Ethereum (ETH) engineers shared protocol of All Core Devs #10 meeting with latest updates on Kiln testnet and next Ethereum (ETH) fork, Shanghai
The largest smart contract platform, Ethereum (ETH), is nearing a transition to Proof-of-Stake (PoS) consensus, aka The Merge. Ethereum Foundation unveils details of its testing and next upgrade design.
New EVM, reconsidered Beacon Chain withdrawals: What changes in Shanghai?
Mr. Tim Beiko, high-profile Ethereum (ETH) developer and researcher, has published a summary of All Core Devs (ACD) meeting #10. The document describes the latest progress on pre-Merge testnet Kiln and the next steps in Ethereum (ETH) development.
The Kiln testnet was recently launched as a final testing phase before The Merge. Following Kintsugi’s crucial testnet, it is designed to experiment with transactions and infrastructure. Once the oven is closed, the merging processes will be emulated in major Ethereum (ETH) public testnets such as Ropsten, Goerli, Sepolia, etc.
Mr. Beiko stressed that the security of the transition is a top priority for the ACD community:
Although we are close, and this is an incredibly exciting time for the entire community, transition security, more than any target date, is the #1 priority for The Merge.
Then, Ethereum (ETH) engineers started working on the Shanghai upgrade. Its agenda includes the introduction of EVM Object Format or EOF, a new type of smart contracts with advanced functionality.
The Shanghai activation will implement EIP-4895, which enables Beacon Chain withdrawals. The partial withdrawal option will allow Ethereum (ETH) bettors to withdraw rewards, leaving 32 ETH deposits untouched.
Ethereum (ETH) to reduce fees on its L2s: Here’s how
Reduced fees for Ethereum’s L2s are among the most impressive novelties of Shaghai hardfork. It was decided to reduce the cost from 16 gas per byte of CALLDATA (crucial Ethereum function) to 3 gas/byte.
Next, EIP-4844 would implement a new design of Shard Blob Transactions. As covered by U.Today previously, this paves the way for full-fledged sharding in the Ethereum (ETH) novel.
In April, Ethereum (ETH) developers are going to finalize implementations, run multiple short-lived devnets and work with community feedback.
