RATE Group | Ethereum Developers Secretly Planning a Surprise Upgrade of the Networks
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Ethereum Developers Secretly Planning a Surprise Upgrade of the Networks

25 Nov Ethereum Developers Secretly Planning a Surprise Upgrade of the Networks

Posted at 18:58h in Ethereum News by

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An internal document reveals that a group of developers is working to fast-track implementation of new changes in the upcoming network upgrades.

One of the most important issues for Ethereum developers at this moment is addressing the scalability problems. Due to the scalability hurdles, several ICO projects are moving away from the Ethereum platform to other emerging ones. Other decentralized platforms like EOS and Stellar Lumes pose a formidable challenge to Ethereum at this moment.

However, the latest report suggests that Ethereum developers are considering a surprise upgrade to boost the network capabilities in short term. Soon after the Devcon4 conference last month in October, developers had four private meetings conducted. Greg Colvin, an engineer of the Ethereum Virtual Machine (EVM) published an internal document on Github. The document gives a highlight into the minutes of the meeting suggesting an upgrade named “ethereum 1x” to arrive by June 2019.

A Sneak-Peek Into…

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