Ethereum 2.0 set to undergo first hard fork upgrade.

[Malam90]

The first Ethereum 2.0 hard fork is aimed to be a general test before introducing deeper changes.
Ethereum co-founder Vitalik Buterin published a plan on Monday for the first hard fork of the new Ethereum 2.0 Beacon Chain, tentatively named HF1.

The hard fork would allow the developers to introduce several key upgrades to the recently launched Beacon Chain, which would also serve as a useful test for deeper changes in the future.

The biggest practical change is the support for light clients — nodes that would have minimal resource requirements and could run on mobile devices. This would allow for “trust-minimized wallets” that are able to verify the blockchain on their own instead of relying on external service providers.

Light client support is introduced through special-purpose “sync committees,” groups of validators that are randomly assigned to create special signatures that make it easier to determine the correct version of the chain.

Other improvements include fixes to fork choice rules, where developers identified several instances of the protocol being potentially vulnerable to reorganization attacks. The issues are subtle and require precise timing, but they could have allowed malicious actors to exploit the network while controlling a small portion of validators. These weaknesses were known before launch but were discovered too late to be fixed in time, Buterin wrote.

In terms of practical changes, the hard fork aims to overhaul how the slashing and inactivity leakage mechanics work. Currently, stakers on Eth2 may lose a portion of their capital either due to being inactive or by attempting to support a minority fork of the chain, which is punished with slashing.

Inactivity leakage was sometimes considered a deterrent to home staking, due to being penalized for force majeure issues like a patchy internet connection or blackouts. While the system was set up to be very lenient, the team is now further tweaking the mechanism to make life simpler for stakers with unstable connections. The leak is set to become quadratic, meaning that there will be a significant difference between intermittent and continuous inactivity. For a rough example of the magnitude, a staker who experienced 10 outages for a six minutes each, totaling one hour, would lose 10 times less than another staker who simply disconnected their machine for one continuous hour.

Inactivity leaks will also end gradually instead of immediately, which ensures that offline nodes will keep losing value until the network is well above the necessary threshold for security.

While some of the changes make the system more lenient for honest mistakes, the team is changing some parameters to introduce harsher monetary penalties for bad behavior. This is aimed to “weaken the training wheels” of the system.

It is unclear when the hard fork will be performed, with development and review still required for some of the details of the proposal. In the meantime, the Ethereum developers are trying to come up with a naming convention for HF1 and future hard forks. Proposed themes so far include names of stars, planetary systems, World of Warcraft zones and months of the year, among others. Source Link

[Noverteno]

At least some news on the progress of Ethereum 2.0 improvements. What has been written has more to do with the technical aspects of this process. However, most of the participants in this market are interested in the more practical question of reducing transaction fees on the ethereum network. Now many people write that they cannot trade tokens due to high gas fees, which makes moving and even selling them unprofitable, since transaction fees consume a significant part of the token value. Also, project teams stopped paying new tokens earned to participants in bounty campaigns for the same reason. The situation has become directly threatening. However, we still do not know even an approximate time frame for improving the situation in this matter.
However, it is already good that Ethereum 2.0 does not stand still.

[Zed0X]

^ A couple of months ago, I also read a proposal from Vitalik on temporarily reducing gas fees but, IIRC, it's currently not their priority. We'll probably have to wait one or two more years.

Still, Blockchain security comes first as we do not want to see another attack similar to what happened with DAO.