May 26, 2018 by William Peaster
936 Views Ethereum’s march toward scaling continues on, with the latest development being the community’s ability to now use a simple Hybrid Casper FFG testnet on the Parity Ethereum client. There’s still much to do before Casper is finalized, but the new testnet is unquestionably an important step forward.
Also see: Cryptocurrency Stunt Involving Mt. Everest Goes Terribly Wrong Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline Parity Tech Rust developer Wei Tang, GitHub handle sorpaas, has been working with Hybrid Casper FFG and has developed a “simple validator implementation that allows a temporary testnet to work” accordingly.
Tang declared as much this week, noting gleefully on Twitter the equivalent of “It’s alive!” Tang stressed the code would need to be “polished” and others would need to review and chime in on the implementation, but nevertheless, his blueprint actualizes a temporary Hybrid Casper FFG testnet. Hybrid, of course, because the specification details the temporary layering of proof-of-stake (PoS) over Ethereum’s proof-of-work (PoW) algorithm on the project’s longer road to a full embrace of PoS.
So it’s accurate to say PoS has been unproven to date. But that reality may not be true for much longer if testnet progress keeps pointing the way ahead.
Notably, once Hybrid Casper eventually comes to the mainnet, PoW block rewards will be slashed from 3 ether to 0.06 ether for miners as validation emphasis is shifted over to stakers. Joseph Lubin, co-founder of Ethereum and current head of Ethereum venture studio ConsenSys, is pushing ahead with regulatory discussions while techniks like Wei Tang and Karl Floersch push ahead on the technical side of the community. Read more from bitsonline.com…
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