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Ethereum Metropolis Fork Date

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 >>

First Ethereum Metropolis Hard Fork Rolled Out

First Ethereum Metropolis Hard Fork Rolled Out

First Ethereum Metropolis Hard Fork Rolled Out By Nathan Reiff | Updated September 19, 2017 1:15 PM EDT Ethereum, the second-largest cryptocurrency in the world by market cap, rolled out the first stage of its Metropolis hard fork proposal this week. Coin Telegraph reports the hard fork will be executed in two phases, the first of which began Monday, September 18. This first step is known as the Byzantine hard fork, and it is expected to reduce the consequences and actions of malicious presences within the broader ethereum network. It will be integrated into ethereum's testnet on block number 1,700,000. Buterin: Network Improvement Is Necessary Vitalik Buterin, co-founder of ethereum , previously emphasized the importance of a broad improvement to the cryptocurrency network, made possible by the execution of a hard fork, in order to ensure that stability and security remain priorities as the network continues to grow. Efficiency is also a key goal of the hard fork, particularly for decentralized applications and their developers. In the past year, many additional companies and governments have begun to explore the way that the ethereum ecosystem and blockchain can enhance their businesses and operations. These include major Wall Street institutions such as JPMorgan, and large-scale tech companies like Microsoft and Intel. If ethereum hopes to be able to support the apps and increased user base associated with this expanded interest, it must be able to offer a more robust protocol. Buterin has explained "the applications are there...all are on backburner now precisely because scalability is not there. I personally have cut down evangelism precisely because I see that the main bottleneck is now not interest, but tech." The Byzantine hard fork will be implemented at first Continue reading >>

When Will The Ethereum Metropolis Upgrade Happen? Will The Price Of Ethereum Drop Before It Just Like Bitcoins Did With The Possible August 1st Fork?

When Will The Ethereum Metropolis Upgrade Happen? Will The Price Of Ethereum Drop Before It Just Like Bitcoins Did With The Possible August 1st Fork?

The Metropolis hard fork has been on the roadmap for quite some time now. Many people are worried it could cause there to be yet another Ethereum currency, but that is highly unlikely since the fork has nothing to do with any sort of ideological debate facing the currency. Though as we just saw Bitcoin forking into BTC and BCH had no negative effect on BTCs price. Vitalik Buterin gave a keynote about the Metropolis hard fork at an Ethereum meetup in Singapore this January, so my best bet is that youll see it implemented by the end of this year. Considering the fact that some people investing in currencies are speculators who might not understand the technology, it is possible for there to be a price drop right before, but I see no reason for there to be one. Any time there is an improvement on the technology, they should be worth more and priced even higher. Ether is still currently grossly undervalued ($268 USD per), so its got plenty of room to grow between now and then. Ethereum metropolis has been pushed back a couple of times. There is no official release date for it but it is anticipated that it will come out sometime in November. It should not affect the price poorly. If anything, it may/should increase the price. Metropolis was a built in hard fork scheduled to happen from the very beginning. It will not create another split like we saw with Ethereum/Ethereum Classic. The only reason we may not see another price increase is because we were scheduled to have it back around May/June and Ethereum rose in price greatly because of it. So it may still already be priced in. If you ask me, I think it will still increase in price during the weeks leading up to and after metropolis. Everybody likes new features/upgrades! See more about metropolis and price speculation of 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 >>

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 >>

A Simple Guide To The Ethereum Metropolis Upgrade

A Simple Guide To The Ethereum Metropolis Upgrade

The proposed Metropolis upgrade for Ethereum will roll out in two phases. The first phase, known as the Byzantium hard fork is now set for October 17, 2017. The second phase, known as Constantinople has no official release date as of yet. The Byzantium hard fork does keep getting pushed back in its release, however bear in mind the proposed changes being made to Ethereum are quite thorough and embody the result of months of hard work on the part of various coders. Ignore any emails you receive indicating that you need to upgrade for example your wallet, or that you need to enable 2 factor authentication for your account. These are fishing links. All of the updates will be done on Ethereums end. The Hard Fork Will Not Result in a New Coin: Whenever there is a fork, there is always the risk of a chain split, such as what happened with Ethereums initial hard fork, resulting in the creation of Ethereum (the updated version) and Ethereum Classic (the original). At that time, there was major ideological divide in the Ethereum community and many did not agree with altering the blockchain due to the DAO hack . The Ethereum Foundation continued forward with the update, essentially erasing the history of what happened and moving their funds to a new blockchain address. The Metropolis upgrade is vastly different, with many in the Ethereum community united on these improvements, with very little if any resistance to the proposed upgrades. This means more than likely Ethereum miners will upgrade and there will be no chain split. All of the official changes are listed here . 1. Simplified Programming in Solidity: New functionality will be added within Ethereums programming to be more conducive to novice programmers, which is huge considering a lot of people struggle with the Solidit Continue reading >>

First Of Two Ethereum Metropolis Hard Forks Takes Place Tomorrow

First Of Two Ethereum Metropolis Hard Forks Takes Place Tomorrow

First of Two Ethereum Metropolis Hard Forks Takes Place Tomorrow Tomorrow is an important day in the history of Ethereum. As most people know, tomorrow will be the day on which the first hard fork of the Metropolis upgrade takes place. Unlike the previous big hard fork, there will be no currency or blockchain split this time. Its an interesting milestone for Ethereum, as the quest to make this project more appealing is far from over. Once we hit block number 1,700,000 things will get somewhat more interesting. The first part of Ethereum Metropolis introduces some interesting changes. We see the introduction of Zk-snarks and early PoS support. Additionally, there are some interesting changes to how smart contracts work. This main technology of interest associated with Ethereum still requires a lot of work. In this first fork, the smart contracts will become more flexible and robust. A more than welcome change, to say the very least. Do keep in mind there will be a second hard fork at a later stage. Similar to the first, no major issues are to be expected whatsoever. There will be some more integrations and updates, although most of them have yet to be documented. It is good to know both of these forks will go off without a major hitch, though. After all, we dont need an Ethereum Cash or other useless altcoins right now. For the Ethereum users themselves, no major changes will occur. Nor does anyone need to take significant precautions either. It is advised not to send or receive any ETH transactions during the fork itself, though. While no issues are expected, there is no reason to lose coins by accident either. Anyone who keeps money in an exchange will be safe from harm unless the company in question messes up really badly. Most of the Ethereum clients have been updat 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 >>

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 >>

First Iteration Of Ethereum Metropolis Hard Fork To Appear Monday

First Iteration Of Ethereum Metropolis Hard Fork To Appear Monday

First Iteration of Ethereum Metropolis Hard Fork to Appear Monday Ethereum devs are ready to roll out the Metropolis hard fork proposal by next week. The Ethereum Foundation and other developers in the open source development community of Ethereum are ready to roll out the first iteration the Metropolis hard fork proposal by next week. According to Jordan Daniell of ETHNews, the Metropolis hard fork is set to be executed in two separate phases. The first iteration of the Metropolis hard fork is called the Byzantine hard fork, a solution that is expected to minimize the actions of bad actors within the Ethereum ecosystem. The Byzantine hard fork will be integrated into Ethereums testnet on block number 1,700,000, which could be as early as Sept. 18. In previous interviews with Cointelegraph, Ethereum co-founder Vitalik Buterin emphasized the necessity of a network improvement and the execution of a hard fork in order to provide a more efficient, secure and robust infrastructure for decentralized applications (dapps) and developers. Over the past 12 months, an increasing number of multi-billion dollar financial institutions, Fortune 500 conglomerates and dapp developers have entered the Ethereum ecosystem through various consortia such as the Enterprise Ethereum Alliance. Companies like JPMorgan, Microsoft, Intel and BBVA are actively developing applications on top of the Ethereum protocol to automate their operations and develop new infrastructures based on the immutable Blockchain network of Ethereum. For the Ethereum network to support all of the incoming large-scale dapps in the near future, especially many dapps that are set to be commercialized and implemented to larger platforms, developers will require a more robust protocol to work with. The applications are the 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 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 >>

Metropolis Part 2: Constantinople And What It Brings To Ethereum

Metropolis Part 2: Constantinople And What It Brings To Ethereum

After a successful integration of the first part of the Metropolis Hard Fork, Byzantium, Ethereum has its eyes set on Constantinople. The second part of the Metropolis hard fork will introduce new features and may finally include the foundations for the Casper Proof-of-Stake . According to the most recent Ethereum Core Dev Meeting , Constantinople will be shedding light onto a new hybrid PoS/PoW blockchain. With this new update, transactions on the Ethereum network will continue to be mined using the current Proof of Work ( PoW ) Consensus Algorithm, but 1 out of every 100 blocks will be validated using the new Proof of Stake consensus algorithm. The difficulty time bomb or better known as the Ethereum Ice Age, was delayed in Byzantium due to the increase in block times coming up to the initial fork. With Constantinople, there will be no delay in the difficulty time bomb and we can expect to see the effects of the Ice Age in about ~12 months. The difficulty time bomb is a mechanism used to make mining less profitable and much harder in order to forcefully move network participants towards the Proof of Stake chain. Another EIP ( Ethereum Improvement Protocol ) which was set to be included in Byzantium, but later deferred to be included in Constantinople, is EIP-86 . EIP-86 brings account abstraction to the Ethereum network which will allow users to have more control over their private keys. EIP-86 will also allow for smart contracts to pay transaction fees rather than always having the sender settle the Gas payments. Overall, Constantinople will be introducing the much needed building blocks for Ethereums switch to the Casper Proof of Stake protocol. It will also be re-introducing some improvements that were meant to be included in Byzantium but were deferred to Constan 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 >>

Metropolis Ahead: Ethereum Developers Set September Date For Testnet Launch - Coindesk

Metropolis Ahead: Ethereum Developers Set September Date For Testnet Launch - Coindesk

Metropolis Ahead: Ethereum Developers Set September Date for Testnet Launch A launch date for the 'Byzantium' testnet, the next critical step toward a major upgrade for ethereum, has been announced. The testnet will be deployed on September 18, following a discussion between ethereum core developers today. Byzantium is the first of two phases in the ' Metropolis ' update, set to be followed by 'Constantinople' at a later time. The actual network upgrade release will likely be launched in early October, depending on the length of the testing period and any issues that may arise during that time. Observers had predicted that the Metropolis upgrade could come as early as this month, but ongoing development pushed that date to later in the fall. As developer Hudson jameson, the unofficial release manager for Metropolis, said during the meeting: "For all the coin media that keep saying September it's not September. It's October 9 unless something goes wrong with the testnet." Vitalik Buterin, the creator of ethereum, said during the meeting that he anticipates the Byzantium test phase will last between three and four weeks. In response, developer Pter Szilgyi posited that the timeline for that could shift, noting "if things go wrong....they will go wrong fast." Continue reading >>

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