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Ethereum Homestead Release Date

Ethereum's Development Roadmap - What Is Metropolis? - Bitfalls

Ethereum's Development Roadmap - What Is Metropolis? - Bitfalls

Frontier was the first phase of Ethereum development, launched in July 2015. It was intended primarily for people with a technical background, considering that interaction with the network itself was done primarily through the command line (an interface not all people are familiar with). Frontier was a bare-bones network made of basic parts needed for it to function. The purpose was to develop and test decentralized applications, to test different tools, and to start mining Ether. Homestead is the second phase of Ethereums development, launched on March 14th 2016 (Pi day). It activated on block 1,150,000 and it brings many protocol improvements which lay the foundations to future upgrades and for speeding up the transactions on the network. The third Ethereum phase is very interesting and brings us many changes and novelties like security updates, smart contracts getting smarter, and permitting a larger degree of automation. Metropolis also makes using Ethereum easier for regular people with light clients (programs which do not need the whole blockchain downloaded locally, which could take a hundreds of gigs) like Status for iOS and Android devices. The so-called Ice age is an initiative which will disable mining with graphics cards in the Proof of Work (PoW) consensus mode with the intention of using a more economical approach with a Proof of Stake (PoS) consensus. Proof of Stake will be explained in the Serenity part below The PoS mode stems from the stalemate of development in the Bitcoin community due to disagreements between the miners and the core development team (a group of programmers that work on the Bitcoin protocol). This disagreement brought on a two-year bickering about improving the scalability and permeability of the Bitcoin blockchain . Bitcoin transac Continue reading >>

Ethereums Road Map For 2017

Ethereums Road Map For 2017

Hudson Jameson of the Ethereum Foundation speaks on Ethereum's roadmap, along with details about the ecosystem and community. At a recent blockchain-focused conference , software developer and member of the Ethereum Foundation, Hudson Jameson, gave a presentation in which he discussed Ethereums roadmap and the future of the blockchain ecosystem. Jameson started the presentation by going over the history of Ethereum, beginning with the formal announcement made by Ethereum brainchild, Vitalik Buterin, at the North American Bitcoin Conference in January 2015. Following this public announcement, the Ethereum blockchain went through two phases: The initial release of the Ethereum network that went live in July 2015. It was a bare bones beta release that allowed developers to learn, experiment, mine Ether (ETH), and begin building Dapps and tools. The second major version of the Ethereum platform and the first production release of Ethereum, which was made public in March 2016. It included several protocol revisions and a network change that provided the ability for further network upgrades and sped up transactions. Jameson made the point that Ethereum is essentially two years old. However, within this timeframe, much has occurred within the ecosystem and community. Light-clients, such as Status , a mobile Ethereum Dapp that will soon be available for iPhone and Android, are advancing consumer adoption by allowing users to access the usage data they need without downloading the entire Ethereum blockchain. Smart contract safety and formal verification were mentioned as hot topics in the blockchain space, due to exploited flaws in blockchain projects that have garnered media attention. Jameson stated that developers within the Ethereum community are doing groundbreaking crypto 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 >>

Releases Ethereum/wiki Wiki Github

Releases Ethereum/wiki Wiki Github

While still valid, the substance behind Ethereum has changed, and will continue to, but will avoid making any disruptions to the operation of the network, while maintaining backwards compatibility, with the exception of the transition to Casper proof of stake. For past and planned changes, refer to here , except for Olympic and Frontier. Refer to here within the previous link for past hard forks. The original development roadmap that was laid out before Ethereum went live specified some of the following milestones: Prerelease step 0: Olympic testnet - launched May 2015 as announced here . The Olympic testnet phase saw a lot of major improvements, followed by Frontier which was launched immediately after. Release step 1.0: Frontier, launched 30 July 2015, starting from block 1 . Here is an Ethereum blog post just before the launch, here and here is a wiki. More details are here . For a formal specification, refer to the Yellow Paper frontier branch here . Release step 2.0: Homestead, launched 14 March 2016 (Pi Day) at block number 1,150,000 as announced here . For changes in the Homestead release, see this EIP . Homestead marked the exit from a beta product to a stable release. Release step 2.2: Tangerine Whistle, aka Anti-DoS, EIP 150 Release step 2.3: Spurious Dragon, aka State-clearing, EIP 158/161, was released in Nov 2016. Spurious Dragon is aiming for Dapp developers as well as end users for limited categories of applications, and had a number of security enhancements. Release Step 3.0: Metropolis phase 1: Byzantium, October 16 2017 as announced here . Byzantium aims to introduce various privacy and functionality improvements. Details are here . For the Byzantium Hard Fork, refer to here , which is an archive link showing the Byzantium EIPs. Also, refer to here fo Continue reading >>

Ethereum Blockchain Project Launches First Production Release - Coindesk

Ethereum Blockchain Project Launches First Production Release - Coindesk

Ethereum Blockchain Project Launches First Production Release Next-generation blockchain platform Ethereum has released 'Homestead' the first production release of its software, which was implemented at block 1,150,000 today. The introduction follows Frontier , Ethereum 's inaugural release, which was released to developers in July 2015. Further, it comes on the heels of escalating interest in the open, public platform, which is attracting the interest of major financial institutions, in part due to its support for self-executing smart contracts. For example, a private version of the Ethereum network served as the platform for the first major test conducted by blockchain consortium startup R3CEV in January, with the trial uniting 11 major banks in a high-profile proof-of-concept. Andrew Keys, co-founder of decentralized application development firm ConsenSys Enterprise, explained that whereas Frontier featured only command-line interfaces, Homestead will expand what users will be able to build on the platform and the ease with which they'll be able to build proof-of-concepts and minimum viable products. "Homestead's arrival will begin to demonstrate the next generation of blockchain technology, whereby anything we can dream of, can be accomplished in a decentralized manner using Ethereum." Elsewhere, early members of the platform sought to stress the recent benchmarks that they believe point to the success of the project at a time when financial incumbents are increasingly focused on alternatives to the bitcoin network. "We’ve seen Microsoft and IBM doing projects on Ethereum. There’s a lot of coders. It’s exciting to see something you were in on in the early stages growing and bearing fruit," Anthony Di Iorio, one of Ethereum's founders and a Chief Digital Continue reading >>

Ethereum Announces The Launch Of Homestead

Ethereum Announces The Launch Of Homestead

Ethereum Announces the Launch of Homestead Ethereum team announced the release of the second major version of the Ethereum platform, called Homestead. On February 29, the Ethereum team announced the release of the second major version of the Ethereum platform, called Homestead. Its first version called Frontier attracted attention of leading financial institutions and banks worldwide. Homestead features several protocol changes including the EIP-2, EIP-7 and EIP-8. The newly released client (1.3.4) will soon be followed by release 1.4 which will finish introducing the new features and functions developed in the past few months. Amid the development and distribution of the remaining features, the teams at Ethereum will collaborate to create a roadmap for its clients and sub-protocols, such as the Bitcoin crowdfunding platform Swarm and Whisper. The Ethereum team launched their first beta version of Ethereum, called Frontier, on July 30, 2015, after closing their Proof-of-Concept series with the PoC hackathon on March 5. The decentralized smart contract-enabled network attracted the likes of leading financial establishments and multi-billion dollar banks worldwide, increasing the value of Ethereum as a cryptocurrency dramatically. Frontier’s highly anticipated debut was a success, with miners from all over the world connecting to the network free of technical glitches or any other complications. A few months after its launch, the Ethereum team and the community dealt with consensus bugs and network issues, which surfaced on the Frontier network, collaborating in an efficient manner to solve issues experienced by its users and miners. With most of the major issues and technical difficulties now resolved, the Ethereum team announced that they are ready to launch Homestea Continue reading >>

The Homestead Release

The Homestead Release

cost for creating contracts via a transaction is increased from 21000 to 53000. Contract creation from a contract using the CREATE opcode is unaffected. transaction signatures whose s-value is greater than secp256k1n/2 are now considered invalid If contract creation does not have enough gas to pay for the final gas fee for adding the contract code to the state, the contract creation fails (ie. goes out-of-gas) rather than leaving an empty contract. Change the difficulty adjustment algorithm EIP 7: DELEGATECALL : Add a new opcode, DELEGATECALL at 0xf4, which is similar in idea to CALLCODE, except that it propagates the sender and value from the parent scope to the child scope, ie. the call created has the same sender and value as the original call. This means contracts can store pass through information while following msg.sender and msg.value from its parent contract. Great for contracts which create contracts but don’t repeat additional information which saves gas. See comments on EIP 7 EIP 8: devp2p Forward Compatibility compliance with the Robustness Principle Changes to the RLPx Discovery Protocol and RLPx TCP transfer protocol to ensure that all client software in use on the Ethereum network can cope with future network protocol upgrades. For older versions of an Ethereum client, updates to the network protocol weren’t being accepted by older clients and would refuse communication if the hello packets didn’t meet expectations. This update means all future versions of the client will accept incoming network upgrades and handshakes. EIP-2/1 eliminates the excess incentive to create contracts via transactions, where the cost is 21000, rather than contracts, where the cost is 32000. EIP-2/1 also fixes the protocol “bug” that with the help of suicide refunds, Continue reading >>

The Beginners Guide To Ethereums Roadmap

The Beginners Guide To Ethereums Roadmap

The Beginners Guide to Ethereums Roadmap Ethereums mission is to become a decentralized world computer that replaces server farms. Think of it as a single computer that the whole world can use. It cant be shut down or turned off. As an overview, heres a beginners guide to Ethereum and an explanation of how it technically works . If Ethereum is a computer, then each one of these updates can be looked at as an operating system (OS). Similar to Google launching Android Oreo or Apple launching iOS 10, Ethereum is launching in four stages. Each stage adds new features and improves the user friendliness and security of the platform, while allowing Ethereum to scale. Frontier (July 2015) First live release of the Ethereum network. It allowed developers to experiment, mine Ether, and begin building dApps and tools. Homestead (March 2016) First production release of Ethereum that brought many protocol improvements which lay the foundations to future upgrades and for speeding up transactions. Metropolis (Oct 2017) Lighter, faster and more secure Ethereum broken down into two releases: Byzantium (Oct 2017) and Constantinople (TBA) Serenity (TBA) Will bring us the long-awaited Proof of Stake using the Casper consensus algorithm. All of these updates will help Ethereum scale, which means faster transaction times and lower fees for everyone. As you can see, the Ethereum team has done a great job of scaling transactions. Metropolis promises to be a lighter, faster and more secure version of Etherem. It will also provide greater flexibility to smart contract developers. Metropolis will be split into two core releases: Byzantium and Constantinople. The first hard fork (Byzantium) took place in October . The second hard fork (Constantinople) does not have a set date yet but is expected Continue reading >>

Homestead Release - Ethereum Blog

Homestead Release - Ethereum Blog

Update: We’ve released version 1.3.5 including networking hotfix for homestead 1.3.4.  Development of Ethereum started in December 2013 when two developers and a college dropout researcher decided to put their heads together and develop this amazing piece of technology. We were later joined by many like-minded individuals. Our first Proof of Concept (PoC) came on February 1, 2014. By the time we started our crowdsale on July 23, we were up to PoC 5 with a protocol that was almost finished, and had achieved compatibility between multiple clients. The team was psyched when we got our first million and our second and our third and so on. It was crazy! Believing that we could deliver the Ethereum platform was one thing, but seeing others believe and want to participate it was incredibly inspiring. Somewhat later in October of 2014, Gav and I were sitting on the train to the Zurich airport when we figured that an Ethereum conference would be absolutely awesome, and settled on doing it in November that same year. It was a bit hectic for those who organised it (thanks Aeron, Christian & Jason!), but we managed to pull it off as we were determined to host our first internal developers conference, DEVcon0 . When January 2015 came around, we all knew this would be the year we’d have to launch our beta version of Ethereum. Our PoC series was closed off with the PoC 9 hackathon on March 5th and on July 30, 2015 we successfully launched Frontier. Miners from all over the globe booted up their mining rigs, users fired up their nodes and the network came to life. It worked; no hiccups, no issues and from a developer’s perspective the release couldn’t have gone smoother. In the following months, our team and community demonstrated its potential and true awesomeness in dealin Continue reading >>

Ethereum Approach Metropolis: What Investors Should Know

Ethereum Approach Metropolis: What Investors Should Know

Editorial Note: Since the publication of this article, the Ethereum Metropolis hard fork has been moved. It is currently scheduled to take place on October, 16 at block 4,370,000. Last week was certainly an exciting week for digital currency. China's ban on initial coin offerings (ICOs) sent the market into a tailspin on Sunday. Before the news broke, Bitcoin hit an all-time high and Ethereum was nearing its all-time high. Of course, China's regulation move wasn't surprising. Considering that the digital currency market now boasts a market cap over $150 billion, regulation was inevitable. China's move was followed by announcements from Russia and South Korea that they would also be looking into ICO regulation. Yet, despite all this frenzied action and investor panic, the digital currency market is still developing. Right now, the market is experiencing a lot of hype. But there are also a lot of opportunities specifically from the digital currencies making significant technology advancements. And one such advancement is coming down the pike for Ethereum. It's called Metropolis , and it's a highly anticipated update that will improve the Ethereum network. The changes that will be made to Ethereum during the Metropolis update will help with mass adoption and increase user security. Metropolis could also set off a price rally. The last time Ethereum experienced a network update (Homestead), the token's price moved upward over 100% From Homestead to Metropolis: What Investors Should Know Many investors forget that Ethereum is still a developing technology. It will require modification to keep up with a growing user base. Ethereum will end up having four network upgrades. Two of these updates Frontier and Homestead have already taken place. Metropolis is tentatively expected 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 >>

Network - Why Is The Launch Of Homestead Important? - Ethereum Stack Exchange

Network - Why Is The Launch Of Homestead Important? - Ethereum Stack Exchange

Why is the launch of homestead important? There seems to be an expectation that the launch of homestead will increase the value of ether and improve the network somehow? What changes are coming? The Ethereum project originally laid out a timeline of milestones representative of different states of the ecosystem. In brief, they are: Frontier, a "wild west" stage with emphasized user caution Homestead, a more stable network which is no longer considered "beta" Metropolis, representing a diverse ecosystem of user-friendly software including Mist the DApp browser and tools like Mix the IDE Serenity, the transition to significant protocol and scalability upgrades to be "industry-ready" Although these were the initial expectations laid out, as Frontier approached, need for additional safeguards such as checkpointing were not as necessary. For this reason, much of the functionality of Homestead was already present in Frontier, however there are still a few changes that are pending: The gas cost for creating contracts via a transaction is increased from 21000 to 53000 All transaction signatures whose s-value is greater than secp256k1n/2 are now considered invalid OOG CREATE calls when there's insufficient gas for storing the code (as opposed to silently ignoring the code storage); Difficulty adjust algorithm has changed to block_diff = parent_diff + parent_diff // 2048 * max(1 - (block_timestamp - parent_timestamp) // 10, -99) + int(2**((block.number // 100000) - 2)) Most importantly, the network has been live for 6 months and although some consensus-affecting bugs were found during Frontier, the occurrences have reduced over time and none have been uncovered for several months. Continue reading >>

The Ethereum Releases Of Frontier, Homestead, Metropolis And Serenity.

The Ethereum Releases Of Frontier, Homestead, Metropolis And Serenity.

The Ethereum releases of Frontier, Homestead, Metropolis and Serenity. The Ethereum release process has seen the usual delays - as of course it's software and never going to be ready on time - as there are always going to be be multiple unknowns that aren't factored into the build. This is especially true of such an ambitious build as Ethereum. Also with the ethereum launch process there have been numerous changes of plan that have led to a myriad of conflicting reports that are still out there as to exactly the roadmap is. The blocktime was changes, the block reward was changed and a few other key planned developments were kicked down the road. Again this is all to be expected as that is the nature of development. The other mitigating factor is that after raising money in Bitcoin from the ether crowdsale, there was a huge drop in price - and rumours of rather liberal distributions of cash instead of budgetry discipline by the Ethereum foundation. This led to the foundation having to cut costs and send of their programmers to run their own projects build on the ethereum blockchain. this has doubled the time the ethereum foundations cash reserves will last. Frontier was the initial release of the ethereum network pushed live in July 2015. It was a bare bones release planning to allow the more technically minded to release their own apps, allow people to mine, and get exchanges up and running. Homestead was planned to be released after a month of frontier going live as a best case scenario. As of January 2016 the Homestead release is about 80% complete - but the goals have been altered somewhat as frontier took in a large part of its projected development pipeline - for example the block reward was set to the full 5 ether. In its new form Homestead has become more of a p Continue reading >>

Ethereum Announces Homestead Release Date

Ethereum Announces Homestead Release Date

Photo Courtesy - Jeffery Wilcke posted on the Ethereum blog that the long awaited Homestead release will be on Pi day, or March 14, 2016 (3-14) around mid-day. Technically it is set to go live with block 1,150,000 on the main Ethereum network (block 494,000 on the Morden network), which is predicted to occur in the next 13 days. We felt it was extremely important to clearly communicate to our users how we felt about the security of the network. Today, were incredibly proud to announce that we are finally ready to remove the scratched out word safe from our website as move into a new phase: Homestead. The Homestead block will be 1.150.000 for the main network which means the Homestead transition will be roughly around midday on Pi day and the Homestead block for the Morden network will be 494.000. Photo Courtesy Homestead will be the second major version release of the Ethereum platform and is replacing the current Frontier release. The initial release of Homestead is slated to be version1.2.4 which includes several protocol changes including: This will be followed shortly by release 1.4 which promises even more features and improvements. The developers indicated they preferred breaking it into two releases to help avoid problems and to aid with debugging any that do arise. More information about Ethereum and Homestead is available the Homestead Documentation project . Ethereum prices hits new ATH as it reaches $7.50. It seems the market reaction to the news is positive, as Ethereum just passed its previous ATH (All Time High) of $6.47 ETH/USD set on February 12, 2106. Currently trading above $7.50 at press time, it seems investors are a bit more optimistic now that developer milestones are being reached. Continue reading >>

Phases Of Ethereum - Ether Basics

Phases Of Ethereum - Ether Basics

The launch process of Ethereum is divided into 4 milestonesphases (the release steps) in order to give the development a structure and thus to proceed as quickly as possible. You can find the original plan in English here: Ethereum Launch Process . We have summarized the four main milestones for you: Frontier is the Ethereum network in its most minimalistic form. An interface in the form of a command line (command line) for merging ethers and for uploading and executing Ether Contracts. Miners can configure and start their mining rigs. Trade exchanges may include ether to trade. With the Frontier release, people can test Dapps for the first time and purchase Ether to upload their own software in Ethereum. Ethereum is referred to herein as A SAFE DECENTRALIZED SOFTWARE PLATFORM wherein the word SAFE is red-crossed. The Homestead Phase was initiated after Frontier was extensively tested and classified by the core developers as stable and safe. In this phase, the red SAFE was removed. Ethereum is now considered safe. The development stage of Ethereum remains beta in this phase. From the Homestead release, the first major projects in Ethereum are being developed and implemented. The Metropolis phase will be reached as soon as an official interface is released for technically inexperienced users. Similarly, Mist is to be introduced and its own dapp store. This is expected to include some fully functional programs designed to demonstrate the strength of the Ethereum network. Between the Homestead and the Metropolis release, there will probably be one or more intermediate steps. Metropolis will be implemented in two steps: Serenity is the fourth and final phase of Ethereum. Because PoW (Proof of Work) entails an enormous waste of energy, the developers want to find an alterna Continue reading >>

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