Looking forward and looking forward, the deposit contract is here and the pace of Ethereum 2.0 is approaching.
The Ethereum 2.0 deposit contract has finally been deployed and launched, which means that the Ethereum 2.0 mainnet is close at hand. If the deposit contract successfully attracts 16,000 validators, Ethereum 2.0 will officially set sail on December 1. Would you like to buy a ticket for 32 ETH to sail to the new world of Ethereum 2.0?
What exactly is Ethereum 2.0? How to participate in pledge? How is it different from Ethereum 1.x? Lianwen takes you from the shallower to the deeper, and fully understands the basic concepts, schedule and core new features of Ethereum 2.0.
💡More chain news selections can be viewed here .
What is Ethereum 2.0? How to participate?
” Understanding Ethereum 2.0 from the shallower to the deeper: the most common problems and the most comprehensive learning list “
ConsenSys, founded by the co-founder of Ethereum, Joseph Lubin, introduced the most common problems of Ethereum 2.0 and the most comprehensive list of learning resources.
” Come, let us clarify the five major misunderstandings of Ethereum 2.0 one by one “
Ethereum 2.0 has attracted much attention from the blockchain industry, but there are also many misunderstandings about it. This article selects the five most common misunderstandings and clarifies them one by one.
” Vitalik 4D Explains the Design Principles and Considerations of Ethereum 2.0 Serenity “
Ethereum founder Vitalik Buterin elaborated on Ethereum 2.0 called “Serenity”, including design principles, the compromise between Layer 1 and Layer 2, the use of proof of equity, the reasons for Casper and Sharding, security models, Casper’s incentive mechanism, BLS Signature, random selection of verifiers, LMD GHOST fork selection rules, beacon chain/shard chain structure, verifier life cycle. The design principle document of Eth1.0 chain can be found here.
” Corresponding risks that need to be understood before participating in the Ethereum 2.0 deposit contract “
For ordinary users, becoming a verifier needs to bear many risks, so it is recommended to read the official documents carefully before considering becoming a verifier.
” Ethereum 2.0 will set sail, are you willing to spend 32 ETH on board and sail to the new world of PoS? 》
This article explains the Ethereum 2.0 upgrade process and how to participate.
Ethereum 2.0 Economics and Staking
” Understanding the Economics of Ethereum 2.0: ETH Will Be Scarce “
The Ethereum 2.0 upgrade will strengthen the scarcity of ETH, further consolidate its monetary policy, reduce the ETH issuance rate, burn transaction fees, or make the ETH inflation rate approach zero earlier than Bitcoin.
” An article on Ethereum 2.0 improvements, staking mechanism and business opportunities “
Ethereum 2.0 must solve the four problems of fork selection, finality, sharding, and verifier responsibility, and use different technologies and institutional means to achieve them.
“The stability of the Ethereum 2.0 mortgage mechanism is affected by ETH price fluctuations. How to improve? 》
The Ethereum 2.0 single mortgage token has the risk that the validator will withdraw from the verification due to price fluctuations. This risk can be reduced by using the ETH minting to calculate the income.
” Science | What should I pay attention to when running Ethereum 2.0 validator nodes?” 》
If more and more people choose to run their own validator nodes, the more secure the Ethereum network will be.
” ConsenSys: In-depth analysis of the economic security of Ethereum 2.0 “
The cost of maintaining security for Eth2 will be much lower than that of Eth1, which mainly depends on the three elements of ETH pledge amount, ETH price and volatility.
” Developers must read: Code interpretation to become a validator of Ethereum 2.0, exploring the beacon chain incentive mechanism “
Answer the key Ethereum 2.0 staking questions that developers are most concerned about: use code to interpret the process of becoming an Ethereum 2.0 validator, and explore the beacon chain consensus and incentive mechanism.
Ethereum 2.0 planning and progress
“A comprehensive understanding of the operating mechanism and latest changes of Ethereum 2.0 “
In order for the Ethereum 2.0 network to succeed, the PoS and sharding system must function and be attractive enough to attract economically meaningful components of the Ethereum ecosystem.
” Ethereum 2020 Roadmap Outlook: Eth 1.x and Beacon Chain “
Vitalik Buterin released a roadmap for the future of Ethereum on his tweet. What progress will be made in 2020?
” An article to understand the 2020 Ethereum 2.0 development and planning “
The highly anticipated phase 0 of Ethereum 2.0 is finally coming. Let’s take a look at what changes will be brought by Ethereum 2.0 in 2020? What are the points of concern?
” Ethereum 2.0 Governance Experiment: Designing the entire protocol with an open market model “
In Ethereum 2.0, it is not only to develop software, but to design the entire protocol in a completely open way.
How to transition to Ethereum 2.0?
” Ethereum Migration: How many steps does Eth1 and Eth2 merge? 》
PegaSys product manager Tim Beiko introduced the three steps involved in the merger of Eth1 and Eth2 at the first Ethereum Virtual Summit: stateless Eth1, Phase 0 and Phase 1 of Eth2.
” The Road to Eth2.0 Revolutionizing Eth1.0: Monetary Policy, Statelessness, Account Abstraction, etc. “
Explore the major changes that Eth2.0 brings that may be overlooked.
” Technical details on how to merge the Ethereum 2.0 client and 1.0 engine “
In the Ethereum composite client, the core consensus work is managed by the Ethereum 2.0 client, and the state/block is managed by the Ethereum 1.0 engine.
” An article to understand the characteristics and impact of BETH brought by the one-way bridge of Ethereum 2.0 “
If the Eth1.0 chain is highly likely to be merged into the Eth2.0 chain, then BETH can be exchanged at a price similar to ETH.
Ethereum 2.0 Phase 0: Beacon Chain
“In- depth interpretation of the Ethereum 2.0 beacon chain technology: shards, validators, witness messages and committees, etc. “
Regarding the Ethereum 2.0 beacon chain, this may be the most thorough interpretation.
” How does the Ethereum 2.0 beacon chain improve performance? Brief analysis of committee mechanism and certification information “
The Ethereum 2.0 beacon chain may be launched in 6-8 weeks, let’s learn about its working principle.
” System Detailed Explanation of the Ethereum 2.0 Beacon Chain: Sharding, Verifier, Reward and Punishment and Consensus Mechanism, etc. “
At least 16,384 creation validators are required to activate the beacon chain. The number of validators may be reduced due to confiscation or automatic withdrawal, and will increase with the activation of pledgers.
” An article to understand the network and ecological changes brought about by the Ethereum 2.0 beacon chain “
What new changes will the launch of the Ethereum 2.0 beacon chain in 2020 bring?
” Vitalik Buterin: Against Ethereum 2.0 beacon chain oracle, Layer 1 functions should be clearly restricted “
Ethereum 2.0 researcher Justin Drake proposed to add a price oracle machine to the beacon chain. Vitalik Buterin objected and put forward 6 reasons.
” Technical Analysis of the Principles of State Transition of the Ethereum 2.0 Beacon Chain “
The beacon chain is composed of blocks and progressive states. Blocks are generated, signed, spread across the network, and then used to update the state.
” Five-minute overview of the principles and functions of the Ethereum 2.0 beacon chain “
The beacon chain is like a signal light, directing various actions of the system and storing a large amount of authentication data, but this kind of command is decentralized.
Ethereum 2.0 consensus mechanism and sharding
” HashKey Capital: This article explains the reasons and subsequent impact of Ethereum 2.0’s change to the consensus mechanism “
Ethereum 2.0 is an important stage in the development of Ethereum. In the long run, the change of consensus mechanism by Ethereum 2.0 is beneficial to the development of Ethereum.
“A Brief Talk on Ethereum 2.0: Using Sharding as a Layer 2 Data Availability Layer “
One possible future of Ethereum 2.0 is that, except for one shard, all other shards will become Layer 2 high-throughput data availability blockchains.
” BitMEX: Comprehensive exploration of Ethereum 2.0 transition methods, economic models and sharding, etc. “
The pledge lock-up brought by Ethereum 2.0 may push up the price of ETH in the short term, but its long-term value needs to be driven by supply constraints and sustainable demand.
” Vitalik personally answered the design rules of Ethereum 2.0, staking, sharding, etc. “
Vitalik Buterin answered questions to the Ethereum Chinese community about the operating rules of Ethereum 2.0 nodes, the operation status of each phase of the migration from Ethereum 1.0 to 2.0, staking, and sharding.
” Vitalik Explains the Design Details and Development Status of Ethereum 2.0 Staking in Chinese “
Vitalik Buterin answered in detail the doubts about staking in the Chinese community of Ethereum 2.0. He said that ETH 2.0 is different from the design of popular public chains such as Cosmos and Tezos. The ETH held is decentralized and entrusted to the node for mining.
” Understanding Eth2 Fragmentation Consensus: Supporting hundreds of thousands of validators and ensuring throughput “
The Eth2 fragmented consensus security model is based on the concept that the committee is to some extent an accurate statistical representative of the entire set of validators.
” Three perspectives to explain the validator cost of Ethereum 2.0 “
ETH2.0 will be launched soon, what cost will it cost to become a validator? From three main cost sources: setup cost, infrastructure cost, and operating cost.
Ethereum 2.0 technical interpretation
” Ethereum 2.0 adopts a new architecture, what should smart contract developers pay attention to? 》
Understand the basic architecture of Ethereum 2.0 and the challenges for developers.
” Technical Brief Description of How Ethereum 2.0 Verifiers Generate and Protect Withdrawal Keys “
The Ethereum 2.0 withdrawal key is used to create deposit deposit transactions in Ethereum 1.0 and withdraw ETH in Ethereum 2.0.
” Hardcore Explains How Ethereum 2.0 Achieves Finality: Fork Rules LMD GHOST and PoS Mechanism Casper FFG “
If you have encountered justification (proof) and fnalization (finalization) in the process of learning about Ethereum 2.0, but don’t know what they mean, I hope this article can give you some enlightenment.
” Hardcore Explains the Choice between the Casper FFG and CBC Schemes of Ethereum 2.0 Consensus Mechanism “
Casper FFG is the core consensus mechanism of Ethereum 2.0, and Casper CBC is another consensus mechanism, which is more complicated than the former. The main trade-off between FFG and CBC is: CBC seems to have better theoretical properties, while FFG seems to be easier to implement.
” Five-minute overview of how Ethereum 2.0 finalizes checkpoints: rationalization and certainty “
If you are confused about terms such as justification and finalization in Ethereum 2.0, you are definitely not the only one who is not sure; let us explain in layman’s terms what these two words mean.
