- Prague hard fork set for Q3 2024, main net by year-end.
- EIP-7002 to enable decentralized staking pools and re-staking in Prague update.
- Paradigm report excludes Verkle Tries from Prague, targets Osaka for 2025.
A new report from the investment company Paradigm, which focuses on research, has provided insights into the anticipated Ethereum
The main goals of this hard fork are to integrate stake-focused Ethereum Improvement Proposals (EIPs), particularly EIP-7002, which enables re-staking and decentralized stake pools. Furthermore, the Prague update seeks to implement specific changes to the Ethereum Virtual Machine (EVM).
The document emphasizes a number of Ethereum Improvement Proposals (EIPs) that the team deemed important. These include EIP-7002, enabling staking pools and re-staking without the need for trust; EIP-6110, which allows for deposits within the Ethereum Ledger State; and EIP-2537, which pertains to the verification algorithm and the BLS12-381 cryptographic curve.
The team endorses a specifically defined version of the Ethereum object format (EOF) that Solidity and Vyper will implement. They advocate for a collection of EIPs concerning EOF, highlighting its advantages, including improved performance, a reduction in contract size, and better gas efficiency.
The group has expressed their lack of support for implementing Verkle Tries in Prague. However, they are willing to allow client teams to begin development on this project in the second quarter of 2024, anticipating that deployment could take place in Osaka around the middle or latter part of 2025. Furthermore, they currently see no need to raise the L1 execution gas limit or the contract size, although they are not closed off to conducting additional research on the matter.
The team at Paradigm recognizes the intricacy of the Ethereum development plan, which includes numerous suggestions and factors to consider. They show approval for specific Ethereum Improvement Proposals, specifically EIP 7549 and EIP 7251. However, they emphasize the importance of having clear information regarding consensus layer/execution layer forks and strategies for archiving obsolete data and states.
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