Hard fork planned for Ethereum

Ethereum is going ahead with a hard-fork publicized by the network's founder, Vitalik Buterin.

He made the announcement in a post on the outlook for Ethereum 2.0 Beacon Chain, which has been dubbed HF1.

Thanks to this hard fork, developers will get an opportunity to do some adjustments to the exciting Beacon Chain and use it as a test for more impactful changes in future. The biggest upgrade in the pipeline is enabling support for light nodes.

Thanks to this change, the Ethereum network will not need as much computing power to run, and mobile devices will be far more adequate platforms for running Ethereum solutions thanks to the implementation of the new nodes.

A special “Sync Committee” will preside over the authenticity of the chain. The way this works is to allow for randomly-assigned special signatures to verify the version of the chain. The main focus on the technical end would be for the network to address slash and inactivity leakage mechanics.

Basically, the hard fork aims to stop consumers losing capital due to inactivity, something that has been brought up by the community time and again. Another thing that is being explored is moderating bad behavior. Malicious and damaging actions could incur stricter sanctions in the ecosystem.

While Buterin has posted the plan for the hard fork, no exact date has been set. All in all, having an updated Ethereum network will make it easier for Ethereum casinos to complete transactions and charge much lower fees.

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Written by Barney


Barney is co-founder of CryptoGamblingNews.com. When not at work he can usually be found behind a Nikon. He's won numerous international competitions for his photography and volunteers as a content creator for aid organisations in Africa.

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