Ethereum Devs Reconsider ‘Difficulty Bomb’ Timing as Hard Forks Loom
A newly proposed ethereum hard fork may punt a key network feature two years down the road to avoid complicating ethereum’s transition to proof-of-stake (PoS).
Ethereum improvement proposal (EIP) 2387, created in mid-November, would tentatively schedule a Jan. 6 hard fork to delay the “difficulty bomb” or “Ice Age” from going off for another 4,000,000 blocks or about 611 days.
The hard fork is dubbed “Muir Glacier,” after the retreating Alaskan glacier.
Slated for block number 9,069,000, the hard fork contains a bridge between the current chain, based on a proof-of-work (PoW) consensus mechanism, and the Beacon Chain, or the first phase of the so-called Eth 2.0 transition to PoS. With other networks like EOS, Binance Chain and Substrate looking to pick off projects from ethereum, developers voiced concerns on a call last Friday over maintaining the current chain’s health as the transition to Eth 2.0 occurs.
Complicating matters, the network’s next major hard fork, Istanbul, is now slated for Saturday.
If developers fail to agree on Muir Glacier soon, which remains unlikely after reaching rough consensus on a developer call last week, block times will continue to move upwards, restricting the current network’s capabilities as transaction fees crowd out users.
The difficulty bomb, explained A piece of code embedded in 2015, the difficulty bomb is one of two components which gradually increases the hashing difficulty on the ethereum blockchain, meant to force the network towards PoS with the Serenity network overhaul, currently slated for 2021.
Similar to bitcoin, ethereum features a mining difficulty adjustment scheme to control the output of ether rewards for mining on the network, of which the bomb is a part of. Unlike bitcoin, ethereum’s difficulty bomb increases the time it takes to mine a block typically between 10 and 20 seconds every 100,000 blocks.
Since the difficulty bomb is based on when blocks are mined, knowing when the network will feel the effects is more art than science.
EIP 2387 would be the third time since 2015 the bomb’s fuse has been extended, first by 3 million blocks in the 2018 Byzantium hard fork and then by another 2 million blocks in the February 2019 Constantinople hard fork.
Read the full topic at
https://www.coindesk.com/ethereum-devs-reconsider-difficulty-bomb-timing-as-hard-forks-loom
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Ethereum improvement proposal (EIP) 2387, created in mid-November, would tentatively schedule a Jan. 6 hard fork to delay the “difficulty bomb” or “Ice Age” from going off for another 4,000,000 blocks or about 611 days.
The hard fork is dubbed “Muir Glacier,” after the retreating Alaskan glacier.
Slated for block number 9,069,000, the hard fork contains a bridge between the current chain, based on a proof-of-work (PoW) consensus mechanism, and the Beacon Chain, or the first phase of the so-called Eth 2.0 transition to PoS. With other networks like EOS, Binance Chain and Substrate looking to pick off projects from ethereum, developers voiced concerns on a call last Friday over maintaining the current chain’s health as the transition to Eth 2.0 occurs.
Complicating matters, the network’s next major hard fork, Istanbul, is now slated for Saturday.
If developers fail to agree on Muir Glacier soon, which remains unlikely after reaching rough consensus on a developer call last week, block times will continue to move upwards, restricting the current network’s capabilities as transaction fees crowd out users.
The difficulty bomb, explained A piece of code embedded in 2015, the difficulty bomb is one of two components which gradually increases the hashing difficulty on the ethereum blockchain, meant to force the network towards PoS with the Serenity network overhaul, currently slated for 2021.
Similar to bitcoin, ethereum features a mining difficulty adjustment scheme to control the output of ether rewards for mining on the network, of which the bomb is a part of. Unlike bitcoin, ethereum’s difficulty bomb increases the time it takes to mine a block typically between 10 and 20 seconds every 100,000 blocks.
Since the difficulty bomb is based on when blocks are mined, knowing when the network will feel the effects is more art than science.
EIP 2387 would be the third time since 2015 the bomb’s fuse has been extended, first by 3 million blocks in the 2018 Byzantium hard fork and then by another 2 million blocks in the February 2019 Constantinople hard fork.
Read the full topic at
https://www.coindesk.com/ethereum-devs-reconsider-difficulty-bomb-timing-as-hard-forks-loom
Follow me on
Twitter: https://twitter.com/cryptoexpert20
IF you be an admin for your telegram group you can order from the link
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