Meaning of ethpos Mode (Progress of ethpos)
What is the meaning of ethpos mode? ethpos is a decentralized organization base
What is the meaning of ethpos mode? ethpos is a decentralized organization based on Ethereum. In the traditional proof-of-work mechanism, ETH serves as the consensus layer, ensuring the security and scalability of the network through validating nodes, thus ensuring interoperability among network participants. Ethpos adopts three methods, namely, sharding technology, zero-knowledge (ZK) proofs, and scalability solutions, to solve the problems faced by current public chains. Ethpos mode is a multi-party computation model operated by a single entity, connecting multiple different clients. With the advantages of high security and low transaction costs of blockchain, ethpos can be seen as a new distributed economic entity.
Ethpos has three key functions: firstly, allowing every member to access the entire system; secondly, enabling other developers to use the same network infrastructure, such as smart contract platforms, etc.
Progress of ethpos
In the latest update, the ethpos team stated that the roadmap of ethpos is to merge sharding with proof-of-stake (PoS). The Ethereum Foundation believes that a fork is a way to complete the ETH2.0 upgrade, but there are technical issues that need to be resolved. Therefore, clients that do not support the ethpos consensus algorithm are no longer usable. Meanwhile, the ethpos developers have proposed a solution – to involve all validators in the network to participate in staking and extraction.
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