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The work on Ethereum 1x has begun

11/26/2018
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  • Ethereum_1x
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Despite the fact that the Ethereum team just recently updated Constantinople, the blockchain again needs to be radically adjusted. The project “ethereum 1x” is already under discussion. Judging by the preliminary information, this time a serious modernization is waiting for the cryptocurrency.

Why Ethereum Update is required

The blockchain technology is now at the forefront of progress, and therefore it needs permanent improvement. The fact that yesterday gave an excellent result, today is obsolete. In order not to lose the lead, the Ethereum team has already begun work on a new update for “ethereum 1x”. It is expected that this time hardfork will go beyond cosmetic changes. A number of issues that need global correction will be resolved. Developers are concerned about several issues, including:

  • the proliferation of the physical size of the blockchain;
  • Update EVM virtual machine;
  • integration of “rental payments”.

A feature of the new hardfork is the desire of the Ethereum team to hold it in the shortest possible time. Although it is planned that it will take place no earlier than June 2019, the changes are too global and will require very active preparation.

The second feature is that some of the team members want to classify it at the preparation stage. The community met the hardfork of Constantinople too coldly, and therefore there was a desire to escape from the pressure. However, Vitalik Buterin spoke out strongly against this approach. Three working groups have already been created that are preparing the first proposals. One of them will search for methods to stimulate users.

The very dynamic development of cryptocurrency forces to accelerate the work. The next conference of the blockchain team Ethereum will be held at the end of November, and even then specific directions will be presented for update developers.

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