Ethereum plans to upgrade Arrow Glacier to delay the difficulty bomb until June 2022
Ethereum is expected to go through another upgrade in December that will delay the difficulty bomb.
On November 11th, Ethereum core developer Tim Beiko, explain the Arrow Glacier upgrade will appear in block 13,773,000 around December 8th. The exact dates may vary slightly due to block time and time zone and hopefully this will be the last.
EIP-4345 is the only proposal that will be included in the upgrade and will postpone the difficulty bomb until June 2022, with the expectation that by then a “merger” will take place and the network will operate under Proof-of-Stake (POS) will. Consensus. For this reason, the developers decided not to delay the bomb in Ethereum’s Ropsten test network.
“Given the recent advances in Ethereum’s POS transition, everyone has decided to postpone the mainnet bombshell for now and try to make the POS transition on Ropsten before the bomb goes off on that network.”
EIP-3554 was added to the London hard fork in early August to postpone the difficulty bomb until December.
Ethereum Difficulty Bomb Delays | Source: coin68
Ice age
In January, Arrow Glacier implemented a Muir Glacier-like network upgrade that changes the parameters of Ethereum’s “Ice Age”, an algorithm designed to increase the difficulty of mining Ethereum blocks over time.
The difficulty bomb relates to the increasing complexity of mathematical “puzzles” in proof-of-work (POW) mining algorithms. As these calculations become more difficult, block times will be longer than usual and the rewards for the miners will be reduced.
The mechanism increases the difficulty exponentially over time. This eventually led to an “ice age” where the blockchain was so difficult to break down that it froze and the production of blocks stopped.
Node operators need to update their clients, but Ethereum owners don’t need to take any action.
ETH price outlook
Metro upgrades like this rarely have an impact on Ethereum price. At the time of going to press, ETH was trading 1.7% on that day to $ 4,683.
Ether price chart | Source: Tradingview
Ether hit a new all-time high (ATH) of USD 4,878 on November 10 and is currently falling slightly. It’s up 31% in the past 30 days, but could continue to fall if Bitcoin doesn’t continue to climb.
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Ethereum
Ethereum plans to upgrade Arrow Glacier to delay the difficulty bomb until June 2022
Ethereum is expected to go through another upgrade in December that will delay the difficulty bomb.
On November 11th, Ethereum core developer Tim Beiko, explain the Arrow Glacier upgrade will appear in block 13,773,000 around December 8th. The exact dates may vary slightly due to block time and time zone and hopefully this will be the last.
EIP-4345 is the only proposal that will be included in the upgrade and will postpone the difficulty bomb until June 2022, with the expectation that by then a “merger” will take place and the network will operate under Proof-of-Stake (POS) will. Consensus. For this reason, the developers decided not to delay the bomb in Ethereum’s Ropsten test network.
“Given the recent advances in Ethereum’s POS transition, everyone has decided to postpone the mainnet bombshell for now and try to make the POS transition on Ropsten before the bomb goes off on that network.”
EIP-3554 was added to the London hard fork in early August to postpone the difficulty bomb until December.
Ethereum Difficulty Bomb Delays | Source: coin68
Ice age
In January, Arrow Glacier implemented a Muir Glacier-like network upgrade that changes the parameters of Ethereum’s “Ice Age”, an algorithm designed to increase the difficulty of mining Ethereum blocks over time.
The difficulty bomb relates to the increasing complexity of mathematical “puzzles” in proof-of-work (POW) mining algorithms. As these calculations become more difficult, block times will be longer than usual and the rewards for the miners will be reduced.
The mechanism increases the difficulty exponentially over time. This eventually led to an “ice age” where the blockchain was so difficult to break down that it froze and the production of blocks stopped.
Node operators need to update their clients, but Ethereum owners don’t need to take any action.
ETH price outlook
Metro upgrades like this rarely have an impact on Ethereum price. At the time of going to press, ETH was trading 1.7% on that day to $ 4,683.
Ether price chart | Source: Tradingview
Ether hit a new all-time high (ATH) of USD 4,878 on November 10 and is currently falling slightly. It’s up 31% in the past 30 days, but could continue to fall if Bitcoin doesn’t continue to climb.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page
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