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You are here: Home / Cryptocurrency News / Altcoin News / Ethereum Update: High-Stakes EIPs Unveiled

Ethereum Update: High-Stakes EIPs Unveiled

By Lipika Deka | Edited By Lipika Deka,February 17, 2024, 10:34 AM

Ethereum

After setting the calendar for Ethereum’s Dencun upgrade, developers have huddled together for the next course of events. The client teams are set to release final versions of the mainnet hard fork, which will be tested through a shadow fork by February 23. Upon successful implementation, lead developer Tim Beiko would release an official blog post announcing the Dencun upgrade early in the week thereafter, mostly on Feb 26th. 

The focus of the meeting expanded to the potential EIPs for the next fork, Pectra, and retroactively applied EIPs. Some notable mentions include the EIP-7610 proposed by the GETH Team, which seeks to integrate a third check for storage to add space for deploying a contract to an address.

Ethereum

Another EIP in focus was EIP-7523, which proposes removing empty accounts on post-merge networks, citing instances of these wrecking havoc during the Shanghai DoS attacks. The team stated that the presence of empty accounts imposes a legacy of technical debt and demands its explicit ban.

The meeting ended with a brief mention of additional discussions on Pectra candidate EIPs, highlighting the need for further exploration and detailed conversations on specific topics like account abstraction and evolving externally owned accounts [EOAs]. A breakout room is mentioned for a deeper conversation on these matters in the coming weeks.

Recently, Go Ethereum, the biggest Ethereum execution layer client, released a new version of its software, called Edolus. Also known as Geth v1.13.12., the software includes the network fork number for Cancun. The feature would facilitate a smooth and seamless transition to the new Ether rules when Dencun goes live next month.

Ethereum Software Fix Bug In Miner Tips Rules

As reported by TronWeekly, the update was also brought to resolve a bug in the miner tips enforcement rules. The update further suggests validators who don’t take advantage of miner extractable value to review their miner gas price flag if they want to change it.

The Dencun upgrade, which is divided into two parts, Cancun and Deneb, is expected to go live on March 13, 2024, and is set to introduce significant changes to the Ethereum blockchain, such as the “proto-danksharding” feature.

Filed Under: Altcoin News, Cryptocurrency News

About Lipika Deka

Lipika is a crypto-journalist at TWJ. A graduate in economics and finance, she has a keen interest in the political and socio-economic facets of blockchain technology and the cryptocurrency industry.

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