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Ethereum Fork Date 2017

The Ethereum Platform Will Undergo A Major Upgrade In September

The Ethereum Platform Will Undergo A Major Upgrade In September

The Ethereum Platform Will Undergo a Major Upgrade in September Ethereum has announced a late-September release for a new update known as Metropolis. First announced in February, this update is expected to include a number of highly anticipated changes related to anonymity, programming, and security. We now have a timeframe for when one of the most anticipated events in the world of cryptocurrencies is going to occur. Last week, the Ethereum team announced that their Metropolis hard fork will take place toward the end of September 2017. The announcement comes roughly six months after the company revealed their 2017 Road Map and less than a month following bitcoins split into bitcoin and bitcoin cash . This fork will implement a number of changes and improvements, including higher levels of anonymous transactions, easier programming and smart contracts, and additional security in the form of masking, which will help protect users against hacking. The upgrade was expected to include a Difficulty-Bomb that would make ether token mining harder to perform, but according to the Ethereum team update, that will now be added as part of a second hard fork at a later date. The news of a implementation date for Ethereums hard fork is drawing a great deal of attention and speculation from industry experts , who arent certain how the market will react to the change. In the announcement post, the Ethereum team addresses this uncertainty, noting that prices could increase or decrease. Previous upgrades and forks have lead to the former, which, in turn, led to surges in ether mining. A similar chain reaction could come as a result of this fork, they explain. Metropolis isnt the final planned update for Ethereum. The next upgrade, known as Serenity, is expected to bring the breakthrough Continue reading >>

The Byzantium Countdown: What's Left Before Ethereum's Next Fork? - Coindesk

The Byzantium Countdown: What's Left Before Ethereum's Next Fork? - Coindesk

The Byzantium Countdown: What's Left Before Ethereum's Next Fork? The next major update to ethereum, the world's second largest blockchain by total value, is set to go live in less than a week. Part of a larger, multi-component upgrade called Metropolis , the so-called"Byzantium" code will be enforced at block 4,370,000 or in about four days according to current metrics as a hard fork . A common (yet controversial ) strategy for upgrading blockchains, this means the changes are required to be accepted broadly by all stakeholders on the ethereum blockchain. In this light, however, it's notable that the use of this mechanism in the past has had mixed results for ethereum. To date, the platform has conducted four hard forks , with only one resulting in the creation of an alternative blockchain, ethereum classic . Given the changes in Byzantium have been outlined in the ethereum roadmap as far back as 2015, it's unlikely it will prove problematic.With two major upgrades from Metropolis postponed, Byzantium is perhaps best seen as a conservative upgrade that will introduce nine key ethereum improvement protocols (EIPs) to the platform. In total, the changes are designed to make the platform lighter and faster to run, improving transaction speed, smart contract security and eventually perhaps, privacy . However, that said, there's still work to be done on the upgrade, with various stakeholders now entering the final stages of their preparations. As the shift toward Byzantium is dependant on the network nodes updating, the main focus in the days ahead will be ensuring the clients that offer software to nodes are ready for the upgrade. This means that startups responsible for overseeing clients need to ensure their software actuallycontains the EIPs that enforce the Byzantium Continue reading >>

What Will Happen To My Ethereum In My Wallet When Ethereum Hard Forks?

What Will Happen To My Ethereum In My Wallet When Ethereum Hard Forks?

What will happen to my Ethereum in my wallet when Ethereum hard forks? The Ethereum has undergone a planned hard fork atblock number 4.37mil (4,370,000), which occurred onMonday, October 16, 2017. The Metropolis hard fork was a planned and highly awaited hard fork which contained some major upgrades for the Ethereum network. Since this hard fork was planned, and non-contentious, there should be no chain split and there is nothing you need to do to prepare as it will go by largely unnoticed by many who are not in-tune with the technical back-end of Ethereum. The purpose of Metropolis is to address scalability, privacy and safety. This hard fork will take place in two separate phases, Byzantium and Constantinople and will prepare the way for the future planned hard fork called "Serenity" which will allow for POW and POS. The "Byzantium" portion of the fork includes: zk-SNARKs or in plain English Zero-Knowledge proofs, increasing anonymity of transactions. Easier programming of smart-contracts with a gas adjustment for bill setting. Better security through 'masking' allowing users to determine addresses which they hold the private key. A mining adjustment called a 'difficulty-bomb' making mining exponentially more difficult. So what should you do to prepare for the upcoming hard-forks? In short, nothing; Exodus will take care of everything for users. However, like with any fork users should be cautious for 24 hours around the fork and not move ETH or ERC20 assets. The Ethereum and ERC20 tokens in your Exodus wallet are safe and will continue to function as they have in the past. Continue reading >>

Ethereum Announces Metropolis Hard Fork Coming Late September

Ethereum Announces Metropolis Hard Fork Coming Late September

Ethereum Announces Metropolis Hard Fork Coming Late September The Ethereum Developer team has just released word that the Metropolis hard fork is set to occur in late September of this year. With all the hubbub about Bitcoin and Bitcoin Cash in the news, Ethereum has been overlooked by some. However, the Ethereum Developer team has just released word that the Metropolis hard fork is set to occur in late September of this year. The hard fork has been widely anticipated after the Ethereum road map for 2017 was released earlier this year. The map indicated that the coming release would contain some major upgrades for the platform. The announcement earlier in the year indicated a three to six-month window for release, and late September is right on the cusp of a full six months. While the timing is later than many had hoped, the news is a welcome encouragement for those seeking Ethereum upgrades. The new hard fork should enable some significant upgrades. First, increasing anonymity will come with new zk-SNARKs, or Zero-knowledge proofs. Users will be able to perform anonymous transactions at higher levels than in the past. Second, programming and smart contracts will be made far easier with the new upgrade, relieving some of the pressure on current programmers. Gas will also be adjusted for bill settling. Third, masking for security enthusiasts will allow users to determine the address for which they have a private key. This will increase security on the network, even against quantum computer hacking. Finally, the upgrade includes a Difficulty-Bomb intended to make mining exponentially more difficult. The bomb is designed to be an intermediate step in the transition from proof-of-work (PoW) to proof-of-stake (PoS) on the network. This has often been referred to as the Ethe Continue reading >>

Will The Ethereum Metropolis Hard Fork Result In Another New Currency?

Will The Ethereum Metropolis Hard Fork Result In Another New Currency?

Will the Ethereum Metropolis Hard Fork Result in Another new Currency? Will the Ethereum Metropolis Hard Fork Result in Another new Currency? The topic of a hard fork in any cryptocurrency ecosystem is always met with a bit of criticism and confusion. Ever since the Ethereum hard forked to solve The DAO issue, there have been two currencies. When Metropolis is released, Ethereum will see another hard fork. This should not lead to a third iteration of Ethereum being created per se, although there is always a small possibility. Metropolis Hard Fork Should Not Warrant New Currency A lot of people are seemingly confused as to why Ethereum and Ethereum Classic came to be two different currencies. That is rather simple to explain, though. The Ethereum ecosystem has seen a total of five different hard forks so far. While that number is quite high, all of these interventions were needed, in the minds of the developers. One of these hard forks was created to solve The DAOs stolen funds issue, which did not sit well with everyone in the community. As a result of that hard fork, not all of the miners switched over to the blockchain supporting this fork. Instead, a small percentage of sash power kept mining the blockchain that existed before this fork was introduced, resulting in new coins being created on that chain. Since they could not be called ether coins, they rebranded the chain to Ethereum Classic. The new currency on that chain is known as ETC, and can be traded across many different exchanges around the world. Some people are growing concerned the upcoming Metropolis hard fork could result in yet another Ethereum currency being created. While that is certainly possible on paper, it seems highly unlikely in reality. The reason why Ethereum Classic exists is due to a diffe Continue reading >>

Initial Metropolis Ethereum Hardfork Expected In September

Initial Metropolis Ethereum Hardfork Expected In September

You are here: InfoQ Homepage News Initial Metropolis Ethereum Hardfork Expected in September Initial Metropolis Ethereum Hardfork Expected in September 7Followers on Aug 30, 2017. Estimated reading time: 2 minutes | A note to our readers: As per your request we have developed a set of features that allow you to reduce the noise, while not losing sight of anything that is important. Get email and web notifications by choosing the topics you are interested in. The Ethereum Foundation released some additional details, via their core devs meeting, about the upcoming update to the Ethereum network called Metropolis. The Metropolis hard fork is set to be divided into two core releases: Byzantium and Constantinople. Byzantium will be the first of the two releases, and is targeting a late September release that includes updates on transaction anonymity and more predictable gas charges. Within the initial hard fork, users can expect the following features/upgrades: Zero-knowledge proofs, or zk-SNARKs, are expected which will enable users to perform transactions with more anonymity than what has been afforded in the past. As the Ethereum blockchain is a public chain, there may be some details of a transaction that counter parties may not want to be visible to the public. Using zk-SNARKS allows only intended audiences with the ability to view data that is privy to them. Dr. Christian Reitwiessner, a team lead at Ethereum and creator of Solidity , describes zk-SNARKs as a way: To verify the correctness of computations without having to execute them and you will not even learn what was executed just that it was done correctly. On the Ethereum blockchain, operations performed by a transaction or contract have an associated cost to perform those actions based upon the computational c Continue reading >>

Ethereum Client Update Sets Byzantium Hard Fork Date - Coindesk

Ethereum Client Update Sets Byzantium Hard Fork Date - Coindesk

Ethereum Client Update Sets Byzantium Hard Fork Date Ethereum's most popular client has upgraded its code to enforce the upcoming Byzantium upgrade set for later this month. The code from Go Ethereum (Geth) officially enshrines the hard fork for block number 4,370,000, a time previously established by developers during an ethereum core team discussion on September 22. With the Geth release, the network moves closer to implementing the first of two parts in the wider Metropolis upgrade. The addition of the code to Geth is notable because it greatly increases the likelihood that the upgrade will happen at that time. Geth, which is maintained by developers employed by the Ethereum Foundation (the Swiss nonprofit that manages development on ethereum more broadly), accounts for roughly 69 percent of all ethereum nodes, according to data from Ethernodes.org . If the block time remains consistent between now and then, the hard fork which will make previous versions incompatible with the wider ethereum network following the upgrade trigger will officially occur on October 17. Anyone running a ethereum node with Geth is requested to update their software to "ensure a smooth transition," the code release states . In a reddit post accompanying the release, ethereum developer Peter Szilgyi advised node operators to update their software at least a week prior to the mainnet launch. Other clients, such as Mist, will issue updates in the coming dates,Szilgyi predicted. "Please give yourselves ample time to switch to the 1.7.x series (1.7.1 specifically for Byzantium) before the hard fork to avoid any surprises as the series does contain non-trivial database optimizations ([it] also gives us time to fix anything if something doesn't work as it should)," he commented . The code release Continue reading >>

Ethereum Hard Fork Byzantium Launches Without A Hitch, Ether Price Up

Ethereum Hard Fork Byzantium Launches Without A Hitch, Ether Price Up

Ethereum Hard Fork Byzantium Launches Without A Hitch, Ether Price Up Ethereum completes its fifth hard fork, Byzantium, with a fraction of the fuss of Bitcoin. Ethereums (ETH) troubled but uncontentious Byzantium is officially here as the cryptocurrencys fifth hard fork. As creator Vitalik Buterin celebrated with other developers Sunday, Byzantium fought off last-minute bugs and calls for delays to have a stable issuance. Hard fork celebration! pic.twitter.com/mL1ZyJOYeA Vitalik Buterin (@VitalikButerin) October 16, 2017 The move was notable in its lack of contention, with no significant community arguments resulting from Byzantiums creation. Similarly, ETH prices remained relatively stable both before and after the forks execution, rising around $40 October 13 and maintaining new levels since. This takes ETH towards the upper end of its price spectrum, which this year saw all-time highs of around $410 and a July low of $146. Despite the frenetic growth of investment in Ethereum this year, Byzantium is part of a package of improvements to the protocol that has been in development since 2015. Known as Metropolis, its roadmap currently extends to an unknown date in 2018, when a further hard fork, Constantinople, will activate. Metropolis is a planned Ethereum development phase that includes two hard forks: Byzantium and Constantinople. Byzantium is occurring at block number 4.37mil. Constantinople does not currently have a release date, but is expected in 2018, a blog post from late last week confirms. Continue reading >>

Ethereums Metropolis Hard Fork Will Activate At The End Of September

Ethereums Metropolis Hard Fork Will Activate At The End Of September

Ethereums Metropolis Hard Fork Will Activate at the End of September Ethereums Metropolis Hard Fork Will Activate at the End of September It looks like we have some important updates regarding the Ethereum Metropolis hard fork. It was previously unclear when this upgradewould go into effect, but a tentative date has now been provided by the developers. According to the information we received, Metropolis will go into effect at the end of next monthand will introduce some interesting changes. The strong focus on anonymity will certainly make things interesting. Other changes detailedbelow should be taken into account as well. Metropolis is Coming to the Ethereum Blockchain Ethereum users have looked forward to the Metropolis hard fork for some time now. This hard fork was announced several months ago, but there was never an official release date. Coding these changes could very well haveresulted in issues which needed to be worked out, further pushing back an official timeline. The proposed changes made to Ethereum are quite thorough and embody the result of weeks of hard work on the part ofvarious coders. One could argue Ethereum will never be the same after the Metropolis hard fork, whichdoes not have to be a bad thing. The most major change coming to Ethereum is the implementation of zk-SNARKS. For anyone who has kept tabs on privacy and anonymity features in the cryptographic industry, zk-SNARKS will sound pretty familiar. The technology has been employedby various alternative currencies in the past, although it does not provide anonymity all by itself. Instead, zk-SNARKS will be incorporatedin the Metropolis hard fork, whichwill notmake Ethereum an anonymous currency right away. Though it will pave the way for anonymous transactions in the future, it remains unclea Continue reading >>

Byzantium Hf Announcement

Byzantium Hf Announcement

The Ethereum network will be undergoing a planned hard fork atblock number 4.37mil (4,370,000), which will likely occur between 12:00 UTC and 13:00 UTC onMonday, October 16, 2017. The Ropsten test network underwent a hard fork on September 19th (UTC) at block number 1.7mil (1,700,000). A countdown timer can be seen at . Download the latest version of your Ethereum client: What if I am using a web or mobile Ethereum wallet like MyEtherWallet or Jaxx? Ethereum websites and mobile applications that allow you to store ether and/or make transactions are running their own Ethereum client infrastructure to facilitate their services. If you use a third-party web-based or mobile Ethereum wallet, your wallet provider may need to update for the hard fork. It is recommended that you check with them to see what actions they are taking to update for the hard fork and if they are asking their users to take other steps. A hard fork is a change to the underlying Ethereum protocol, creating new rules to improve the system. The protocol changes are activated at a specific block number. All Ethereum clients need to upgrade, otherwise they will be stuck on an incompatible chain following the old rules. What happens if I do not participate in the hard fork? If you are using an Ethereum client that is not updated for the upcoming hard fork, your client will sync to the pre-fork blockchain once the fork occurs. You will be stuck on an incompatible chain following the old rules, without replay protection against the main network. Old clients will be able to construct transactions, but will not be able to see the effects of those transactions. What is Metropolis, Byzantium, and Constantinople? Metropolis is a planned Ethereum development phase that includes two hard forks: Byzantium and Constan Continue reading >>

Ethereum Hard Fork. Whats Going Tohappen?

Ethereum Hard Fork. Whats Going Tohappen?

Developing Blockchain & Smart Contracts PoC and MVP for ICO startups and established companies Ethereum Hard Fork. Whats Going ToHappen? Recently I have received many questions about the Ethereum hard fork: what will happen with all the ERC20 tokens, which basically are smart contracts deployed to Ethereum. Therefore, I decided to perform a quick research and cover this topic as we are getting closer to Metropolis update, everyone should be informed and understand what will happen. Blockchain miners run the software to maintain the network, confirm transactions and earn mining fees. The software is being maintained and developed by the Network core developers and community. The main incentive for miners is profit, however, developers are seeking fast and effective network. This incentive mismatch is hard to align. Miners select which software to run. Therefore, we have issues when developers propose solutions which reduce mining profits and part of the miners disagree with changes. At a certain time, we have a fork, where half of the miners run one piece of software and other half operate with another software. This leads us to having two separate chains from a certain block and this results in having a chain split. Source: The bitcoin has experienced a hard fork and a chain split lately. That lead to Bitcoin and Bitcoin Cash. The chain split occurred because the miners have been divided into two parts and one side did not want to use the new proposed software. The result is that both networks are being maintained by miners. From a bitcoin owner perspective, your coins are available on both chains and you can start interacting with both networks. The Bitcoin chain split resulted in having the new cryptocurrency with a third size market cap. Due to high load on the netw Continue reading >>

What Is Ethereum Metropolis: The Ultimate Guide

What Is Ethereum Metropolis: The Ultimate Guide

What is Ethereum Metropolis: The Ultimate Guide Angel Investors, Startups & Blockchain developers... Metropolis is upon us! Or at least its the first iteration. After a lot of deliberations and updates, the time has finally arrived for the next big jump. There is a lot of buzz going on right now and for good reason. The last time Ethereum did a network shift i.e. from Frontier to Homestead, the price jumped more than 100% from $12 to $30. What are the features that metropolis is going to bring into Ethereum? Since Ethereum needs to do a hard-fork to get into Metropolis, will it create another new coin? Will we have 3 Ethereum coins (along with ETC and ETH)? What is Ethereum Metropolis? The 4 Stages of Ethereum. This, not the first time Ethereum has upgraded of course and it wont be the last time. Ethereum was not designed to be just a mode of currency. It was designed to be a platform for decentralized applications. However, before it can do so, it needs to go through various stages of growth. With each stage, Ethereum levels up by incorporating more and more properties making its system more robust and seamless. The complete launch process of Ethereum was divided into 4 stages. This was done to make sure that various phases got their own developmental time and that every stage was developed as efficiently and optimally as possible. Frontier: This was what everyone got when Ethereum was first launched. Homestead: The stage that we are on as of writing. Metropolis is the 3rd stage in the 4-stage process and there are a lot of interesting features that are coming as and when it gets implemented. Here are some of the main ones which are going to have plenty of repercussions. Lets go through each and every one of them one-by-one. One of the biggest and most important featu Continue reading >>

What The Ethereum Metropolis Update Means For The Eth Holder

What The Ethereum Metropolis Update Means For The Eth Holder

What the Ethereum Metropolis Update Means For the ETH Holder On the first day of the month of August, the Bitcoin blockchain got split and gave rise to a completely new currency bitcoin cash. The miners backing the bitcoin cash blockchain were successful in officially branching off and ultimately added blocks to a new and separate blockchain. The backers of bitcoin cash believe that an economy can be built around the new currency and its blockchain. In the light of this, there is an expected update of the Ethereum blockchain. Ethereum is currently the second most popular cryptocurrency after bitcoin. This update of the Ethereum blockchain is called the Metropolis and it will be the third of four planned stages of the blockchains development. In fact this Metropolis update of Ethereum is expected to be in two parts; two hard forks Byzantium and Constantinople. The fork is projected to occur between the 22nd of September and the 27th of October. To the regular ETH holder, a better experience with the blockchain will be a welcome development and this is exactly what the Ethereum update seeks to do. It is expected that with this update, the Ethereum blockchain will be more secure and also will be more robustly equipped against any potential hack attempt by quantum computers. Ethereums anonymity is expected to be enhanced through the integration of Zcashs cryptographic engine (zk-SNARKS). This will enable direct order and trade executions between the Ethereum and Zcash blockchains. Ethereum mining will be moved from proof-of-work to proof-of-stake which will help reduce the amount of electricity consumed in mining the cryptocurrency. The decision about mining difficulty was however been delayed but rewards to miners have been reduced. Additionally, it is expected that there Continue reading >>

Ethereums Metropolis Update Will Occur Through Two Separate Hard Forks

Ethereums Metropolis Update Will Occur Through Two Separate Hard Forks

Ethereums developers have provided the world with a little bit more information regarding the upcoming Metropolis hard fork. As noted earlier, this hard fork will go into effect at the end of September of this yearand introduce a lot of changes to the ecosystem. As it turns out, there will be two separate hard forks making up the Metropolis changes. The two forks will be known as Byzantiumand Constantinople respectively. Both hard forks will gradually introduce big changes to the greater Ethereum ecosystem. Although the Ethereum ecosystem is no stranger to hard forks, it seems the developers are leaning toward introducing fewer changes per fork in the future. Considering how the Metropolis development update will shake things up quite a bit, a gradual roll-out of changes and opportunities is indeed a better approach. After all, the developers want to ensure all of their changes work properly before they are introduced to the public. If that means pushing some elements back a few months for optimization purposes, so be it. Constantinople and Byzantium are the two upcoming development changes to look forward to, as both hard forks are part of the major Metropolis update. The first part of Metropolis will be the Byzantium hard fork which will go into effect as planned bythe end of September. The team is still benchmarking the new gas costs, and results should be in within the next two weeks. Once these benchmarks are complete and the network clients integrate the Byzantium EIPs accordingly, the hard fork will be launched onto the Ropsten testnet for two to four weeks. This will give the Ethereum developers some time to collect additional feedback and fix any lingering bugs or issues that may have slipped through. Accessing this testnet release couldbe a bit difficult. The Continue reading >>

Metropolis: Byzantine, The First Part Of Ethereums Planned Hard Fork, Activates October 17

Metropolis: Byzantine, The First Part Of Ethereums Planned Hard Fork, Activates October 17

Recently the first part of the Metropolis hard fork launched on Ethereums Ropsten testnet. On October 17, the hard fork is scheduled to go live on main net. To stay part of the network, every user has to update their client. But what does Metropolis actually change? Is the hard fork a big hit or does it disappoint against the high expectations? On October 17, Ethereum will reach the third stage of its life cycle. After passing Frontier and Homestead, another hard fork will ring in the Metropolis era. The first part of the hard fork will activate some changes, which are not as fundamental as expected, but will significantly change Ethereum nevertheless. On the Ropsten testnet, the hard fork already happened on September 25. On main net, the upgrade is scheduled to activate at block 4,370,000. When this happens anticipated during the morning of October 17 every client must have upgraded. Those which havent will be cut off from the network. The original plan was to transform Ethereum from proof of work to proof of stake. Such a transition would have fired the miners with their graphic cards and replaced them with investors, which stake with their coins. A radical transformation of the basic design of Ethereum will not happen with Metropolis. The developers postponed it to the fourth and last phase of Ethereum, Serenity, to keep the Metropolis hard fork closer to the ground. To coordinate the fork better, it was split in two parts; Byzantine and Constantinople. The first part, Byzantine, is what is in line. But what will it have inside? We will take a look at the changes, one by one, and try to decrypt them. Currently the Ice Age algorithm still increases the mining difficulty exponentially. This can be seen in the statistics of the network; the minting of new ether decrea Continue reading >>

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