changes to the blockchain. This proposal identifies a common solution method that can be used to address certain classes of lost funds on the Ethereum blockchain. In particular, it is intended to address cases where there is no disagreement about the right outcome between directly affected parties, enabling timely and low-risk solutions to many issues that have already occurred or are likely to occur again as Ethereum grows. The solution method is divided into three parts: Standards that will need to be met by any follow-on ERP in order to be considered for approval. Recommendations for a common format for ERPs to use to specify a set of corrective actions that can be interpreted by clients. Guidelines for client teams to implement code that can read, interpret, and apply the corrective actions at a specific block. The set of possible corrective actions is intentionally limited to minimize risk associated with any ERP. The issue of fund recovery on the Ethereum blockchain is often controversial. Frozen fund recovery proposals are almost never successful due to the relatively ad-hoc nature of such requests and the subjectivity that is often required to evaluate the merits. This EIP attempts to remove these barriers by providing both a standardized format for fund recovery EIPs and an objective standard by which to measure future proposals. This EIP des Continue reading >>

Ethereum: Ethereum Improvement Proposals (eips)

Ethereum: Ethereum Improvement Proposals (eips)

Ethereum Improvement Proposals (EIPs) describe standards for the Ethereum platform, including core protocol specifications, client APIs, and contract standards. an EIP that is open for consideration and is undergoing rapid iteration and changes. an EIP that is done with its initial iteration and ready for review by a wide audience. a core EIP that has been in Last Call for at least 2 weeks and any technical changes that were requested have been addressed by the author. The process for Core Devs to decide whether to encode an EIP into their clients as part of a hard fork is not part of the EIP process. If such a decision is made, the EIP will move to final. an EIP that has been in Last Call for at least 2 weeks and any technical changes that were requested have been addressed by the author. an EIP that the Core Devs have decided to implement and release in a future hard fork or has already been released in a hard fork. an EIP that is not being considered for immediate adoption. May be reconsidered in the future for a subsequent hard fork. EIPs are separated into a number of types, and each has its own list of EIPs. Describes any change that affects most or all Ethereum implementations, such as a change to the the network protocol, a change in block or transaction validity rules, proposed application standards/conventions, or any change or addition that affects the interoperability of applications using Ethereum. Furthermore Standard EIPs can be broken down into the following categories. Improvements requiring a consensus fork (e.g. EIP5, EIP101), as well as changes that are not necessarily consensus critical but may be relevant to core dev discussions (for example, the miner/node strategy changes 2, 3, and 4 of EIP86). Includes improvements around devp2p (EIP8) and Ligh Continue reading >>

Ethereum Developers May Implement Eip-2025 In The Next Hard Fork

Ethereum Developers May Implement Eip-2025 In The Next Hard Fork

Ethereum Developers May Implement EIP-2025 in The Next Hard Fork The Ethereum team is reportedly considering EIP-2025 as an enhancement during Istanbul. This move has already cause considerable controversy among developers because of the corresponding increase in inflation rate. Accordingly, the proposal has sparked both debate and backlash from a contingent of developers. 4/ The EIP process is supposed to be a purely technical process. Consider it a technical review of the proposed standard for soundness and viability. There is no capacity or capability for handling things like politics or measuring social contention. The information from the Ethereum core notes for the Ethereum Improvement Proposals (EIP) shows the same. An EIP provides information to the Ethereum community. Needless to say, blockchain platforms like Ethereum are open-source and community participation is a core part of the platform. In such a scenario, the criterion for rewards allocation is certainly a bone of contention. This is why the proposal has caught the attention of many developers. The document for plans outlined proposals to create more ether per block for a period of 18 months. As a result, this will increase flow to a funding organization. The end result is fueling development of the Ethereum ecosystem. Essentially, EIP-2025 proposes 0.0055 ETH` per block for 18 months as a developer block reward reserved for funding Ethereum1.X development. This move will increase the block rewards within the stipulated time frame. To the core developers, the increasedliquidity in the form of block reward can be a good thing for spurring moreinnovation. Needless to say, not everyone shares this opinion. Developers were quick to jump on thisinformation. Unsurprisingly, most of them had a negativereactio Continue reading >>

Ethereum Gas Fees Made Easy With Eip-1559

Ethereum Gas Fees Made Easy With Eip-1559

Ethereum Gas Fees Made Easy with EIP-1559 Ethereum Gas Fees Made Easy with EIP-1559 The Ethereum gas fees youre familiar with may be changing thanks to EIP-1559 . This proposal seeks to do away with the old and sometimes frustrating gas fee auction system. As an alternative, EIP-1559 proposes a BASEFEE, which would make the experience of paying for transaction fees so much smoother. EIP-1559 simplifies how you pay for Ethereum gas fees We can all agree that the current auction-style fee system can be frustrating. Ever wanted to just send a transaction without worrying about how busy the network is? Youll be happy to hear that EIP-1559 automates the auction process by creating a BASEFEE that automatically adjusts in a predictable way based on network congestion. When the network is at >50% capacity, the BASEFEE goes up. And when capacity is at <50%, the BASEFEE goes down slightly. You can predict the maximum amount the BASEFEE could change from block to block. Therefore, your wallet can be set to pay the BASEFEE along with a tip for the miner (you can choose the tip amount). Say goodbye to Insufficient funds for gas messages I think weve all encountered this phrase. You probably hate seeing that message as much as I do. But with EIP-1559s simple BASEFEE, you can forget all about it. We reached out toEric Conner, founder of EthHub and co-author of EIP-1559, for his thoughts on the matter. He shared his thoughts on the impact of EIP-1559: The biggest impact for a day to day user is twofold. First, the cost for a transaction to get into the next block will be very predictable. This means that wallets will be able to guide users much easier to the cost they need to pay to get into the next block. Today, there is only very basic retroactive guidance so the user really has no Continue reading >>

Improving Ethereum With Eips

Improving Ethereum With Eips

With an entire community working together to advance the Ethereum blockchain, ETHNews examines the formal process for vetting and implementing suggestions on the platform. As a complex multifaceted platform, the Ethereum blockchain represents the cumulative efforts of numerous individuals. To coordinate this crowdsourced project, developers of Ethereum have come up with a process by which proposals can be workshopped, discussed, and possibly integrated into the Ethereum blockchain. Many of the novel and sometimes groundbreaking developments of Ethereum promulgate from members of the community. Anyone with a GitHub account can submit suggestions in the form of what are called Ethereum Improvement Proposals (EIPs). EIPs are designed to provide a format for presenting ideas that is simple and digestible to newcomers. Others can then comment on ways to help drive the proposals forward, or pick them apart to see if they have any merit. EIPs are useful for evolving protocols, processes, or responses to environmental changes. EIPs can be broken down into three types. The first, a Standard Track EIP, covers any change that will affect all or most implementations of the Ethereum blockchain. Standard Track EIPs can be thought of as broad layer changes and might cover alterations to network protocols, application standards, or interoperability among Ethereum applications. In addition, Standard Track EIPs can be further delineated into subcategories: core, networking, interface, and Ethereum request for comment (ERC). Core improvements are often changes that require a consensus fork, relative to discussions of "core" developers. Networking focuses on light client improvements or general network protocol alterations. Interface submissions are aimed at client API/RPC protocols. ERCs Continue reading >>

Best Site To Monitor Cryptocurrency Ethereum Eip Free Up Frozen Ether Contracts

Best Site To Monitor Cryptocurrency Ethereum Eip Free Up Frozen Ether Contracts

Best Site To Monitor Cryptocurrency Ethereum Eip Free Up Frozen Ether Contracts Finally, if accepted, the class of EIP named ethereum recovery proposals ERPswould be subject to the same evaluation process of any code proposal on the platform. Please provide accurate translations where appropriate. Tickets are selling fast. Apr 6, at In this perspective, code errors, like software faults that can be hacked or broken, are painful but necessary lessons for development. Ethereum nodes are more distributed around the world than Bitcoin thecryptofame. In this, it falls into another category, called a "meta EIP," which is a way to collect and formalize EIPs that fall within a certain category -- in this case, recovery proposals. How Do Bitcoin Transactions Work? Former EIP editor Yoichi Hirai initially rejected the proposal on account of its failure to align with the "ethereum philosophy"-- one of the categories of judgement in the formal EIP process. As a user wrote on Reddit:. Litecoin Minerd Help Cryptocurrency Rates In Inr Do Smart Contracts Work? They don't have a dog in this race. Just because Litecoin Ameritrade How To Open An Account On Gemini Cryptocurrency keep trying doesn't mean we will eventually give in. Last year, a faulty ethereum address generator saw Kraken exchange and wallet provider MyEtherWallet lose hundreds of thousands of customer funds. Toward this, developer of ethereum's Mist browser Alex Van de Sande has proposed a system whereby fund recovery could be possible without software upgrades, but instead by setting up an insurance pool for ether refunds. This is not the first time Ethereum will need to hard fork as an emergency to free funds. Influencing this decision was the belief that "code is law," which means that on a blockchain, all executions a Continue reading >>

Ethereum Classic - Wikipedia

Ethereum Classic - Wikipedia

Ethereum Classic is an open-source , public, blockchain -based distributed computing platform featuring smart contract (scripting) functionality. [1] [2] It provides a decentralized Turing-complete virtual machine , the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum Classic also provides a value token called "classic ether", which can be transferred between participants, stored in a cryptocurrency wallet and is used to compensate participant nodes for computations performed. The classic ether token is traded on cryptocurrency exchanges under the ticker symbol ETC. Gas, an internal transaction pricing mechanism, is used to prevent spam on the network and allocate resources proportionally to the incentive offered by the request. [3] [4] [5] [6] The Ethereum platform has been forked into two versions: "Ethereum Classic" (ETC) and "Ethereum" (ETH). Prior to the fork, the token had been called Ethereum. After the fork, the new tokens kept the name Ethereum (ETH), and the old tokens were renamed Ethereum Classic" (ETC). Ethereum Classic appeared as a result of disagreement with the Ethereum Foundation regarding The DAO Hard Fork. It united members of the Ethereum community who rejected the hard fork on philosophical grounds. Users that owned ETH before the DAO hard fork (block 1920000 [7] ) owns an equal amount of ETC after the fork. Ethereum Classic passed a technical hard fork to adjust the internal prices for various opcodes of the Ethereum Virtual Machine (EVM) on October 25, 2016, similar to the hard fork committed by Ethereum a week previously. The purpose of the hard fork was a more rational distribution of payments for resource-intensive calculations, which led to the elimination of the favorable con Continue reading >>

How Ethereum Improvement Proposals (eips) Work

How Ethereum Improvement Proposals (eips) Work

Keep up to date with all the latest news from Coin Rivet. By signing up, you agree to our terms & conditions and privacy policy Coin Rivet offers a fast, secure and easy way to buy and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash How Ethereum Improvement Proposals (EIPs) work Ethereum Improvement Proposals (EIPs) describe standards for the Ethereum platform, including core protocol specifications, client APIs, and contract standards To fully understand the need for ERC (Ethereum Request for Comments) standards, you should understand how updates, upgrades, and code changes take place in Ethereum. Ethereum Improvement Proposals (EIPs) describe standards for the Ethereum platform, including core protocol specifications, client APIs, and contract standards. These are proposed by any Ethereum community member and then discussed internally. Only after you fully understand the connection between EIPs and ERCs can you understand how ERCs work. So, first things first. Before diving in to what EIP status means, you ought to understand what the purpose of each EIP type is and why theres a wide variety of them. Standard Track: This describes any change that affects most or all Ethereum implementations, such as a change to the network protocol, a change in block or transaction validity rules, proposed application standards/conventions, or any change or addition that affects the interoperability of applications using Ethereum. Core: This refers to improvements requiring a consensus fork (such as EIP5 and EIP101) as well as changes that are not necessarily consensus critical but may be relevant to core dev discussions (for example, the miner/node strategy changes 2, 3, and 4 of EIP86). Networking: This includes improvements around devp2p (EIP8) and the Light Ethereum Subprotocol Continue reading >>

Ethereum/eips - Gitter

Ethereum/eips - Gitter

hello everyone. I've been brainstorming on a means of introducing two-factor auth transactions into a cryptocurrency in an effort to store coins more securely. I've come up with a means of doing so and documented the concept on my github ( ). This implementation is more bitcoin focused, but is it worthwhile for me to think of an ETH implementation and open a EIP? Or is my idea completely stupid nevermind, the more i think about it, the more i realize this isn't possible on ETH. Apologies @CBarraford You know, you can have other factors using multisigs (or by combining keys with ECDSA) A passphrase can be converted to a key, or a tweak to a key. And a hardware wallet is "something you have" Hi! I have been looking for documentation on how abstracted accounts will be able to 'sign data', similar to how you can do with EOAs now with web3.eth.sign(...). Have been looking through Casper FFG code but can't figure out what is doing. For a project, I have been thinking about how to make 'regular contracts' sign data in a similar way that EOA accounts can, that can later be 'recovered' by contracts. Thinking about making it an EIP if it does make sense with how this will work after abstraction. A draft of the idea can be found here: Contracts can't have private keys, and so can't sign data. They can make calls, though, so a better approach is to have a contract that records assertions made by accounts, instead of signatures. forgot to quote 'sign data'. My proposal would be to have a standard deployed contract that could be trusted with assertions made by accounts, instead of having each app implement their own mechanism for contract assertion. An initial interface is outlined in my comment on the issue linked above Have there been any EIPs related to including signature aggreg Continue reading >>

Eips/eip-1.md At Master Ethereum/eips Github

Eips/eip-1.md At Master Ethereum/eips Github

2015-12-07, 2016-02-01, 2018-03-21, 2018-05-29, 2018-10-17, 2019-05-19, 2019-12-04 EIP stands for Ethereum Improvement Proposal. An EIP is a design document providing information to the Ethereum community, or describing a new feature for Ethereum or its processes or environment. The EIP should provide a concise technical specification of the feature and a rationale for the feature. The EIP author is responsible for building consensus within the community and documenting dissenting opinions. We intend EIPs to be the primary mechanisms for proposing new features, for collecting community technical input on an issue, and for documenting the design decisions that have gone into Ethereum. Because the EIPs are maintained as text files in a versioned repository, their revision history is the historical record of the feature proposal. For Ethereum implementers, EIPs are a convenient way to track the progress of their implementation. Ideally each implementation maintainer would list the EIPs that they have implemented. This will give end users a convenient way to know the current status of a given implementation or library. A Standard Track EIP describes any change that affects most or all Ethereum implementations, such as a change to the network protocol, a change in block or transaction validity rules, proposed application standards/conventions, or any change or addition that affects the interoperability of applications using Ethereum. Furthermore Standard EIPs can be broken down into the following categories. Standards Track EIPs consist of three parts, a design document, implementation, and finally if warranted an update to the formal specification . Core - improvements requiring a consensus fork (e.g. EIP5 , EIP101 ), as well as changes that are not necessarily consensus c Continue reading >>

Proposal To Restore A Destroyed Ethereum Contract | Hacker News

Proposal To Restore A Destroyed Ethereum Contract | Hacker News

If they want to change history to help a privileged group of people, they should have a generalized mechanism and process for doing so. If I can prove I accidentally lost 1 ETH, let alone millions, I should be able to retrieve it via that same process. I love Lord Vitalik as much as any ETH nerd, but the more he dictates to help his friends, the more it will hurt the ecosystem. The "generalized mechanism for doing so", in this case, would be the EIP process itself, no? It's a bit like those clients that say of their software, in its requirements, "I want my software to be customizable after-the-fact with any new logic I desire, up-to-and-including the power to completely rewrite the application." Some people try to solve this problem as stated, resulting in the . Other people recognize what's happening, and just respond with "the customization mechanism is the source code. You can customize it at any time by contracting a programmer to do so for you." The FDIC of the Ethereum blockchain seems to beas this example, and the earlier example of the DAO, would suggestthe Ethereum maintainers themselves. The way the Ethereum maintainers propose changes to the consensus protocol to fix problems is through EIPs. So, if there's an Ethereum "natural disaster", the natural thing to expect in response would be an EIP. (as opposed to the Ethereum Classic blockchain, which has no such entity, which is rather the point of the fork.) You could create another layer atop the EIP process, formalizing specifically the recovery process from a "loss of money" event... but it's really going to boil down to a consensus-algorithm change in the end, so an EIP is going to have to be involved. (Unless you're suggesting that there should be some way, within the Ethereum VM itself, to aribtrate dis Continue reading >>

Ethereum Developers In Heated Debate Concerning Fund Recovery Proposal

Ethereum Developers In Heated Debate Concerning Fund Recovery Proposal

Ethereum Developers in Heated Debate Concerning Fund Recovery Proposal Therehave been countless cases of crypto wallet hacks that have often led to the loss of enormous amounts of funds. At current, Ethereum developers are at crossroads concerning the fund recovery proposal EIP 867. This improvement could enable stolen funds to be returned to their rightful owners after being taken. Some Ethereum senior programmers are calling for an open debate to come up with the best steps to take in improving the network to make it possible to return funds lost in notorious hacks and other crypto pitfalls. on February 9, 2018, at their routine bi-weekly meeting, some programmers endorsed the controversial Ethereum improvement proposal EIP 867 , which provides a standardized format for recovery of certain classes of lost funds. However, the proposal has attracted a lot of criticism as other senior members like Yoichi Hirai do not support making changes to the Ethereum protocol just because some investors ether was stolen by hackers or lost due to ignorance on the part of the owner. Yoichi Hirai wrote in a blog post that he is not going to move a finger for such changes, adding that: The choice comes from my personal belief that each user of Ethereum is responsible for their use of Ethereum. I also believe that, if others pay for a users mistake, the payment should be voluntary donations (as opposed to freeing stuck tokens). And, originally, I just wanted a simple, deterministic virtual machine that doesnt change frequently. While both the supporters and critics of the EIP 867 proposal are still trying to reach a consensus, Ethereum developer Vlad Zamfir told stakeholders present at the meeting that: These proposals, especially proposals that do set important precedents, that impact Continue reading >>

Protocol - How Do Upgrades At Ethereum Work? - Ethereum Stack Exchange

Protocol - How Do Upgrades At Ethereum Work? - Ethereum Stack Exchange

You have to program the code to that will upgrade the client software. This code will start from some block number, say 6,000,000 . Everybody gets ready for this date and buys some champagne to celebrate. When this block is created the fork happens, and the clients of the entire network start working a little bit differently, this difference is described in EIP (Ethereum Improvement Proposal). If you want to change something, create an EIP and submit it, if it is good enough, Vitalik may accept it. Thank you for your answer. What happen if somebody does not "update" the software and continue with the old one? Bruce Wayne Nov 21 '17 at 19:11 @BruceWayne it depends. if it is a soft fork, he won't be benefiting from the new changes. If it is a hard fork he won't be able to download the full blockchain. If he is a miner this means he will not be able to mine and will lose money. This will be show as "bad block" error during the download process. Nulik Nov 21 '17 at 20:36 @BruceWayne, what idea of improvement do you have? I have my own private network, maybe we can develop the changes you want to incorporate to Ethereum, on our own network and you will be able to use it Nulik Nov 21 '17 at 20:41 I understand perfectly, thank you also for this answer. I don't have any particular improvement: i'm just studying every details of this technology, for the moment. :) Bruce Wayne Nov 23 '17 at 9:38 Continue reading >>

More in ethereum