Iris hard fork receives the support of the community

This article was first published on æternity blog - Medium

After the first three planned hard forks, namely Minerva (March 2019) Fortuna, (June 2019) and Lima (October 2019) now comes the Iris hard fork (April 2021). The Iris release is the first one that was not planned in the initial roadmap and implies changes in the consensus rules, so it was subject to a community vote which ran from March 15th to Apr 14th at 01:36:39 AM CET, when the vote ending block 414020 was solved. Please note that blockchains do not know about dates and hours but about block numbers and the estimated vote ending date can change.

The community support has spoken, with a bold 99,99 % YES in favor of the IrisHardFork. The full results and instructions to verify the poll can be found here:

Aeternity Governance

What is so exciting about the Iris Hard Fork?

As explained in the AMA Session held last Friday Apr 9th, this update includes features that bring significant improvements in practically every component of the æternity protocol , our FATE virtual machine, oracles, state channels, the æternity naming system (AENS), generalized accounts, etc.

Let us highlight some points which are enabled by the Iris Hard Fork release:

  • Improved overall database stability and performance;
  • New cryptographic primitives included in the virtual machine which allow running Zero Knowledge proofs and advanced multi-signature schemes on top of æternity;
  • Contract factories and contract cloning are now possible with Sophia smart contracts increasing usability and security in general, particularly for DeFi services;
  • Users can now execute transactions with a third party paying for the gas, which will result in a much smoother onboarding experience for æpp users;
  • State channels participants can have separate delegates, which can then also do more.

If you want to dive deeper into the rich set of improvements that Iris provides you can have ...

To keep reading, please go to the original article at:
æternity blog - Medium

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