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Ethereum Forks 2017

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 Classic Community

Ethereum Classic Community

Vitalik Buterin and The Ethereum Foundation create the first blockchain-based turing-complete smart contract platform Slock.it construct TheDAO Ethereum Contract; a security audit is completed by Dejavu TheDAO smart contract is deployed; members of the public send it value in return for DAO tokens Slock.it announce a $1.5 Million USD proposal, paid in Ether by the crowdfund, 'to guarantee the integrity of The DAO' On the last day of the crowdsale, DAO curator Vlad Zamfir calls for a moratorium on TheDAO, citing many game-theoretical security issues The crowdsale completes to become the world's largest and raising an incredible $150 Million USD Peter Vessenes publicly discloses the existence of a critical security vulnerability overlooked in many Solidiy contracts Stephan Tual publicly claims that TheDAO funds are safe despite the newly-discovered critical security flaw Ether is slowly and silently drained from TheDAO as the re-entry bug is applied The price of Ether is slashed in half as Griff Green announces that TheDAO has been hacked TheDAO's splitting mechanism gives around a month for a solution to be found that recovers the funds; Foundation and community developers race to implement a soft fork A group of 'white-hat' hackers secure 70% of TheDAO funds but protocol-level action is required to save the remaining 30% split by the hacker The Ethereum Foundation releases a 'Soft Fork' client to censor transactions coming from the hacker; mining pools vote to enable it by lowering gas limit Critical Denial of Service flaws are found in the Soft Fork implementation, miners quickly decide not to use it Many days of intense arguing goes on in the Ethereum community about the pros and cons of implementing a Hard Fork The only remaining option is a controversial Hard Fork. Continue reading >>

Hours To Go: How To Watch Ethereum's Fork As It Happens - Coindesk

Hours To Go: How To Watch Ethereum's Fork As It Happens - Coindesk

Hours to Go: How to Watch Ethereum's Fork as It Happens With $30 billion on the line, all eyes are likely to be on ethereum tomorrow as it seeks to navigate one of its biggest-ever updates. Will all software users upgrade to the updated blockchain? Or will anew, competing token be created? That's exactly what the market is watching and waiting to see when etheruem hitsblock 4,370,000, scheduled to occur tomorrow at around 6:00 UTC at press time. The first part of a larger, multi-part upgrade, the so-called "Byzantium" code will make the blockchain lighter and faster, paving the way for better decentralized applications (dapps), while also enhancing network privacy. New features aside, however, ethereum developers are mostly optimistic about the upgrade. Although developers on the most popular clients have had to iron out a pair of bugs in the days leading up to change, there's confidence that the upgrade will be smooth. New and seasoned investors won't likely want to take others' word for it, however. So, if you're eager to see for yourself, here's how to monitor the update in real time: Adding uncertainty to hard forks is their reliance on block numbers as a way to signal upgrades. Simply put, rather than have everyone change their software at a specific time, users rely on the numbered blocks in the blockchain itself as a means of coordinating. Because of this, no one knows exactly when the hard fork will take place. Yet, that doesn't mean there's no way to keep an eye out. To track when this block number will be hit, Singapore-based smart contract company CodeTract has released a fork countdown , showing how many blocks remain and roughly, how much time is left until the fork occurs. By current projections, the hard fork looks like it will execute on early Monday. O Continue reading >>

Ethereum Worth Millions Of Dollars Gets Locked Up | Fortune

Ethereum Worth Millions Of Dollars Gets Locked Up | Fortune

An Ethereum hard fork may be in the future. Thats after a user of digital currency wallet Parity, which many use to store their Ethereum, effectively froze millions of dollars worth of the cryptocurrency on Tuesdayapparently by accident. The user accidentally triggered a flaw with an update to Paritys multi-signature wallets, according to the open-sourced wallet maker , which cut off all access to the funds they contained. This means that currently no funds can be moved out of the multi-sig wallets, Parity warned. We very much regret that yesterdays incident has caused a great deal of stress and confusion amongst our users and the community as a whole, especially with all the speculation surrounding the issue. Although its unclear how much has been cordoned off, early estimates from investors and cryptocurrency watchers put it between $150 million to $280 million. Update: To the best of our knowledge the funds are frozen & can't be moved anywhere. The total ETH circulating social media is speculative. Parity Technologies (@ParityTech) November 7, 2017 The Parity flaw, which affects versions of the wallets deployed after July 20, allowed the user to take control of a smart contract that included coded transaction instructions for multiple wallets. After making himself the owner of the contract, the user deactivated itthereby cutting off access to the ether within. (To reduce the burden on computers, Ethereum users usually deactivate the contract once theyre done with it, or self-destruct it.) The only way to re-activate the smart contract is to perform a hard fork that effectively reverses the work, wrote Patrick McCorry, a cryptocurrency researcher at University College London. Hard forks effectively create a new version of a cryptocurrency when a faction of users refu Continue reading >>

Op Ed: Why Ethereums Hard Fork Will Cause Problems In The Coming Year

Op Ed: Why Ethereums Hard Fork Will Cause Problems In The Coming Year

Op Ed: Why Ethereums Hard Fork Will Cause Problems in the Coming Year After the embarrassing failure of the DAO in 2016, the Ethereum Foundation moved quickly to address the problem by implementing a hard fork. On July 20, 2016, the new code went into effect, reversing transactions that allowed a hacker to bleed $50 million out of the $150 million venture fund in the wee hours of June 17. That DAO hard fork was not popular, but it was effective. The majority of miners moved over to the new chain, and the DAO funds went into a new smart contract, so the original investors could safely withdraw their funds. To be clear, the Ethereum network itself was not hacked, just the DAO smart contract. The hacker took advantage of a loophole in the contract code, written in the JavaScript-like language Solidity. But while the hard fork was an expedient solution to a pressing problem, how the decision-making was handled has long-term consequences for Ethereum. When the hacker drained the account, she/he put the funds in a child DAO. To extend the mandatory hold on those funds before the hacker could cash out, on June 24, the Ethereum Foundation incented miners to soft fork by releasing Geth version 1.4.8, code-named DAO Wars. However, the soft fork was abandoned because of the risk of a denial-of-service attack . The Foundation then began work on a hard fork to reverse the DOA transactions. Unlike a soft fork, a hard fork is a radical change in the protocol that all stakeholders in a blockchain need to agree upon to implement. Not everyone agreed with reversing the DAO funds. Many vehemently opposed it. Yet, as events unfolded, it became clear that Ethereum had no structure in place for settling these differences no official forum for discussing the events, and no official voting me 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 >>

Understanding The Upcoming Ethereum Hard Fork

Understanding The Upcoming Ethereum Hard Fork

Understanding the Upcoming Ethereum Hard Fork As cryptocurrencies mature, they go through a protocol change that requires all users to upgrade. This is what's expected with Ethereum's upcoming hard fork. As cryptocurrencies like Ethereum mature and become more mainstream in the investment arena, it is important to understand the meaning of "hard fork" and"split." That knowledge is especially timely, given that Ethereum is expected to go through a hard fork on October 17 . Earlier this year, we saw Bitcoin split and form Bitcoin Cash which was huge news and a historical event in cryptocurrency world. Now without confusing you too much, in the case of Ethereum, it's important to note: not all hard forks lead to splits, but all splits happen by hard forks. The hard fork expected with Ethereum later this fall is not contentious and is not expected to lead to a split, according experts. New cryptocurrencies usually occur when there's a signal for a new hard fork but there's no consensus -- so a significant enough portion of nodes and miners continue to mine the old chain, thereby introducing a situation with two currencies. For example with Ethereum, we have Ethereum (ETH) and Ethereum Classic (ETC). According to a source, the debate with the latest Ethereum fork is not really significant enough to say with 100% confidence that a new cryptocurrency will come from this, but for now, it's looming in the background. When does a hard fork occur? A hard fork is a protocol change that requires all users to upgrade , because it is not backwards compatible, meaning older iterations would not work as the blockchain advances. So if the protocol change is backwards compatible, it can be implemented as a soft fork. When it comes to most major Ethereal upgrades, they are done as hard fo Continue reading >>

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 >>

Ethereum's Hard Fork Is Coming | Hacked.com

Ethereum's Hard Fork Is Coming | Hacked.com

// -- Discuss and ask questions in our community on Workplace . Ethereums core development team is optimistic that clients will upgrade their software uniformly, ensuring there is no unintended splits. Clients are required to make all the necessary changes accompanying Byzantium to ensure the upgrade is completed in unison. The blockchains most popular client, Go Ethereum (Geth), has already undergone the upgrade. Hacked reported last month that, under protocol EIP 649 , ether blocks will be mined ten seconds faster than they are currently. To safeguard the integrity of the token, the new protocol will also lower the reward miners receive per block to 3 ETH from 5 ETH. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- // Hard fork testing began last month on Ropsten, Ethereums simulation environment. The test included a trial of several Ethereum Improvement Protocols (EIPs) that will be introduced in the upcoming hard fork. The development team met over the weekend to discuss the upcoming hard fork, and generally agreed that everything is on track. No other meetings are scheduled before Oct. 16. A high-profile fork involving bitcoin occurred over the summer, giving rise to Bitcoin Cash (BCH). More than two months later, Bitcoin Cash remains highly volatile. Ether has gained momentum over the weekend, with prices hovering near one-month highs. Prices are currently trending north of $311 for a total market capitalization for $29.6 billion. Ethereum is the worlds No. 2 cryptocurrency by market cap. Ether has gained nearly 3,600% since the start of January, when one token was valued in the single digits. The asset peaked above $400 in June before approaching that level agai Continue reading >>

Vitalik Buterin: Bitcoin More Likely Than Ethereum To Intentionally Fork In 2017

Vitalik Buterin: Bitcoin More Likely Than Ethereum To Intentionally Fork In 2017

Vitalik Buterin: Bitcoin More Likely Than Ethereum To Intentionally Fork In 2017 Join our community of 10 000 traders on Hacked.com for just $39 per month. Vitalik Buterin, co-founder of Ethereum, believes bitcoin is more likely than Ethereum to have an intentional split in 2017, according to a tweet he posted in response to a tweet about the United Arab Emirates choosing Ethereum over bitcoin for a real estate pilot program. Ragnar Lifthrasir, chairman of the International Blockchain Real Estate Association, had tweeted the UAE is being irresponsible by using Ethereum because it is too unproven, too mutable and unstable compared to bitcoin to be used as a real estate database. Past performance not indicative of future results; I actually think BTC is more likely than ETH to split in 2 in 2017 Vitalik Buterin (@VitalikButerin) December 30, 2016 Lifthrasirs comments touched on the proof-of-stake versus proof-of-work debate. Lifthrasir, in criticizing the UAEs decision, pointed to the exploit of the DAO , caused by a vulnerability in its smart contract programming language that allowed the removal of $145 million worth of Ether. Ethereum developers created a new network with new rules. Miners adopting the new version executed a hard fork on July 20, 2016. Such events showed a small group of individuals can make significant changes to Ethereum for investment-boosting or political reasons, Lifthrasir said. The hard fork created another problem because not all Ethereum miners accepted the changes and continued to mine the older chain called Ethereum Classic, causing the two chains to compete, Lifthrasir further noted. This created two databases. Hence, a real estate title application built on the earlier database could have two competing title claims, which Lifthrasir cited Continue reading >>

What Is Ethereums Metropolis Hard Fork?

What Is Ethereums Metropolis Hard Fork?

JP Buntinx March 17, 2017 Education , FAQ , Viral People active in the world of Ethereum are quite excited about the technology powering this ecosystem. The developers are working on the next milestone release for Ethereum, which goes by the name of Metropolis. It is time we take a closer look at what Metropolis brings to the table and how it will shake up the Ethereum world as a whole. Metropolis Is The Next Ethereum Hard Fork Although Ethereum does not have the best of track records when it comes to hard forks, the developers are quite optimistic about Metropolis. This milestone has been on the development roadmap for quite some time now, yet the project has had to be pushed back due to The DAO hack. Metropolis will offer some significant improvements to the Ethereum ecosystem, which can only be seen as a good thing. First of all, the Ethereum protocol will be simplified, allowing novice users to get a more hands-on approach with this technology. It will also become possible for recipients to pay the gas cost for transactions, rather than only the sender. Plus, anonymization will be improved slightly, thanks to this change in the gas payment structure. Light clients are an integral part of any cryptocurrency ecosystem. Not all users want to run a full wallet, some prefer a solution that synchronizes with the blockchain immediately. Metropolis will make light clients more secure, or at least try to do so once the hard fork goes live. A more than welcome change that will be appreciated by many Ethereum enthusiasts. A lot more technical features will be implemented as well, although it remains a bit unclear as to how many of these upgrades will make it to the Metropolis release. Smaller updates can be added to the protocol at a later stage, as the ones requiring the har Continue reading >>

The July Ethereum Price Crash And The August Fork

The July Ethereum Price Crash And The August Fork

The July Ethereum Price Crash And The August Fork Hot off the heels of the stellar Ethereum price crash of June 21, in which the price went from $319 to 10 cents on the GDAX exchange within an hour, it looks like its happening again. It is not so severe this time, like that second hill on a fairground roller coaster, its not carrying investors down as far and as fast as last month, however the fall continues. Previous drops can be attributed to specific events, like a massive sell-off by large scale investors, or a rush of fake news causing panic on the rumor mill, as was the case recently surrounding the supposed death of Ethereum inventor Vitalik Buterin. In this weeks situation, it appears the Ethereum price crash is due to a bearish market, reacting in large part to a similar decline in Bitcoin and Litecoin. All the major currencies seem to have passed their peaks for the time being, with some experts suggesting they are returning to a more natural position after a few days or weeks riding a bubble. Specifically, as of July 10, the price for Ethereum has dropped 18%. This is a significant turnabout from its high of over $400 on June 12 to a present value of just over $200. Its market cap trails that of Bitcoin substantially, at just 57%, and is trailing in trading volumes and total valuation. Like all the other currencies, including Bitcoin, Ethereum remains stateless. Even with stories emerging daily on the newswires, trumpeting another new corporate or banking adoption of blockchain, the role of these diverse types of money, and the very fact that there is such a selection to choose from appears to be keeping the markets hesitant about pushing its value back upwards. Additionally, there are jitters about the relationship between cryptocurrencies and ransomware, b Continue reading >>

Ethereum - Wikipedia

Ethereum - Wikipedia

This article has multiple issues. Please help improve it or discuss these issues on the talk page . This article relies too much on references to primary sources . Please improve this by adding secondary or tertiary sources . Some of this article's listed sources may not be reliable . Please help this article by looking for better, more reliable sources. Unreliable citations may be challenged or deleted. The Ethereum Project's logo, first used in 2014 Ethereum is an open-source , public, blockchain -based distributed computing platform featuring smart contract (scripting) functionality. [2] It provides a decentralized Turing-complete virtual machine , the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. [3] "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network. [2] [4] Ethereum was proposed in late 2013 by Vitalik Buterin , a cryptocurrency researcher and programmer. Development was funded by an online crowdsale between July and August 2014. [5] The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale. [6] This accounts for approximately 13 percent of the total circulating supply. In 2016, as a result of the collapse of The DAO project, Ethereum was forked into two separate blockchains - the new forked version became Ethereum (ETH), and the original continued as Ethereum Classic (ETC). [7] [8] [9] Ethereum was initially described in a white paper by Vitalik Buterin , [10] a programmer involved with Bitcoin Magazine , in late 2013 with a goal of buildin Continue reading >>

The Ethereum Protocol Upgrade Hard Fork Is To Occur In September 2017. What Will Happen To Ethereum's Price? - Updated - Quora

The Ethereum Protocol Upgrade Hard Fork Is To Occur In September 2017. What Will Happen To Ethereum's Price? - Updated - Quora

The Ethereum Protocol Upgrade Hard Fork is to occur in September 2017. What will happen to Ethereum's price? Same thing as traffic for the 2017 Solar Eclipse I live in Oregon. For the 2017 Solar Eclipse we received over 1 million visitors over the weekendall in anticipation for this sensational solar event. The days before August 21st it was heavier than usual but not intense. People were flying in, excited and fascinated by this rare event. They made their way to their camps and hotels little by little over the weekend. Then Monday arrived. The day of the big event! People watched in awe as our moon covered the sun. Done. Finished. Nothing more to see. Life returned to normal. Traffic, however, was not normal. It was a mess. Travel times were twice or even three times as much as normal. The same thing happens with innovation. But in reverse. Any kind of innovation. From the internet to the August 1st hardfork to Ethereums September hard fork. People hear about the event months and weeks in advance. Anticipation builds. Anxiety builds. Uncertainty builds. Solar Eclipse = excitement. People slowly trickle in to see it. Ethereum fork = anxiety. People slowly trickle out to avoid it. Then the event happens. Its big and beautiful and changes things. Solar Eclipse = life back to normal. Mass exodus home. Ethereum fork = life back to normal. Mass influx back in. People are funny like this. People flock to exciting events and run away from anxiety events. Then afterwards life settles back and they go flooding in the opposite direction. Enjoyed reading? Follow me on Quora and subscribe on YouTube for daily cryptocurrency discussion: YouTube If you're new and want to buy a little Bitcoin or Ethereum -- here is my personal referal link: Invite friends and get free bitcoin - Coin 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 >>

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