Etherzero - A Revolutionary Ethereum Hard Fork, Forking On 19th Jan 2018
EtherZero - A Revolutionary Ethereum Hard Fork, Forking on 19th Jan 2018 Also a Ethereum hard fork, what difference would EtherZero make? Also a Ethereum hard fork, what difference would EtherZero make? Although there are many bitcoin fork outside, there are only few Ethereum fork on the way. The two already announced Ethereum fork had some trouble with its fork height and changes several time, which lead to a result that many trade platform trust has been lost. However, this time, a new Ethereum hard fork, EtherZero, wish to change the current situation , it may become the most successful Ethereum hard fork that the history has ever had. So now lets find out together what the EtherZero really is and what on earth outstanding charateristics they have: Allocation: Total supply is about 116 million ETZ Reserve 20 million ETZ for subsequent development Newly increased: about 6 million ETZ per year (about 5% inflation and declining year by year) Currently EtherZero team is made up by 20 people, these people are from different country, also we are cooperating with many famous DAPP development workshops from India and East Europe, most of our team member are professional DAPP developers, although we are not famous for now, the techniques are no questioning here. 0 TX fee, meet any requirement of DAPP s development, arrangement and operation; Payment instantly, is suitable for more trade scene; Two layer network system high scalability, Allow DAPP to be used by mainstream people. You may be curious about the masternode sytem, here is a more specific explanation of it: Our idea is to improve and stabilize the market value of ETZ, and we are trying to get ETZ's market value at 10% of the Ethereum in the short term. The masternode can benefit more cash users. We expect the initi Continue reading >>
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 >>
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 >>
How Does The Ethereum Fork The 19th Of January Work? Do I Double My Money If I Have Ethereum? - Quora
How does the Ethereum fork the 19th of January work? Do I double my money if I have Ethereum? Why is the Nintendo Switch so popular on Amazon? Designed to go wherever you do. Transform your home console into a portable system in a snap. Answered Jan 1, 2018 Author has 667 answers and 2.7m answer views The Ethereum hard fork which is scheduled to take place on January 19th is the EtherZero (ETZ) hard fork. EtherZero is a hardfork that plans to introduce masternodes to its blockchain, the total coin supply will be 116 Million and the hard fork will occur at around 19:00 - 21:00 GMT. Your Ethereum holdings will not double but you will receive free EtherZero instead. If you hold your Ether in EtherZero compatible wallets you will receive EtherZero at a 1:1 ratio so for example if you hold one Ether you will then recieve one EtherZero. Wallets that allow you to control the private keys usually support hard forks by default. Ledger Nano S - A hardware wallet that supports Ethereum as well as hundreds of other different cryptocurrencies and stores coins offline with BIP encryption. Ledger Blue - Like the Nano S but with a larger color screen and additional data protection. If you want free EtherZero Tokens you just need to hold your Ether in ETZ supported wallets (or wallets that give you control of the private key), that also goes for all cryptocurrency hard forks that result in a chain split. 29.8k Views View Upvoters Not for Reproduction Answered Jan 1, 2018 Author has 151 answers and 71k answer views You will not double your current inventory of Ethereum. Instead, youll retain the amount of Ethereum you own and also get, on top of that, an equal amount of Ether Zero, which is the coin of the new fork. Make sure you move your Ethereum to a compatible wallet before the fork Continue reading >>
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 >>
Etherzero Team Cancels Plans To Hard Fork Ethereum
In the world of cryptocurrency, hard forks are seemingly the new altcoins. More specifically, a lot of developers want to hard fork existing currencies rather than build their own coins from scratch. In the case of Ethereum, one of those hard forkswas known as EtherZero. However, this fork has been canceled due to a lack of community support and big trading platforms. Its a very interesting decision, although few people will mind that the fork will not happen after all. It is evident that Bitcoinwas subject to quite a few hard fork attempts in 2017. Bitcoin Cash and Bitcoin Gold are perhaps the most notorious ones, even though Bitcoin Gold is very different from both Bitcoinand Bitcoin Cash. It is evident that this way of creating currencies will affect altcoins in the future as well. While the concept of taking existing code and turning it into anew project is not uncommon, it seems developers are far too keen on creating hard forks and airdrops right now. Thats not a favorable course of action by any means, as most of these hard forks serve no purpose whatsoever. The first altcoin to have receivedsuch hard forks/airdrops is Ethereum. Given Ethereums position in the world of cryptocurrency, that is not entirely surprising. It is evident that people like whatthis project has to offer andwish to make a quick buck from introducing so-called hard forks. Moving away from the original codebase for no apparent reason usually means the new fork is just a money grab which serves no real purpose. This is very different from how Ethereum Classic was created, as this currency exists due to ideological differences between parts of the Ethereum community regarding the bailout of The DAO. The first major Ethereum hard fork which was set to occur in 2018 is EtherZero . Although most Continue reading >>
Where Will Ether Go Next? Will It Surpass Ripple After The Upcoming Proposed Hard Fork?
Hard Fork Ahead: Will Ether Sustain Its Lead Over Ripple Amidst Plunging Cryptocurrency Prices? The price of Ether plunged further today to trade at $975. This second largest cryptocurrency is not alone in the downward trend, the widespread cryptocurrency crash has affected almost all cryptocurrencies in the market. But this isnt the only reason why Ethers price is experiencing a sharp drop. The upcoming hard fork could also be affecting its value. Anton Mitrohkin, CFO and Co-founder of Descrow , says, The price of Ether is influenced by the expected hard fork onJanuary 19. In general, after this date, you can expect a rebound in the price of Ether. Then it will be possible to judge the real value of these crypto-currencies and their place in the world ranking. Days after Ethereums market capitalization surpassed that of Ripple on the coin market, the cryptocurrency traded at an all time high price of $1375 on January 10, having surpassed the $1000 mark the weekend before. Though the currencys price has experienced ups and downs since last weeks all time high, it traded safely above the $1000 mark until today when its price dropped to $975 on CoinMarketCap.com . But even with this drop, Ether continues to enjoy a positive outlook from industry players. Jameel Shariff, CEO at P2PS , says, Ethers intrinsic value is much more than its current market cap although Ether has run up quite a bit. We can expect Ether to go beyond $1750 in the next few weeks due to the growing prominence of the smart contracts usage in all the ICOs & beyond. But not everyone sees a bright future for Ether, some players in the industry hold a different view based on previous performance of Ethereums blockchain network. Ether is obviously very much overestimated and in the near future the price sh Continue reading >>
[update] Hodl That! #5 Ethereum Hard Fork Free Etherzero (20th Of January)
Update: The hard fork happened at the evening at the 19th of January around 8 PM GMT @ block number 4.936.270. The current block number can be found here: Every Ethereum token will create an EtherZero token. You just have to keep Ethereum in one of the following wallets: The following exchanges have been approached for a listing (Source: EtherZero, none of these exchanges confirmed a listing yet): At this time, we cant say if EtherZero is a scam or not. The Team itself seems not united, the domain is registered with WhoIs protection, which is uncommon for a project of this size. Metamask warns from phishing if you visit the website. However, if they could keep up with the promises of the white paper, EtherZero would have a very high potential but as so often: if something that seems to be too good to be true, it probably is. The scam rumors are maybe FUD, please read this post . After looking into EthZero, we have no clarity as to (1) what the code is (2) who created it (3) if it is properly licensed. Coupled w/ multiple .exes that are malicious, we recommend NOT INSTALLING NOR USING ANYTHING RELATED TO ETHZERO AS IT PUTS YOUR SYSTEM & ETH AT RISK MyEtherWallet.com (@myetherwallet) 20. Januar 2018 EtherZerowill be a legend, that is sure: Whether as the better Ethereum, the biggest airdrop scam ever, or as the hard fork with the worst communication cryptosphere has seen yet. Lets sit it out. Please stay safe there are so many fake websites out there right now, do not submit your private key / seed anywhere just dont do it. There was one doubtable option to submit your private key / seedon the etherzero website, which has aMyEtherWallet-alike wallet. This can be considered as very risky if you do this from your main wallet. If you dont need the wallet further and moved a 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? 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 >>
Beginner's Guide To Ethereum Casper Hardfork: What You Need To Know
The Casper updates mission is straightforward, then: to shift ether from being a PoW coin to a Proof-of-Stake (PoS) coin . As opposed to the PoW consensus protocol, the PoS protocol achieves consensus through stakerssometimes referred to as minters, toowho stake their coins by locking them down in specialized wallets . With these stakers at work, mining will become redundant, meaning the Ethereum network post-Casper will rely on stakers and staking pools instead of miners for its operability. And, like miners, stakers will be rewarded for their service to the network. Minters will receive an annual dividend of ether (collected from network fees), so staking would be a lucrative endeavor for those with enough coins. Naturally, then, the more ETH you stake, the larger your annual dividends will be. For now, Ethereums developers havent arrived at a hard number for the amount of ETH that will be required to stake. What they have confirmed, though, is that the number will likely start out higher before gradually being brought considerably lower. For instance, Ethereum founder Vitalik Buterin has recently thrown around a guesstimate of needing approximately 1,000 ETH to be one of the networks inaugural stakers. He said that number could be dropped down to as low as 10 ETH over time. Whatever the number ends up being, users will still be able to band together and create staking pools, just like there are robust mining pools in the Bitcoin and Ethereum communities today. Youll simply pitch your desired amount of ether in, lock in down with your peers, and rake in the dividends together (to be shared proportionally, of course). Well, the Casper update is certainly a team effort, but its inarguable that top Ethereum researcher Vlad Zamfir has been at the vanguard of the updates Continue reading >>
Ethereum Hard Fork Coming Soon
The Etherzero (ETZ) project will try to improve the future of the cryptocurrency. We have already seen many Bitcoin forks but still any fork for Ethereum. There have been announced two Ethereum fork but they had some issues with its fork height, resulting in many changes over time. This way many users lost their trust regarding the upcoming changes. However, a new Ethereum hard fork called EtherZero is trying to improve the situation. The EtherZero fork will take place on January 19, 2018, GMT 19:00 and will feature the following characteristics: Allocation: Total supply is approximately 116 million ETZ Reserve 20 million ETZ for subsequent development Newly increased: approximately 6 million ETZ per year (almost 5% inflation and declining every year) At the moment, EtherZero team includes 20 people from many different countries. Also, they are collaborating with many famous Indian and East European DAPP development workshops. The majority of the teams members are professional DAPP developers as well. What kind of Innovation does the team have to offer? The team hopes to bring a new kind of a master node system. Their idea is to stabilize and improve the market value of ETZ. They are aiming to get ETZs market value at 10% of the Ethereum in a short period. In addition, the master node will benefit more cash users. They are expecting the initial access node to be 10,000 ETZ. The distribution will be 45% to the master nodes, 45% of the rewards to the miners, and 10% to the self-governing communities. In the case EtherZero made its market price up to 10% of the Ethereum, the cryptocurrency price would reach 70 US dollars per unit, at least theoretically. The deployment of the ETZ chain is developer friendly and can be completed after a few changes. It is based on the DAPP Continue reading >>
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 >>
Ethereum Hard Fork! | Blockchain24.co - News And Tips From Cryptocurrency World
Ethereum the second cryptocurrency in term of its price , which is supporting smart contracts, will have another hard fork. This time EtherZero, which will have 0 transaction fee, interested? Build daily using DAPPs with EtheZero Platform. EtherZero has all the dream features needed by DAPP developers: 0 TX fee, instant payments and high scalability(up to thousands of TPS). Made by Dapp developers, for Dapp developers. EtherZero website The new hard fork will be executed at Block: 4 936 270. This is the third fork in last months. Previous ones had troubles with its height and because of it, lost investors trust. This fork may change a situation and maybe will be the most successful ETH fork. The information you need to know about EtherZero: Total supply: 194 million = 97 million for hard fork + 97 million for reservation 01.2018 The EtherZero network will be released to achieve 0 transaction fee and anti DDOS attacks. 02.2018 EtherZero will complete issuing EtherZero, put up the online wallet, let the Mainnet to achieve the 0 transaction fee and anti DDOS attack, mine first EtherZero block after the fork 03.2018 The mobile wallet and the DApp application store will be released to promote the ecological development of the user. 1st quarter of 2018 The Masternode will be successfully tested on Testnet. 2nd quarter of 2018 The Masternode will be successfully tested on Mainnet, realizing real time transactions and higher transaction concurrency (greater than 10000TPS) 4th quarter of 2018 The optimized version of Masternode will be online, supporting tens of thousands of TPS 4th quarter of 2019 Star DAPP application competition begin and launch a long-term developer reward program to promote the development and prosperity of the developer community. EtherZero Also check the Continue reading >>
Is Ethereum About To Explode, Considering The Upcoming Hard Fork On The 18th Of January?
Mark Johnson , Cryptocurrency blogger, investor and enthusiast Answered 11w ago Author has 668 answers and 2.7m answer views It is possible that Ethereums price will increase after the EtherZero (ETZ) hard fork on the 19th of January, possible reasons include: Investors buying Ethereum/Ether (ETH) to increase the amount of free EtherZero they receive (ETH holders will recieve one ETZ for every ETH they own) Investors could sell the EtherZero after the hard fork and use it to buy more Ether. Due to the above reasons, Ethereums price could rise rapidly (similar to what happened with Bitcoin) and this would attract new investors who want to take advantage of the price increase. We can look at how hard forks have effected the value of Bitcoin in 2017 to help give us an idea. Bitcoin doubled in price after the Bitcoin Cash (BCH) hard fork and continued its bull run throughout the year and increased again after the Bitcoin Gold (BTG) hard fork and only slowed down after the Bitcoin SegWit2x (B2X/Bitcoin2x) hard fork was cancelled. Before the Bitcoin Cash hard fork one Bitcoin was worth about $1,600 and after the Bitcoin Cash hard fork the price for one BTC was $4000, then shortly after the Bitcoin Gold hard fork one Bitcoin was worth over $10,000. The hard fork could set off a chain of events leading to a rapid rise in Ethereums price: Investors might want to get their hands on free EtherZero Tokens, investors might then sell their EtherZero, other investors might jump in during the price rise and on top of all of that cryptocurrency is becoming more and more mainstream so a lot of newcomers might jump on the bandwagon as well. Or all of this might not happen, we can only wait and see, in my opinion Ethereum is a great investment regardless of any hard forks. 211.6k Views Vi Continue reading >>
Etherzero: What Do We Know About The New Ethereum Fork
EtherZero: What Do We Know about the New Ethereum Fork Multiple forks of Bitcoin blockchain created over last years has made it popular among the cryptocurrency community. The same trend is now happening with the second most popular network, Ethereum. According to a team of anonymous developers (who only have their names listed in the white paper), the EtherZero fork occurred on January 19, 2018, at block 4936270. However, there isnt much information available about this project. The article attempts to understand the issue by collecting all the information available till date. For the first time, the EtherZero project became known at the end of December 2017, and as it was reported then, it is a new generation of a platform for developing smart contracts created by a group of professional developers of decentralized standalone applications (DAPP). Among the main features of EtherZero are a two-level network system using the Dash master node architecture, a system of offline community management, zero commissions, instant transfers and, finally, high scalability. At the same time, nothing is said about the EtherZero hard fork on the official Ethereum website: ethereum.org, no comments are given by the network developers either. Interesting, that in the early January the post appeared in the project thread on Bitcointalk : due to the lack of support from the community and large trading platforms, the project launch is canceled. After some time this message was deleted, but the evidence of it has been preserved on the network. The project devteam says that Ethereum users will receive about 116 million ETZ tokens, where 1 ETZ is equal to one ETH. They have also set an ambitious goal to pick off 10% of Ethereum capitalization ($ 102 billion as on January 21, 2018). Also, t Continue reading >>