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Ethereum Phases

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 >>

Kin, Stellar & Ethereum: New Info On Our Blockchain Infrastructure

Kin, Stellar & Ethereum: New Info On Our Blockchain Infrastructure

Kik TLV Backend Team Leader. Chess and Poker enthusiast. Kin, Stellar & Ethereum: New Info on Our Blockchain Infrastructure Using a high-speed, high-scale blockchain is key to making Kin the ideal cryptocurrency for everyday use. Welcoming Stellar into Kins infrastructure is a huge step forward in Kins functionality and accessibility for digital services. Up to now, all Kin transactions have taken place on Ethereum (ERC20). Moving forward, Kin transactions will be performed on Ethereum or Stellar. As Ted discussed in a recent AMA , the two blockchains will support Kin in different ways with services operating on the blockchain that is best suited to their needs. While Ethereum provides liquidity for Kin holders, its load times and fees cant support our needs for day-to-day consumer use. The addition of Stellar as a second blockchain will allow us to operate the Kin Ecosystem on a faster, more efficient foundation, with low transaction fees which is necessary for us to achieve the speed and scalability that digital services in the ecosystem will require. Now that our relationship with Stellar is in place, we want to share more information on our bi-directional migration plan for Kin tokens. In practice, the plan is less like a migration than like a software update: because Kin will run side-by-side on both Ethereum and Stellar, participants wont need to move their tokens away from Ethereum if they dont want to (and user experience with ERC20 wont be impacted). The change will simply create a more frictionless experience for using Kin. As our two-phase plan (below) explains, participants in the Kin Ecosystem will always be using the same Kin token whether on Ethereum or Stellar just on a different underlying infrastructure. Under the terms outlined in the the Kin whitepa Continue reading >>

What's To Do Before Ethereum Enters 'metropolis'? - Coindesk

What's To Do Before Ethereum Enters 'metropolis'? - Coindesk

What's to Do Before Ethereum Enters 'Metropolis'? Ethereum is over the hump, moving towards thethird of its four planned stages of development to further the groundwork for itsso-called 'world computer'. The next stage, called Metropolis, fusesa motley bunch of technical changes that might seem a bit random, but will pavethe way for future updates that makeethereum easier to use. The upgrade hastaken longer than expected, largely becausean unknown attacker launched denial of service attacks on the network last year, disrupting transactions and projects being built on the platform. However, recent developer meeting notes show that progress is continuing, withsome teamsalmostdone on implementing their changes and now preparing fortesting. Dimitry Khokhlov, Ethereum Foundation testing engineer, told CoinDesk that development of the third phase is roughly halfway to completion. Firstly, developers need to finish coding the upgrades. Although this long-awaited release won't include dramatic changes such as proof-of-stake or sharding, this stage does incorporate roughly 10 Ethereum Improvement Proposals (EIPs). All these EIPs look to pave the way for 'abstraction' by reducingthe amount of features that are hard-codedinto ethereum.The aim, much like the aim of ethereum itself, is to leave more room for app developers to make their own design decisions. EIP 86 , for example, allows users or app developers tosecure accounts whatever way they wish. An Ethcore spokesperson told CoinDesk that Parity, a popular ethereum client written in Rust, has implemented seven of the 10 EIPs, but is awaiting clearer instructions as developers come to consensus on thechanges that need tobe implemented. This 'rough consensus' approach is common inopen-source development. The wait shouldn't be lo Continue reading >>

The Ethereum Launch Process

The Ethereum Launch Process

Hexayurt Guy, former cypherpunk, release coordinator and general strategist Im Vinay Gupta , the newly minted release coordinator for Ethereum. Ive been working with the comms team on strategy, and have now comeaboard to help smooth the release process (some of the content in this blog is out of date, please see this link for the most up to date information on Ethereum). Ill be about 50/50 on comms and on release coordination. A lot of that is going to be about keeping you updated on progress: new features, new documentation, and hopefully writing about great new services you can use, so its in the hinterland between comms and project management. In theory, once Im up to speed, I should be providing you with the answers to the question: whats going on? But give me some time, because getting up to speed on all of this is nontrivial. We have a very large development team working with very advanced and often quite complex new technology, and keeping everybody up to date on that simultaneously is going to be tricky. To do that well, I have to actually understand whats going on at quite a technical level first. I have a lot to wrap my head around. I was a 3D graphics programmer through the 1990s, and have a reasonably strong grounding in financial cryptography (I was, and I am not ashamed to admit it, a cypherpunk in those days). But we have a 25-30 person team working in parallel on several different aspects of Ethereum, so patience please while I master the current state of play, so that I can communicate about whats changing as we move forwards. Its a lot of context to acquire, as Im sure you all know if theres an occasional gaffe as I get oriented, forgive me! Ive just come back from Switzerland, where I got to meet a lot of the team, my orientation week being three day 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 >>

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 >>

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The "casper Aspect Of Casper" Is Totally Successful On Testnet, Sharding Part One Phase One Completed, Says Buterin

The Casper aspect of Casper, where two conflicting blocks should not be able to be finalized, seems to actually happen running and the network agrees all along what the final chain is. So that part has been totally successful,Vitalik Buterin, Ethereums co-founder, saidin a research update during the developers meeting. The Proof of Stake hybrid Casper is on testnet, and has been running for a few weeks, but not without problems.The nodes apparently keep reconnecting and randomly get a flood of connections, so devs have to perform round-about hacks to keep it going. That suggests quite a bit more testing will be needed before it can be implemented into the live network. But the main part of Casper, its ability to reach network consensus, has apparently been successful, with the faced problems more ancillary. A live implementation, therefore, might hopefully be ready by summer. On the Sharding side, quite a lot of work has started, Buterin said, with sharding being probably the biggest upgrade of any public blockchain. Currently, blockchains work by every node replicating the exact same work as every other node. That doesnt scale very well. Parallelization, therefore, will need to be incorporated, which is in effect what sharding does. So instead of having an identical replication, nodes are bundled into a set of say 100 and validate say 1,000 transactions. The other 100 nodes validate a different set of 1,000 transactions and so on. Then, through a consensus algorithm, all these nodes are bound together, so that if a node produces an invalid transaction the entire network knows about it and rejects it. This can allow for as good as an unlimited number of transactions, with the full specification for part one of phase one now at a good enough stage. There are five phases Continue reading >>

A Simple Guide To The Ethereum Metropolis Upgrade

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 Byzantiumhard 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 ofvarious 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 consid 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'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 >>

Ethereum's Big Switch: The New Roadmap To Proof-of-stake - Coindesk

Ethereum's Big Switch: The New Roadmap To Proof-of-stake - Coindesk

Ethereum's Big Switch: The New Roadmap to Proof-of-Stake After years of development, ethereum has a new planto update the algorithm that keeps its entire network in sync. Vitalik Buterin, ethereum's creator , recently released a rough implementation guide that reveals the network's developers will first start with a 'hybrid' system that merges bitcoin-style proof-of-work mining with itsmuch-anticipated and still-experimental proof-of-stake system called Casper, created by Buterin. The planeffectively meansethereum will begin alternating between the two systems, so that some transaction blocks (one out of 100) are secured viaproof-of-stake and the rest remain on proof-of-work. Buterin has notably been working on his implementationin parallel with ethereum developer Vlad Zamfir, "cross-pollinating" their ideas. According toKarl Floersch, blockchain engineer for ethereum startup ConsenSysand a coder working with Buterin on Casper's development, the result is that the network is choosing the more conservative of two potential paths forward. "What Vitalik has come up with is a get-it-out-the-door, working version, that works, but might be less theoretically revolutionary than Vlad's." Because Buterin's implementation of Casper can, he thinks, get to production faster, it will be used in the first stage of ethereum's evolution. If implemented, this would be the first time proof-of-stake would be employed on the live ethereum platform, albeit playing a minor role. It also would a largereal-world test of proof-of-stake, enabling the cryptocurrency community to determine whether the proof algorithm is asuperior one, as proponents have argued. To advocates, the goal of this potentially revolutionary change to proof-of-stake is to reduce the electricityethereum requires to reacha 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 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 >>

What Is Ethereum? - Coinbase

What Is Ethereum? - Coinbase

Ether is a digital currency used for operating smart contracts on the Ethereum network. Like Bitcoin, the Ethereum network and Ether tokens are not controlled or issued by any bank or government - instead it is an open network which is managed by its users. Ethereum has been deployed in different phases. Currently the Ethereum project is in the 2nd phase, called “Homestead”. The 4 planned phases for the growth of the Ethereum network are, in order: Frontier, Homestead, Metropolis, and Serenity. Ethereum Homestead clients are working smoothly after being in beta for several months without any major incidents. However, Ethereum is still an experimental technology. Since it allows for programs to run on a virtual machine, it’s still possible that some things may still go wrong, such as poorly written smart contracts that contain bugs. While Bitcoin allows you take part in a global financial network, using Ethereum you can participate in a global computational network. This is done by means of smart contracts, which are scripts of code that can be deployed in the Ethereum blockchain. Although smart contracts are still a very new technology, they have a wide range of potential applications in many different areas, such as voting, global supply chains, medical records, the financial system, and possibly others that have yet to be discovered. The value of Ethereum is not tied or pegged to the value of any other currency. Similar to stocks or property, Ethereum's value is determined by buying and selling in the open market. The price of Ethereum changes in real time based on the number of people who want to buy or sell it at a given moment. Ethereum is traded for bitcoin, dollars, euros, yen, and other currencies in real time 24 hours a day. Depending on the demand for b 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 >>

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