{"id":345513,"date":"2021-09-28T21:15:00","date_gmt":"2021-09-28T18:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/eth-2-0-moves-closer-to-fruition-as-devs-set-altair-upgrade-for-october\/"},"modified":"2021-09-28T21:15:00","modified_gmt":"2021-09-28T18:15:00","slug":"eth-2-0-moves-closer-to-fruition-as-devs-set-altair-upgrade-for-october","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/eth-2-0-moves-closer-to-fruition-as-devs-set-altair-upgrade-for-october\/","title":{"rendered":"# ETH 2.0 moves closer to fruition as devs set Altair upgrade for October"},"content":{"rendered":"

“# ETH 2.0 moves closer to fruition as devs set Altair upgrade for October <\/strong>”
\n<\/p>\n

The Ethereum network\u2019s long-planned upgrade to a scalable, proof-of-stake consensus model grows closer as developers set a date for the Altair upgrade.\u00a0<\/p>\n

Altair, which is described as the first mainnet upgrade to the Beacon Chain, is scheduled to take place at epoch 74240, or roughly Oct. 27, according<\/a> to Ethereum Foundation researcher Danny Ryan. <\/p>\n

Ryan described the technical upgrade as follows:<\/p>\n

\u201cThis upgrade brings light-client support to the core consensus, cleans up beacon state incentive accounting, fixes some issues with validator incentives, and steps up the punitive params as per EIP-2982.\u201d<\/p><\/blockquote>\n

EIP-2982 introduces \u201cpunitive parameters\u201d to ensure that the proof-of-stake protocol is economically secure. \u201cInactivity leak\u201d and \u201cslashing\u201d are the two proposed penalties under the improvement proposal. <\/p>\n

Ethereum\u2019s London hard fork arrived almost on schedule on Aug. 5, ushering in the highly anticipated EIP 1559 proposal. Proponents touted EIP-1559 as the deflationary switch because it involved burning base fees, thereby reducing the circulating supply of ETH. <\/p>\n

Related: <\/em><\/strong>Ethereum alternatives and layer-one solutions see steady gains in September<\/em><\/strong><\/p>\n

Joseph Lubin, who co-founded Ethereum before moving on to ConsenSys, said London puts ETH on track to become \u201cultrasound money.\u201d The concept of \u201csound\u201d or \u201cultrasound\u201d money was popularized by the Bitcoin (BTC) community and refers to an asset that is not susceptible to a sudden depreciation in value or purchasing power. <\/p>\n

The ETH price was down sharply on Tuesday, as cryptocurrencies sold off along other risk assets, including stocks. ETH was last seen trading at $2,822, having declined 6.5% on the day. <\/p>\n