Ethereum Researchers bring a new version of ETH2.0 Beacon Chain “Gasper”
It has been known that the first stage of Ethereum 2.0 will be turned out in 2020, the plan has been rescheduled again. The new name given to it is Gasper because of its dependence on Casper Protocol and GHOST fork rules.
Recently a research paper was issued by a group of Ethereum researchers in the supervision of Vitalik Buterin. The making of the beacon chain by consolidating GHOST to Casper was made public in the report.
Combining GHOST and Casper out on arXiv: https://t.co/vClQm0Bbs5 We study an idealized version of the Ethereum 2.0 Beacon Chain. Collaboration between SJSU and the EF through SJSU's the CAMCOS program. Extra shoutout to the impressive contributions of our SJSU students!
— Yan Zhang (@krzhang) March 9, 2020
Gasper a master plan to sum it all
All things considered, the GHOST fork-decision rule rethinks the way validators bear witness to blocks to flag support for the next block in the blockchain. Right now, Gasper is a ‘glorified’ idea of what Ethereum (ETH) 2.0 Phase 0 (Beacon Chain) should resemble.
The Ethereum community is confused, although the task undertaken by researches is quite brilliant, it has raised questions among the community because it is being distributed three months earlier than the regular date. There is quite a confusion going around about the next update.
The past and the present
In the last days of December, the fifth anniversary of the Ethereum mainnet was celebrated. Mainnet is the term used to describe when a blockchain protocol is fully developed and deployed. It was discussed in those meetings about the dispatch date of ETH2. After thorough and keen observations, the developers concluded that July of 2020 might be the best time for PoS-migration of the next blockchain.