In March of this year, Etherum will make its first major update to the equity certification system software since it was converted in September-also known as the "hard fork". Once the ETH is about to be officially launched in Shanghai, 16 million Ethernet (Ethernet) will eventually need to be obtained by the verifier who helps operate the Internet.

While there is no doubt that Beijing's key focus is on implementing the Ethernet improvement proposal-4895-enabling changes withdrawn by verifiers-the roster of all changes for upgrade and update has just been agreed upon, it mainly includes additional updates that must be taken into account by Ethernet application developers and most Ethernet application customers.

What is EIP-4895?

The star in Beijing is EIP-4895, which will release verifiers and allow them to withdraw the 16 million euros they have been betting on to help ensure network security.

When Etherum changed its consensus mechanism from work unit certification (PoW) to risk verification (POS) in its last large update called collage, the Internet widely used validators rather than excavators to add blockchains to blockchains. The validator must have a 32 ETH relationship with the chain to participate in the whole process of block verification. Every ETH is like a lottery ticket: the larger the ETH held by verifiers, the more likely they are to be chosen to "suggest" the next ethernet deal and receive some Internet reward.

Before verifiers are allowed to participate in the POS blockchain, they are told that their bets on ETH and other cumulative rewards will remain locked until the chain is upgraded. Verifiers have been betting on ETH and accumulating rewards since December 2020, when Etherum released its PoS "Beacon Chain", which was the first step towards putting it together. Now, the verifier can finally redeem his equity.

What is the necessity of hard forks in Shanghai?

EIP-4895 is a key focus of the promotion, as gamblers are likely to need to gradually repay all the rewards they have received over the past few years-or just to take into account the uncertainty of the password sales market over the past year and spend a lot of their money on manipulation.

However, with the exception of browsing locked assets, the POS blockchain has not been fully functional since it was launched. Although the blockchain is operating normally today, the depositor has no choice but to lock up his assets with a performance pledge to keep the ether running. There is also a system of lock-up bets on ETH, and the all-round operation of an interested block chain will become lifelike, which means that the stock maker will finally be able to control his assets and decide what they want to do with their reward.

How does the validator eliminate its ETH risk?

If you run the validator in the background, once released in Shanghai, there are two options to eliminate your ETH. The first is to set up a "withdrawal certificate", which will automatically eliminate the cumulative reward risk that you get from the verifier. The second option is to withdraw absolutely from the portal chain and eliminate all 32 ETH shares by letting your validator push a message indicating that it is deleting itself from the block chain.

As for how quickly you can browse the ETH you want executives to increase their holdings, "it mainly depends on how many people at a time," Marius van der Vuitton, an etheric foundation developer, told WJB. Only 16 partial withdrawals are placed in a time slot (generated every 12 seconds), and all withdrawals and partial withdrawals in the block chain have only one sequence. But considering that the bet also opens a new chapter for the ether and those companies that buy and sell above the ether, the probability that all verifiers choose to leave the block chain is almost zero.

Has the login password trader scrambled to sell his ETH?

With the beginning of a new era of ETH, login password traders have been concerned about how the sales market may change. Some traders feel there will be some buying once bets on ETH are opened, while others say Shanghai can only encourage more bets.

At this stage, about 1 million euros will be included in the reward that can be obtained immediately after the official launch of downtown Shanghai. Traders will be concerned about whether the open ETH will be immediately TX and whether it will lower the price of the ETH.

Is there anything on the hard fork in Beijing?

The four smaller EIP included in Shanghai are related to gas charges-a tax charged by customers during transactions on the etheric block chain. In the big active phase, gas charges are likely to be high, and the aim of etheric real estate developers is to upgrade the system and reduce high gas charges for those who are built in the blockchain.

EIP-3651 proposes to browse the detailed address of "Coinbase" at a lower cost of natural gas, which is also the app for validators and Lego building block builders. (voiceover: this has nothing to do with logging into password trading center Coinbase.) Seth Nelson (Matt Nelson), product manager at Consensys, shows that coding changes can improve larger available value for use (MEV) payments and other customer experiences.

Nelson told WJB: "this EIP corrects the need to ignore the cost of browsing Coinbase detailed addresses, and brings some additional benefits to consumers and developers, thus opening a new test case."

Other elastic public network IP included in the package include:

• EIP-3855- creates a code called "Push0", which will reduce developers' natural gas costs.
• EIP-3860- sets limits on developers' natural gas costs when interacting with "initcode" (the code developers use for smart contracts).
• EIP-6049- will notify developers of the depreciation charge for a code called "self-abandonment", which is also related to reducing gas costs

After the hard fork in Shanghai, what is the next step for the ether?

Real estate developers decided to maintain the scope of Beijing in a relatively small category, the main purpose is to release the bet on ETH withdrawal as soon as possible. As a result, other important changes to the etheric contract were extended from Shanghai to the third quarter of 2023.

It mainly includes "initial chunking", an ominous-sounding technical term that refers only to a way to split the Internet into several chains or "fragments" to improve the scalability of the blockchain.

In addition, changes will be made to the EVM object file format (EOF), including a number of minor updates to the Ethernet VM virtual machine.

This article was first published inReasonable exchange of pointsWJB's weekly newsletter describes the evolution of the ether and its impact on the login password sales market.Subscribe every Wednesday and put it in your outbox.