Buterin calls for Ethereum network upgrade
Ethereum co-founder Vitalik Buterin (V God) recently once again called for important upgrades to the Ethereum network. When showing the deposit interface of Polymarket, Buterin expressed the flaws in the existing system and said that these upgrades can greatly improve the transaction process. efficiency. Emphasizing the need to introduce two new standards, ERC-3770 and ERC-7683, to improve user experience and enhance developer activities.
Source: X V God expressed the shortcomings of the existing system
According to Ethereum GitHub, ERC-3770 was created in August 2021, but has not yet been fully implemented. The purpose of this standard is to add an easy-to-read chain identifier before the on-chain address to solve the current problem of address ambiguity. Buterin believes that as the adoption of non-Ethereum mainnet chains increases, the implementation of ERC-3770 is already urgent, because in the current state, the risk of Ethereum users losing funds due to human errors is extremely high.
Martin Köppelmann, co-founder of Gnosis, added: "The advantage of ERC-3770 is its simplicity. Even if some tools do not support this address format, users can manually remove the prefix and convert it." V God already announced this in June this year These addresses were discussed and proposed as solutions to user experience issues.
Image source: Martin Köppelmann, co-founder of X Gnosis, emphasizes that the advantage of ERC-3770 is its simplicity
ERC-3770 and ERC-7683 to enhance user experience
The main function of the ERC-3770 standard is to integrate chain information into addresses and design an identifier that contains all necessary information to simplify the cross-chain payment process. Ansgar, a researcher at the Ethereum Foundation, said that it is necessary to ensure that ERC-3770 is compatible with future 32-bit addresses. Buterin responded: "The main challenge lies at the contract level (many contracts use mod 2**160 to handle addresses). ERC-3770 is at the UI level, and I think the two are orthogonal."
In addition, the ERC-7683 standard is designed to enable cross-chain programmatic transmission, eliminating trust issues in intermediaries and API connection issues. This upgrade will make cross-chain transactions more efficient and provide a friendlier market environment for liquidity providers. Buterin emphasized that these upgrades are user-centered designs aimed at improving user experience.
Ethereum to improve protocol security with $2 million Attackathon
At the same time, the Ethereum network is also actively improving the security of the protocol and plans to hold an event called "Attackathon" before the Pectra hard fork, with a total prize of up to $2 million. The Ethereum Foundation has announced that it will partner with bug bounty platform Immunefi to host this four-week event aimed at conducting a large-scale crowdsourced security audit competition.
The foundation has committed $500,000 in seed funding with the goal of reaching a $2 million prize pool, with the community contributing the remaining $1.5 million. The event, which ends on August 1, allows participants to contribute to the security of the Ethereum protocol and help create a safer environment for users and developers.
The Pectra hard fork is expected to be launched in late 2024 or early 2025. The upgrade will include account abstraction (EIP-7702), Ethereum Virtual Machine (EVM) Object Format (EOF) improvements, maximum effective balance (EIP-7251) and PeerDas (EIP-7594) and many other proposals. These upgrades are consistent with ERC-3770 and ERC-7683 and are designed to improve the overall experience for Ethereum users and developers.
In summary, these upgrades called for by Buterin are not only to improve user experience, but also to deal with security challenges in the increasingly complex blockchain environment. Through these technical improvements, Ethereum is expected to maintain its leading position in future blockchain competition.
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