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 >>
Ethereums Metropolis Could Be On Ropsten As Early As Monday
Ethereums Metropolis Could Be On Ropsten As Early As Monday Jordan Daniell September 16, 2017 7:04 AM The Ethereum ecosystem is getting ready to leave its humble Homestead and enter into a robust Metropolis. This third of four phased platform updates is an upgrade for Ethereum, opening the door for even greater adoption. Software updates have become a regular part of our lives in the digital age. Sometimes you have to click through a small tutorial and spend a few minutes downloading upgrades. Sometime you have to hard fork a blockchain, twice. Ethereums evolution into Metropolis is a case study into the multidisciplinary, dynamic inner workings of how the decentralized application platform functions. The Ethereum Foundation has been planning for this moment. Top level developers have been redoubling their efforts to develop the technologies and game theory schemes necessary to implement a highly tailored approach to reaching consensus that will shepherd the ecosystem into a new age. This is Ethereums next big step forward and the developers behind it have designed the transition to be as smooth as possible. There has been a lot of speculation about the timing of this release and what it will entail. Here are the facts. Ethereums Metropolis Update: What You Need To Know First, per the latest information from the Ethereum Foundation , when the Ethereum network reaches block number 1,700,000, the Byzantium hard fork will go live on Ethereums Ropsten testnet. This means the first iteration of Metropolis could be live as early as this Monday, September 18. The actual network upgrade to Metropolis proper is slated for early October 9, depending on how Ropsten testing goes. Metropolis is a significant upgrade for Ethereum and will be accomplished via two separate hard forks. Continue reading >>
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 >>
Ethereum Price And The Upcoming Metropolis Upgrade
Ethereum Price and the Upcoming Metropolis Upgrade Ethereum price , along with other cryptocurrencies, saw their price tumble as the month of September started. This article today will be about an important upcoming catalyst for Ethereum price: The metropolis upgrade and the upcoming Ethereum hard forks. How will Metropolis impact Ethereum price? To have a good understanding of the impact of Ethereums Metropolis upgrade on Ethereums price, a few technical concepts need to be covered before we provide our outlook. According to Investopedia , a hard fork is a change in the cryptocurrencys protocol to fix a security risk from previous versions of the software, to add new functionality, or reverse transactions. Since the hard fork is a permanent divergence from the previous version of the blockchain, nodes running the older version will be rejected by the new version. This creates a fork or a split in the blockchain where one group of nodes follows the new upgraded blockchain, while the second path follows the old path. Generally, shortly after the fork, the old chain realizes that their version of the blockchain is outdated and quickly upgrades to the latest version. A piece of data which is difficult (costly, time-consuming) to produce but easy for others to verify. Producing a proof of work can be a random process with low probability so that a lot of trial and error is requiredon averagebefore a valid proof of work is generated. Bitcoin wiki. A category of consensus algorithms for public blockchains, which Ethereums upcoming Casper algorithm is a part of. The blockchain keeps track of a set ofvalidators, and anyone who holds the blockchains base cryptocurrency (in Ethereums case, ether) can become a validator by sending a special type of transaction thatlocks up their 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?
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 >>
Ethereum Price Rises After The Metropolis Hard Fork
Ethereum Price Rises After The Metropolis Hard Fork After Bitcoin, Its Time For The Ethereum Craze To Blind Crypto Enthusiasts The worlds second largest cryptocurrency according to market capitalisation recently underwent a hard fork . Since the launch date of Ethereum, this is the fifth Fork which has caused an upsurge in the crypto currencys value by 6%. Termed as Byzantium, this hard fork was locked in at a block size of 4,370,000. Just as news regarding the successful implementation of Byzantium started spreading like wildfire, the price level of Ethereum jumped up to $351.67. Ethereums price has already increased by 12.81% in the last one week. This positive impetus moved in smooth sync with fellow cryptocurrency Bitcoin which has been creating new all-time highs. Matt Newton, a market analyst working for eToro stated, Long-term its hard not be excited as were still in the very early stages of what digital services savvy tech start-ups can create. With so many startups rushing to create decentralized applications, there will be strong demand for ether which will support the price. Iqbal Gandham, the managing director of eToro UK feels that, Bitcoin might soon follow Ethereums footsteps by developing smart contracts. Starting off with just $8.07 during the beginning of this year, Ethereum has come a long way to reach triple digit figures of current market price $329 as on the date of publishing this article.. This signifies a 1.06% hike since the days start. Growing accessibility of cryptocurrency along with increased adoption of Blockchain technology amongst masses provided positive impetus to Ethereums price rise. Nasdaqs Sweden branch is presently offering two ETNs (Exchange Traded Notes) which can track the daily price movements of Ethereum. The latest hard for Continue reading >>
Metropolis Today: The Shifting Plans For Ethereum's Next Big Upgrade - Coindesk
Metropolis Today: The Shifting Plans for Ethereum's Next Big Upgrade These are just some of the benefits Metropolis, the next upgrade to the ethereum blockchain , promises to introduce when it's finally unveiled. Long the subject of curiosity and debate, the third phase in a four-step roadmap first unveiled in 2015 stands to enact perhaps the platform's most substantial changes. But far from just a boon for the nascent technology, there is real risk in the rollout. "Ethereum isn't safe or scalable. It is immature experimental tech," ethereum protocol developer Vlad Zamfir emphasized in a tweet earlier this year. If there's one upgrade that will lay this fact bare, Metropolis may be it. Because substantial changes to the platform put real money in danger, ethereum developers have been inclined to take their time, choosing to write off grumblings from users, entrepreneurs and a market that seems eager for the technology to make its next big advance. Hudson Jameson, the unofficial release manager for Metropolis, emphasised that the devs "always err on the side of caution" a hesitancy which, although well advised, has lead to a string of delays. (A recent thread on r/ethereum, perhaps the biggest collection of the tech's enthusiasts globally even went so far as to question what exactly was the promised deadline to begin with to conflicting conclusions ). But timeline aside, there's actually been big changes to the plans. Metropolis, once conceived as the stage at which a user-friendly version of the technology would finally go live, has seen shifts that could change the final code rollout dramatically. While once thought to usher in an age of "abstraction" Vitalik Buterin referred to the concept in 2015 as "arguably its entire raison dtre" what may finally be published is 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 Price Still Frozen Ahead Of Metropolis Update
Ethereum Price Still Frozen Ahead of Metropolis Update The Byzantium update, the first phase of the Metropolis stage of Ethereum, will be live on the main net in less than six days. For now, the Ethereum market price is asleep, but there are predictions it may rise toward $400 again. Only a few more days are remaining for the Byzantium hard fork to run on the test network before the main network switches to the new rules. The fork already has a set date, activating on October 17 with a series of changes for mining and transactions. But the market price of Ethereum has stagnated as all eyes are on Bitcoin and the drama of an upcoming fork. ETH has grown less than 2% in the past week, hovering around $299. Trading volumes have dwindled from nearly $1 billion to $300 million in 24 hours. Ethereum receives support mostly from ICO demand, as fund raising is done in Ethereum. But as regulations are hitting the market, investors may be losing their appetite for token events. The Ethereum project has always been transparent about its technical innovation. But the news are highly specialized and in the cryptic lingo of the project- so there is less market hype to boost the price. One of the still raw ideas for the Ethereum network is a blockchain-based identity, an upcoming standard for the identity of a person or machine. The proposal is known as ERC-275 . "Identity is certainly one of the most [important] missing pieces in theBlockchainecosystem, and I think this standard can fulfill that," said Fabian Vogelsteller for ETHNews. The blockchain-based identity is a way to verify a customer once and not gather data each time verification is needed. The proposal, which is not yet added to the official update calendar for Ethereum, will be presented at the upcoming Ethereum London Continue reading >>
Metropolis Impact On Ethereum Price Steemcreated With Sketch.
We all have been waiting for Metropolis release. Good news, only few weeks are left until it's release. Expected date us September 24, although delays are always possible. Metropolis is going to be a huge upgrade on the networks. Most notable upgrades will be toward security, even against quantum computers hacking, better anonymity with zk-SNARKs and easier programming and smart contracts. Metropolis will bring Ethereum to masses, helping mass adoption and possibly boosting ether price. Homestead was previous major Ethereum upgrade. It was released on March 14th 2016. The release was very positive toward Ethereum price. 45 days before release Ether price was trading around $2.18. That was the start of the rally. On release day Ethereum was trading around $15.01, that represents 588% increase. After the release price started to correct, which is natural, buy the rumor, sell the news. Ethereum currently is trading at $390 per coin. That is just a few dollars below all time high. Since previous low price is already up 200%. It's impossible to predict what is going to happen in the future, but with the price action trading so close to all time high and excitement over new release. Breakout of previous high can lead to another leg higher. Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. This is not a financial advice. It should not be regarded as investment/trading advice. Downvoting a post can decrease pending rewards and make it less visible. Common reasons: Continue reading >>
The Metropolis Hard Fork And Whats In Store For Ethereum?
The month of September is an exciting month for anyone following Ethereum. The development team behind Ethereum is working hard towards a much anticipated upgrade known as Metropolis. The hard fork is poised to relieve a lot of stress on the Ethereum ecosystem, as well as, bring a little more convenient functionality for its users. Metropolis will be split into 2 core releases: Byzantium & Constantinople. The Byzantium release is scheduled to implement on the 4.3 millionth block or on September 22nd. Update:The Byzantium Hard Fork will hit the testnet on September 18th and is scheduled to go live on October 9th, 2017 ( not final ). Lets take a look at some of the planned upgrades being introduced in Byzantium. Foundations for ZK-SNARKs / Zero-Knowledge Proofs Byzantium will include the building blocks to implement zero-knowledge proofs or ZK-SNARKs in the future. The implementation of ZK-SNARKs will allow a higher-level of anonymity for the Ethereum ecosystem. To learn more about ZK-SNARKs, read the paper by Solidity founder, Christian Reitwiener: Account abstraction is another great feature planned for the upcoming fork. It will allow users to have more control over their private keys and the ability for contracts to pay the mining fees instead of having the sender always pay for the gas. Additionally, the account abstraction will reduce the risk of being hacked by quantum computing. The Solidity programming language is undergoing an upgrade to allow novice programmers to easily work with smart contracts. New functionality and an easier hands-on approach will encourage new programmers to begin building their applications and smart contracts. According to the development team, the difficulty time-bomb will be delayed By 18 Months ( source: core dev meeting ), this will Continue reading >>
Ethereum Hard Fork Byzantium Launches Without A Hitch, Ether Price Up
Ethereum Hard Fork Byzantium Launches Without A Hitch, Ether Price Up Ethereum completes its fifth hard fork, Byzantium, with a fraction of the fuss of Bitcoin. Ethereums (ETH) troubled but uncontentious Byzantium is officially here as the cryptocurrencys fifth hard fork. As creator Vitalik Buterin celebrated with other developers Sunday, Byzantium fought off last-minute bugs and calls for delays to have a stable issuance. Hard fork celebration! pic.twitter.com/mL1ZyJOYeA Vitalik Buterin (@VitalikButerin) October 16, 2017 The move was notable in its lack of contention, with no significant community arguments resulting from Byzantiums creation. Similarly, ETH prices remained relatively stable both before and after the forks execution, rising around $40 October 13 and maintaining new levels since. This takes ETH towards the upper end of its price spectrum, which this year saw all-time highs of around $410 and a July low of $146. Despite the frenetic growth of investment in Ethereum this year, Byzantium is part of a package of improvements to the protocol that has been in development since 2015. Known as Metropolis, its roadmap currently extends to an unknown date in 2018, when a further hard fork, Constantinople, will activate. Metropolis is a planned Ethereum development phase that includes two hard forks: Byzantium and Constantinople. Byzantium is occurring at block number 4.37mil. Constantinople does not currently have a release date, but is expected in 2018, a blog post from late last week confirms. Continue reading >>
Ethereum's 'metropolis' Upgrade Could Still Be Months Away - Coindesk
Ethereum's 'Metropolis' Upgrade Could Still Be Months Away Contrary to recent chatter, ethereum developershave yet to finalize an exact release date for their upcoming 'Metropolis' hard fork. However, a timeline towards the final testing stages wasannounced in an open meeting of the core development grouptoday.Arelease date was originally projected for around August or September, but that plan has effectively been pushed backdue to ongoing development. Metropolis is the third of four planned upgrade releases mapped out by the ethereum team. As previously reported by CoinDesk, Metropolis can perhaps be seen as a major stepping stone toward improving overall usability of the platform.The Metropolis hardfork when new software is rolled out that makes earlier versions incompatible with the network will be released in two phases, Byzantium and Constantinople. In today's meeting, the teamsuccessfully established full specifications forEthereum Improvement Protocols (EIP)'s.Developersare now ready to move onto the next stage, which will involve further trials of the fork on a test network. Depending on how that process plays out, a release date could be confirmed. The tests are due to begin between the end of this month and the start of September. A three-to-four week testing period is expected, meaning that the announce date for the fork could be releasedsome time around the last week of September or the first week of October if all goes according to plan, that is. The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . Have breaking news or a story tip to send to our journalists? Contact us at [email protected] . Continue reading >>
Why Hasn't Ethereum Price Increased After Metropolis?
Why Hasn't Ethereum Price Increased After Metropolis? Despite the successful implementation of an important upgrade to the Ethereum protocol, prices haven't budged. In fact, the price of Ether has now gone DOWN to the $300 level. In this video, I'll be discussing why that's the case. DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make. Recommended place to buy Bitcoin/Ethereum: COINBASE - Sign up here: www.coinbase.com/join/58977243c1604b62321378df Recommended Wallet: LEDGER NANO S - Available here: www.ledgerwallet.com/r/3c47 Camera: Nikon D5100 (old but affordable) Panama Hat No Voice by Audionautix is licensed under a Creative Commons Attribution License (creativecommons.org/licenses/by/4.0/) Awesome videos. I'm just entering the crypto space and your videos seem priceless. Got a new subscribes. Thank you First cryptocurrency what works like credit card easy and can use many places wins the future.. What will it be.... Race is on.. Guys start loading up on ethereum now...Its meeting a lot of resistance and will go bullish and pace up in 2018...I see it hit 1k easily... Vitalik has 400k ethuriams. He doesn't want to sell and crash the market. So he only sells when there are exciting changes happen. Because you are dealing with Asshole Bitcoin-fanboys who are Bitcoin Elites! I really like the vids of yours - but Louis: doesn't YODELING belong to 'my' country SWITZERLAND??! ;-) - Or are they actually yodeling in beautiful CYMRU (Wales) somewhere too?? (Aberystwyth? Ystradgynlais?? Bangor??? Caerdydd maybe?...) LOL. ;-) Diolch yn fawr for more infos on yodeling in Cymru/Wales! I use to actually respect what this guy said, but now its laughable joke. Louis says he invested his Continue reading >>
Ethereum Price Surpasses $340 For The First Time Since August
Ethereum Price Surpasses $340 for the First Time since August Join our community of 10 000 traders on Hacked.com for just $39 per month. Earlier today, on October 13, the price of Ether, the native cryptocurrency of Ethereum, surpassed the $340 mark for the first time since August 31. In August, Cryptocoinsnews reported the price of Ether was moving closer to the $400 region, with upward momentum supported by optimism around the South Korean and Chinese cryptocurrency markets. But, upon the Chinese governments nationwide ban on initial coin offerings (ICOs) and cryptocurrency trading, the price of Ether along with other cryptocurrencies such as Bitcoin, Litecoin, and Bitcoin Cash plunged. Since then, the majority of cryptocurrencies have recovered in value. Particularly, Bitcoin and Ethereum have fully recovered from the exit of the Chinese cryptocurrency market, as the Bitcoin price achieved an all-time high at $5,920, while the price of Ether surged from around $250 to $340. Major Factors of Ethereum Price Surge, Short-Term Price Trend The recent surge in the price of Ether has likely been triggered by increasing developer activity around the Ethereum network and the introduction of innovative solutions such as Ethereum co-founder Vitalik Buterins Plasma and the Metropolis hard fork. Through the usage of unique and practical cryptographic systems such as ZK-SNARKs, the cryptographic system employed by leading anonymous cryptocurrency Zcash, the Ethereum Foundation and the open-source Ethereum development community have developed scaling and privacy solutions to provide an improved infrastructure for developers, users, and decentralized applications. Contrary to Bitcoin, historically, hard forks in Ethereum have had a positive impact on the price of Ether, primarily b Continue reading >>