ETH 2.0 Gets Closer With Altair Update The Ethereum network | Token Map
ETH 2.0 Gets Closer With Altair Update
The Ethereum network will take another step closer to the Ethereum 2.0 update with the launch of the Altair update on the Beacon Chain on October 27.
Altair Update Highlights Beacon Chain
The Altair update will introduce easy customer support, minor fixes for incentives, accounting for inactivity leaks for each validator, increased criticality, and clearing validator rewards with simplified state management. However, the main function of the Altair update will be to introduce Beacon Chain and its customers to the main network. Beacon Chain,launched last December, is a proof-of-stakerunning on the core network in parallel with proof-of-work. The plan is to go through a real-time upgrade process to test and prepare codebases before the final merger.
Ethereum developer Ben Edgington commented on the upcoming merger:
"The proof of stakeupdate, known as The Merge, will be the biggest update in the history of Ethereum. The Altair update will give us valuable experience, ensuring that the merger goes smoothly when it is ready for rollout in 2022."
Easy Customers And Tough Penalties For Beacon
The Altair update is the first major network update since the August hard fork in London to feature EIP-1559. According to the chief coordinator of the developers Tim Beiko, the Altair update will benefit the system in three directions. First, developers will be able to create lightweight clients in Beacon Chain, which will contribute to a simpler and more cost-effective way to interact with the network. This will eliminate the need to depend on the full node software for verification. Secondly, participants must now be active in order to receive income. They will need to maintain their nodes on the network and update them, as the priority will be penalties for inaction when updating. Finally, the update will act as a test run to make sure the network can be updated in the Beacon chain efficiently.
What Validators Need To Know
Since only 17% of the nodes are left before synchronization (at the time of reporting), the update will not bring any changes for regular users of coins or contracts. However, validators will need to download and download the latest version of the software and restart their nodes as usual. Host owners who do not update the software to the latest version will not be able to join the updated chain. Once the update is done, these node holders will be synchronized with the old chain, which will cause compatibility issues and incorrect reward generation.
