Thu, March 28, 2024

EEA Unveils New Specs for Ethereum Developers

ethereum

The Ethereum Enterprise Alliance (EEA) has rolled out a new set of specifications in an effort to offer standards for developers that use private iterations of the Ethereum Blockchains.

[img desc: EEA announces new specifications for Ethereum developers]

Exciting news flooded during the Devcon today at Prague, with the EEA announcing the release of its Enterprise Ethereum Client Specification V2 and Off-Chain Trusted Compute Specification V0.5. The former is a notch-up of common standards, aiming to guarantee that Ethereum developers will create code that “motivates enterprise customers to select EEA specification-based solutions over proprietary offerings.”

The Client Specification V2 will basically provide labels of sorts, proving that a product underwent third-party testing in order to be sold as EEA-compliant.

This spec is aimed to motivate developers to write code that allows for the interoperability between multiple blockchain, potentially “enabling enterprises and startups to easily mix and match applications cost effectively.”

The EEA hopes this specification will spur the creation of diverse blockchain solutions. It also looks to use the specification to show developers that there are alternatives to expensive blockchain solutions owned by huge corporations.

This most recent addition “incorporates technical contributions from the EEA’s expansive member base,” including the work by Ethereum Foundation.

Meanwhile, the Off-Chain  Trusted Compute Specification V0.5 is a set of application programming interfaces (APIs)that can move transactions “off-chain” for the computation done elsewhere, and the switch a summary to the “main chain.”

EEA APIs that use the recently released specifications would provide programmers methods of moving data off the chain independent of any one trust verification method. The APIs were reviewed to be compatible with Trusted Execution Environments, Zero-Knowledge Proofs, and Trusted Multi-Party Compute.

“Every developer wishes they could be Apple and create their own world, but that’s the anomaly. The odds of them pulling that off as opposed to saying, ‘Okay, we have been working hard on this [code] and now we need to modify it to make it work.’ Using this new spec will allow developers to add whatever they want in it, whatever secret sauce they want on it, as long as there is enough in that code that when an EEA authorized lab tests that solution it conforms to the spec and passes the tests,” explained Ron Resnick, who is the EEA executive director, in an interview.

“In order to improve performance, developers can’t go through all the process on the main chain because it burdens it too much. So, we need to come up with safe, secure, and encrypted ways to do it off chain. It can be done through hardware, software, or hybrid solution,” he added.

Both of the two new specifications are free for EEA members to download and begin implementing. This week, Resnick is scheduled to share the alliance’s technical roadmap at Devcon this week.

The EEA is a global standards organization aiming for the mass adoption of blockchain technology by producing open-source, standard-based frameworks for enterprises. It was formed in February 2017 and no counts various businesses and non-profits as its members, such as Deloitte, Tesla Foundation, and Marquette University.

YOU MAY ALSO LIKE

Ford

Quick Look: CVA Family Office LLC snaps up 4,559 shares of Ford

The government aspires to make Portugal Europe's top producer of prime lithium for electric car batteries.

Quick Look: Atlas Lithium signs investment and offtake agreements with Mitsui. Mitsui

Stocks and various factors, Baltimore

Quick Look: The Francis Scott Key Bridge in Baltimore collapsed after a

COMMENTS

Comments are closed.

BROKER NEWS

Plus500 Expands Office Space in Haifa and Boosts Hiring

Plus500 has significantly expanded its Haifa office space and increased recruitment efforts across various departments. Local news source Walla reports the brokerage has leased an additional 5,800 square meters in the Gev-Yam complex

BROKER NEWS

Stock Report – stock exchange background – WibestBroker

Plus500 Expands Office Space in Haifa and Boosts Hiring

Plus500 has significantly expanded its Haifa office space and increased recruitment efforts across various departments. Local news source Walla reports the brokerage has leased an additional 5,800 square meters in the Gev-Yam complex in