Tim Pico, a major developer at ETHEREUM Foundation, destroyed the silence on the proposed plan for the retreat of the ETH network. In what he classified as an explanation of Eli5 to non -technical community members, Beiko explained the reason for the impossible restoration.
The historical trend behind the retreat series
Tracking talks about the potential ethereum decline 1.4 billion dollars Beet penetration. With more than 401,000 Eth Siphoned on Chain, senior industrial leaders now call to stop a chain to reverse transactions.
according to Tim Pico on XThe trend of retreat is not a new direction. He returned to Memory Lane, noting that they started with Bitcoin in 2010. At that time, the customer program commissioned 184 billion Bitcoins in Block 74638. At that time, it was easy for Satoshi Nakamoto to publish the correction of error processing.
Also, Theidao, an ethereum protocol, suffered from the penetration in which the bad actors made about 15 % of the total ETH in the reservation. Fortunately, at the time, there was a safe system of failure where the money that was withdrawn for 30 days was frozen before the arrival was given. This allowed Ethereum developers to decline the series and create a new chain.
Tim Picot indicated that the updated chain at that time became ETAREUM, while the old series etherum classic remained.
Why ethereum declined is impossible?
In justifying why it is impossible to reverse the transactions on the ETHEREUM block that led to the penetration, Beiko pointed out the complexity of the current ETH series. Unlike Bitcoin in 2010, which was limited to accreditation and $ 0.07, Ethereum Power’s economic transactions in the real world.
The researcher said that trying to decline the transaction will significantly affect the ecosystem. In addition, he indicated that Lazaros group behind the penetration He had moved ethereum boxes, align with previous reports.
Unlike thesidao, Pico referred to the complications of the decline in these transactions. Finally, the opposition of the ETHEREUM decline in 2018 was identified in a position on Parity Multisig’s Multisig wallet. Despite more than 500,000 ETHEREUMs participating in the case, developers within the ecosystem do not agree to this step.
Ethereum Pectra upgrade Challenge Challenge
While Tim Pico did not highlight this, the protocol expects Petra upgrade To launch in April. This promotion, which was under development for more than a year, is scheduled to enter the test phase next week.
Some experts are concerned that the series declining plans may also affect the promotion of Pectra. ETHEREUM Network Road Map on the right track; However, the reactions in the industry have not yet been resolved on the money that has been moved.
Godfrey Benjamin
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