{"id":468029,"date":"2021-07-23T23:00:59","date_gmt":"2021-07-23T23:00:59","guid":{"rendered":"https:\/\/uniquehot.com\/?p=468029"},"modified":"2021-07-23T17:49:17","modified_gmt":"2021-07-23T17:49:17","slug":"ethereum-eip-3675-launches-on-github","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-eip-3675-launches-on-github\/","title":{"rendered":"Ethereum EIP-3675 For ETH 2.0 Upgrade Launches On GitHub"},"content":{"rendered":"

The Ethereum Improvement Proposal (EIP) 3675 has now launched<\/a> on GitHub. EIP-3675 contains the ETH 2.0 proof of stake merge that is coming to the network. Although this does not mean that the move to proof of stake is happening anytime soon, it is bringing the Ethereum network one step closer to the move from proof of work to proof of stake.<\/p>\n

Consensus researcher <\/span>Mikhail Kalinin <\/span>creating a pull request for the EIP-3675<\/a> on GitHub formalized the chain merge as an improvement proposal for the first time ever. The pull request was made on Thursday 22nd July 2021.<\/p>\n

Related Reading |\u00a0Ethereum Price Could Go Up Over 860% To Break $10,000, Crypto Analyst<\/a><\/strong><\/em><\/p>\n

Ethereum developers continue to work towards the merging of the Ethereum Mainnet with the already up and running Beacon Chain, which would mark the final step for the move to proof of stake.<\/p>\n

The EIP-3675 is meant to set the stage for \u201cThe Merge,\u201d which is slated to be discussed at a core developers’ meeting that will be held on Friday, July 23rd.<\/p>\n

ETH 2.0 Delays<\/h2>\n

Ethereum co-founder Vitalik Buterin had confirmed that the move to ETH 2.0 had been delayed. But according to the CEO, a couple of factors had contributed to the delay of the project.<\/p>\n

Firstly was that they had expected it to take a much shorter time than it would have. When the project was first proposed, the team had believed the move to proof of stake would only take a year. It turned out to be a project that would take at least six years to accomplish.<\/p>\n

\"Ethereum<\/p>\n

ETH price shows downwards movement post-recovery | Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Another problem that the Ethereum upgrade had encountered had been team conflicts. It had been speculated that technical difficulties had been the reason for the continuous delays but in the end, Buterin confirmed that the problem was in fact not related to technical problems. One of the major causes for the delays had been with the people working on the project.<\/p>\n
Related Reading |\u00a0Ethereum Whales Go On Buying Spree, Top 10 Addresses Now Own 20% Of All ETH<\/a><\/strong><\/em><\/p>\n
One of the biggest problems I\u2019ve found with our project is not the technical problems,\u201d said Buterin. \u201cIt\u2019s problems related to people. We have a lot of internal team conflicts in these five years.\u201d<\/span><\/p>\n
Continous disagreements and team conflicts seem to plague the project. The CEO is quoted saying, \u201cif you are building a team, it is important to know who you are working with.\u201d<\/p>\n
Ethereum Progression So Far<\/h2>\n
Expectations for the network continue to remain high. Ethereum price itself has taken hits over the past months as the crypto market continues to be beaten down by bears. But despite the declining prices, holders continue to stake their coins ahead of the move to proof of stake.<\/p>\n
Over 6.3 million ETH have been staked on the Ethereum network, accounting for over 5% of the current circulating supply of ETH.<\/p>\n
Related Reading |\u00a0As Ethereum Price Suffers, Investors Wonder If ETH Can Become Deflationary<\/a><\/strong><\/em><\/p>\n
Investors had hoped shard chains would be rollout this year but this is unlikely as the possible date of launch for the shard chains has now been moved to 2020.<\/p>\n
Ethereum’s price continues to trade above $2,000 after the boost it received from Elon Musk. With a current market cap of $234.05B.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Ethereum Improvement Proposal (EIP) 3675 has now launched on GitHub. EIP-3675 contains the ETH 2.0 proof of stake merge that is coming to the network. Although this does not mean that the move to proof of stake is happening anytime soon, it is bringing the Ethereum network one step closer to the move from proof of work to proof of stake. Consensus researcher Mikhail Kalinin creating a pull request for the EIP-3675 on GitHub formalized the chain merge as an improvement proposal for the first time ever. The pull request was made on Thursday 22nd July 2021. Related Reading |\u00a0Ethereum Price Could Go Up Over 860% To Break $10,000, Crypto Analyst Ethereum developers continue to work towards the merging of the Ethereum Mainnet with the already up and running Beacon Chain, which would mark the final step for the move to proof of stake. The EIP-3675 is meant to set the stage for \u201cThe Merge,\u201d which is slated to be discussed at a core developers’ meeting that will be held on Friday, July 23rd. ETH 2.0 Delays Ethereum co-founder Vitalik Buterin had confirmed that the move to ETH 2.0 had been delayed. But according to the CEO, a couple of factors had contributed to the delay of the project. Firstly was that they had expected it to take a much shorter time than it would have. When the project was first proposed, the team had believed the move to proof of stake would only take a year. It turned out to be a project that would take at least six years to accomplish. ETH price shows downwards movement post-recovery | Source: ETHUSD on TradingView.com Another problem that the Ethereum upgrade had encountered had been team conflicts. It had been speculated that technical difficulties had been the reason for the continuous delays but in the end, Buterin confirmed that the problem was in fact not related to technical problems. One of the major causes for the delays had been with the people working on the project. Related Reading |\u00a0Ethereum Whales Go On Buying Spree, Top 10 Addresses Now Own 20% Of All ETH One of the biggest problems I\u2019ve found with our project is not the technical problems,\u201d said Buterin. \u201cIt\u2019s problems related to people. We have a lot of internal team conflicts in these five years.\u201d Continous disagreements and team conflicts seem to plague the project. The CEO is quoted saying, \u201cif you are building a team, it is important to know who you are working with.\u201d Ethereum Progression So Far Expectations for the network continue to remain high. Ethereum price itself has taken hits over the past months as the crypto market continues to be beaten down by bears. But despite the declining prices, holders continue to stake their coins ahead of the move to proof of stake. Over 6.3 million ETH have been staked on the Ethereum network, accounting for over 5% of the current circulating supply of ETH. Related Reading |\u00a0As Ethereum Price Suffers, Investors Wonder If ETH Can Become Deflationary Investors had hoped shard chains would be rollout this year but this is unlikely as the possible date of launch for the shard chains has now been moved to 2020. Ethereum’s price continues to trade above $2,000 after the boost it received from Elon Musk. With a current market cap of $234.05B.<\/p>\n","protected":false},"author":541,"featured_media":468031,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[83926,8323,37678,1946,35181,8686,78803],"class_list":["post-468029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eip-3675","tag-eth","tag-eth-2-0","tag-ethereum","tag-ethereum-2-0","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum EIP-3675 For ETH 2.0 Upgrade Launches On GitHub<\/title>\n<meta name=\"description\" content=\"The Ethereum Improvement Proposal (EIP) 3675 has now launched on GitHub. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum EIP-3675 For ETH 2.0 Upgrade Launches On GitHub","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-eip-3675-launches-on-github\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-eip-3675-launches-on-github\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/07\/eth-2.0.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/07\/eth-2.0.png?fit=1024%2C683"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eip-3675","eth","eth 2.0","ethereum","ethereum 2.0","ethusd","ethusdt"],"dateCreated":"2021-07-23T23:00:59Z","datePublished":"2021-07-23T23:00:59Z","dateModified":"2021-07-23T23:00:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum EIP-3675 For ETH 2.0 Upgrade Launches On GitHub\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-eip-3675-launches-on-github\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-eip-3675-launches-on-github\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/eth-2.0.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/eth-2.0.png?fit=1024%2C683\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eip-3675\",\"eth\",\"eth 2.0\",\"ethereum\",\"ethereum 2.0\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2021-07-23T23:00:59Z\",\"datePublished\":\"2021-07-23T23:00:59Z\",\"dateModified\":\"2021-07-23T23:00:59Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/07\/eth-2.0.png?fit=1024%2C683","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/468029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=468029"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/468029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/468031"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=468029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=468029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=468029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}