Share this article

The Code for Ethereum's Consensus Change Is Now Ready for Review

The ethereum network's transition to proof-of-stake is getting closer to reality, beginning with a hybrid system that could soon begin testing.

Updated Sep 13, 2021, 7:51 a.m. Published Apr 22, 2018, 10:15 a.m.
binary, code

New code written to change the way the ethereum network reaches consensus is now ready for review, developers said Friday.

Ethereum improvement proposal (EIP) 1011, known as Hybrid Casper FFG (short for "Friendly Finality Gadget"), would implement the first step in a long-planned shift away from the energy-intensive mining process and toward an allegedly greener method sometimes called "minting."

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Ethereum's current consensus protocol – the way the network agrees to add a new block to the chain – is called proof-of-work and requires resources to be expended as its "proof."

Ethereum's creator Vitalik Buterin and other developers have discussed eventually moving to a proof-of-stake model, in which users lock ether up in special wallets and risk losing these "stakes" if they don't follow the consensus rules. That planned transition to proof-of-stake is known as Casper.

EIP 1011, if implemented, would be a first, partial step toward the full move to Casper, introducing a hybrid system that combines proof-of-work and proof-of-stake, an approach discussed in papers unveiled last year.

Casper, while long in the making, is still controversial in some quarters – for example, a security researcher at VMware called it "fundamentally vulnerable" last month.

Yet Danny Ryan, one of EIP 1011's authors, along with Chih-Cheng Liang, told fellow developers during a meeting Friday that the proposed code is "ready for review, community discussion, etc."

Ryan added that development work for ethereum clients could begin soon and that he was corresponding with the formal verification engineers.

"As these pieces of the puzzle are getting closer to being completed," he said, "I'll signal that it's time to start talking about fork block numbers."

As Ryan suggests, the change will not be compatible with existing ethereum software, meaning that the network will have to undergo a hard fork to be implemented. That said, there's still some way to go before that happens.

"In terms of testing … I don't know when exactly that happens," Ryan continued, adding that he would "leave the EIP up for discussion a little bit longer before we start doing testing on that side."

Code image via Shutterstock.

More For You

Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

More For You

Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb

Coinbase

The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.

What to know:

  • Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
  • The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
  • Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.