Ethereum can launch Casper testnet soon

Ethereum developers are looking to use code for their experimental Casper proof-of-stake protocol as the basis for a new test network
20 November 2017   727

The developers of Ethereum intend to use the experimental code Proof-Of-Stake protocol Casper as the basis for a new test network. This is reported by CoinDesk.

The founder of Ethereum Vitalik Buterin at the kernel developers' meeting suggested not only to test the protocol code written in Python, but also expressed confidence that Casper could improve the security settings during Ethereum-client testing.

Ropsten is the only test network supporting the participation of all Ethereum clients, but it works on the basis of the Proof-Of-Work algorithm. Due to the weak support of the miners, the network often becomes the target of DDoS attacks. The remaining test sites - Rinkeby and Kovan - use the Proof-Of-Authority protocol to eliminate such threats, but the lack of interoperability is not suitable for many developers.

If we realistically want to roll out Casper in whatever hard fork, then eventually people need to start implementing it. 

Peter Szilagyi

Buterin acknowledged that there were some security gaps with regard to the new protocol, and he suggested that the Ether development be delegated to several developers in the test network, which partially duplicates the consensus of the Proof-Of-Authority.

The participants agreed to conduct a series of studies to assess the potential of the test network. The mission was assigned to the developer Piper Meriam, who will work with the teams of clients Parity, Geth and actually Casper.

Earlier, the test site Ropsten was target of DDoS-attacks on the eve of Byzantium's hardfork, which was successfully held on October 16. The network update was the first step of the Ethereum developers on the way to implementing the Proof-Of-Stake consensus algorithm within the framework of the large-scale Metropolis hardfork.

Ethereum Community Fund Created

Cosmos, Golem, Global Blockchain Labs, Maker, OmiseGo, Raiden and Tendermint are involved in the creation of the new fund
16 February 2018   98

Prominent members of the Ethereum ecosystem open a fund designed to support projects developed on the blockchain of the second largest crypto currency. This is reported by CoinDesk.

Cosmos, Golem, Global Blockchain Labs, Maker, OmiseGo, Raiden and Tendermint are involved in the creation of the Ethereum Community Fund (ECF). Their goal is to introduce the services on the basis of Ethereum in the infrastructure of companies, which they can be useful.

The fund's founders also intend to launch a grant program that will provide "permanent financial security" to selected projects, the press release said.

The founder of Ethereum Vitalik Buterin directly participates in the work of the fund, in a letter to CoinDesk confirming that he acts as an adviser.

Ethereum has grown beyond my expectations over the last few years, but the work is clearly not finished. Delivering value that matches the hype should be the mantra of 2018; efforts such as the ECF which help organize the development of the ecosystem are going to help make that possible.

Vitalik Buterin

Co-creater, Ethereum

ECF is not the only organization dedicated to the development of the Ethereum ecosystem. Ethereum Foundation, a not-for-profit organization that also makes a significant contribution to the development of the platform, in January announced the launch of two sponsorship programs designed for developers seeking solutions to scale the network. The Enterprise Ethereum Alliance provides resources to companies interested in applying Ethereum, and links Fortune 500 companies with crypto-cash start-ups.