- EIP 3675, created for the forthcoming Chain merge.
- EIP will merge the Ethereum and Eth2 chains.
- Buterin believed that chain mergers are unlikely to occur during 2021.
A formal Ethereum Improvement Proposal (EIP) has been created for the forthcoming chain merger of the network. Leading Ethereum one step closer to attain its most anticipated Proof of Stake (PoS) transition.
Moreover, on July 22 Wednesday, the most trusted Ethereum blockchain solution, Consensys researcher Mikhail Kalinin created a pull request for EIP-3675 on Github. For the first time chain merger authorized as an improvement proposal.
Henceforth, the Ethereum developer Tim Beiko also plans to discuss Ethereum Improvement Proposal (EIP). During the Etehreum Core Developer Conference on July 23.
Accordingly, EIP will merge the Ethereum and Eth2 chains, send the network’s consensus mechanism from the proof of work. Also authorize stakeholders to verify transactions. Ethereum Improvement Proposal (EIP) stated that since the launch of Eth2’s beacon chain in December 2020. Also adding, “The long period of running without failures demonstrates the sustainability of the beacon chain system. And witnesses its readiness to start driving and become a security provider for the Ethereum mainnet”.
Regardless, many authorities in the Ethereum community, including the main developer Vitalik Buterin, believed that chain mergers are unlikely to occur during 2021.
Ethereum Improvement Proposal (EIP) comes in the middle of the auction for the EIP-1559 Supporter NFT series which launched through Mirror on July 21. Non-fungible tokens (NFT) demonstrate support for the introduction of an etching mechanism into the Ethereum fee market as part of upcoming network upgrades in London Hardfork.
Even more, with the launch of the beacon chain in December. Eth2 has become the second-largest PoS network priced in U.S. dollars
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