{"id":306135,"date":"2021-07-23T05:29:22","date_gmt":"2021-07-23T02:29:22","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-improvement-proposal-3675-for-the-eth2-merge-launches-on-github\/"},"modified":"2021-07-23T05:29:22","modified_gmt":"2021-07-23T02:29:22","slug":"ethereum-improvement-proposal-3675-for-the-eth2-merge-launches-on-github","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-improvement-proposal-3675-for-the-eth2-merge-launches-on-github\/","title":{"rendered":"# \u2018Ethereum Improvement Proposal 3675\u2019 for the Eth2 merge launches on Github"},"content":{"rendered":"<p>&#8220;<strong># \u2018Ethereum Improvement Proposal 3675\u2019 for the Eth2 merge launches on Github <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvZTcyNDJlNmQtNGQ3MS00NjA1LTg4ZGQtN2YzNmRlMjdkYmM5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>A formal Ethereum Improvement Proposal has been created for the network\u2019s forthcoming chain merge, bringing Ethereum one step closer to realizing its highly anticipated Proof-of-Stake (PoS) transition.<\/p>\n<p>On July 22, ConsenSys researcher Mikhail Kalinin <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/github.com\/ethereum\/EIPs\/pull\/3675\">created<\/a> a pull-request for EIP-3675 on Github, formalizing the chain merge as an improvement proposal for the first time. The EIP has also been slated for discussion during the July 23 Ethereum Core Devs Meeting by developer Tim Beiko.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Hard to overstate how valuable&#8217;s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mkalinin2?ref_src=twsrc%5Etfw\">@mkalinin2<\/a>&#8216;s work on The Merge has been, and it&#8217;s finally being formalized in an EIP  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/pNRerXFxVf\">https:\/\/t.co\/pNRerXFxVf<\/a><\/p>\n<p>\u2014 Tim Beiko | timbeiko.eth  (@TimBeiko) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TimBeiko\/status\/1418236765333164034?ref_src=twsrc%5Etfw\">July 22, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The proposal would merge the Ethereum and Eth2 chains, transitioning the network\u2019s consensus mechanism away from Proof-of-Work and empowering stakers to validate transactions.<\/p>\n<p>The EIP notes that no \u201csafety nor liveness failures were detected\u201d since the launch of Eth2\u2019s beacon chain in December 2020, adding:<\/p>\n<blockquote><p>\u201cThe 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.\u201d<\/p><\/blockquote>\n<p>Despite the EIP, many leading figures in the Ethereum community, including lead developer Vitalik Buterin, believe it is very unlikely the chain merge will occur during 2021.<\/p>\n<p>The EIP comes amid bidding for the EIP-1559 Supporter NFT <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> which was launched via Mirror on July 21. The nonfungible tokens demonstrate support for the introduction of a burn mechanism to Ethereum\u2019s fee market as part of the network\u2019s coming London upgrades. All proceeds will be shared among 1559&#8217;s contributors, and the tokens were designed by artist &#8220;<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/_kittehdesign\">Kitteh.<\/a>&#8221;<\/p>\n<p>Since the launch of the beacon chain in December, Eth2 has emerged as the second-largest PoS network by staked capitalization in USD terms, with $12.7 billion worth of Ether locked in staking despite less than 6% of its circulating supply having been deposited.<\/p>\n<p>According to Staking Rewards, Cardano has the largest staked capitalization with $24.2 billion and 62% of supply locked. Solana ranks third with $10.2 billion from 74%, followed by Polkadot with $9 billion from 63%.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"consulting_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-improvement-proposal-3675-for-the-eth2-merge-launches-on-github\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# \u2018Ethereum Improvement Proposal 3675\u2019 for the Eth2 merge launches on Github &#8221; A formal Ethereum Improvement Proposal has been created for the network\u2019s forthcoming chain merge, bringing Ethereum one step closer to realizing its highly anticipated Proof-of-Stake (PoS) transition. On July 22, ConsenSys researcher Mikhail Kalinin created a pull-request for EIP-3675 on Github, formalizing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":306136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvZTcyNDJlNmQtNGQ3MS00NjA1LTg4ZGQtN2YzNmRlMjdkYmM5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74891,75326,74876],"class_list":["post-306135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ethereum","tag-ethereum-2-0","tag-proof-of-stake"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/306135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=306135"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/306135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/306136"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=306135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=306135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=306135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}