In recent months, many questions have been raised in the Ethereum community. These include Ethereum’s governance issue, which revolves around ASIC resistance or fund recovery and many more. As the Ethereum network continues to expand, as the community grows and diversifies, the challenges facing the platform will multiply.
Currently, it is difficult to have community discussions on sensitive topics as there is no set of shared values to guide the discussion. To discuss all this, several groups from the Ethereum community met.
EIP0 Summit, commitment to a legitimate governance plan
The EIP0 summit brought together important players from the Ethereum community, including Parity, Gnosis, Aragon, and several other startups. At the summit, participants were able to identify a need to take part in the documentation, understanding and improvement of Ethereum’s governance. The signatories are committed to supporting one or more of these four points:
>> Work on a declaration of Ethereum shared values while extracting the original expectations of the project and the current expectations of the community.
>> Build and support open source software for the collection of different signals and key metrics within the Ethereum community. Among the signals that may interest: transaction volumes, hash power, the number of contracts …
>> Set up a monthly governance call. This will start with the representatives of each group.
>> Arrange a second EIP0 summit, based on the established model and broadening the audience exchange possibilities.
All the actors present at the summit want the community to be involved as much as possible in the process. Stakeholders stated the importance of working on the legitimacy of governance processes.
>> “… reaching consensus on the protocol changes that may be needed will only happen if we work in parallel to ensure the legitimacy of our shared governance processes.”
This suggests that one must be wary of the pitfalls of trying to reach a universal consensus. During these years, the debate over the scaling up of Bitcoin continued, leading indirectly to several forks and different communities.
Stakeholders sensitized the community for further governance efforts, but Ethereum founder Vitalik Buterin did not hear about the meeting. On the social network Twitter, he expressed himself in these terms:
>> “I was not at this meeting; it was organized without my permission or even my involvement. And honestly, I do not know much about what happened there. “
Since participants have engaged in a governance plan without the agreement of Vitalik Buterin, we do not really know what will happen. Vitalik Buterin is focusing on the new Ethereum protocol.
Ethereum, a future transition in sight
Another important fact of the week for Ethereum and its community is the publication of the first version of the new Casper consensus. Spoken by Vitalik Buterin during the Toronto conference as one of Ethereum’s happiest experiments, the future protocol of the Ethereum network has just been published. Casper FFG developer Danny Ryan recently posted version 0.1.0 of the new protocol on GitHub. This first release was put on GitHub for in-depth review by customers, developers and auditors.
When Casper FFG is applied, the Ethereum software will be modified so that actions taken on the blockchain will involve both proof of work (POW) and proof of participation (POS). This new combination will prevent fraud on the network. To update the network registry, there will be a voting system where users will make deposits of Ethereum. In case of fraud, the deposit will be lost.
No date is yet planned for the moment, it is still necessary that the first version be audited. But one thing is certain, a hard fork will be needed because Casper will not be compatible with previous versions of Ethereum.