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 >>
Homestead Gives Ethereum An Edge To Redefine Blockchain
Homestead Gives Ethereum An Edge to Redefine Blockchain Homestead, Ethereum’s second release, has moved the cryptocurrency beyond Beta. Experts told Cointelegraph that as a result it has improved its overall performance and encouraged more adoption by exchanges and developers. Homestead , Ethereum’s second release, has moved the cryptocurrency beyond Beta. Experts told Cointelegraph that as a result it has improved its overall performance and encouraged more adoption by exchanges and developers. Ethereum has shown a pronounced growth within the world of Crypto. The first release of Ethereum named Frontier proved to become a formidable player within the industry, The release of Homestead has resulted in some significant shake-up. As we continue to explore this new release by Ethereum, we believe it is important to really understand what exactly Homestead presents. Jani Valjavec of Cashila describes Homestead as being basically Ethereum's 2nd release (out of 4), the first one being the Frontier . According to Valjavec, the Frontier was still in Beta but with Homestead, the Beta badge will fall off. He also acknowledged that a few improvements have been made in the code to make everything run smoother. “Probably they will announce lower recommended confirmations for transactions. This is huge!" "But over all, in comparison, Bitcoin can't even increase block-size, while those guys are doing amazing jobs at bullet train speed. No wonder market cap reached 1B lately, and 1/6th of Bitcoin, something no other cryptocurrency has done.” He says. He summarised the developments in Euthereum’s Homestead as follows; its out of beta with some other improvements. development is happening without civil war (like in bitcoin). blocksize is getting adjustable (which means bl Continue reading >>
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 - 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.  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.  "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.   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.  The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale.  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).    Ethereum was initially described in a white paper by Vitalik Buterin ,  a programmer involved with Bitcoin Magazine , in late 2013 with a goal of buildin Continue reading >>
What Is Olympic, Frontier, Morden, Homestead And Ropsten Ethereum Blockchain?
I am studying Ethereum and have not been able to figure out the difference between Homestead and Morden. In some docs, it is written that Homestead uses a new algorithm which takes less time. I don't understand this. Is Morden for testing and Homestead for production? migrated from stackoverflow.com Nov 26 '16 at 19:37 This question came from our site for professional and enthusiast programmers. Each network version gets a name (id). Here is an overview. (0) is also regularly referred to as Ethereum 0.9; it launched early 2015 and was the first public Testnet. Deprecated in mid 2015 and replaced by Morden. (1) the official 1.0 release was launched as public main network in the summer of 2015. Forked to Homestead in early 2016. (2) was the Frontier-equivalent testnet; it launched with Frontier and basically replaced Olympic. Deprecated in late 2016 and replaced by Ropsten. Homestead (1) was the first major upgrade (1.1) of the Frontier network in March 2016. It did not replace Frontier but upgraded it. Ropsten (3) is a new Homestead-equivalent testnet launched in late 2016 due to multiple issues in the old testnet; it finally replaced Morden. Ropsten was attacked in February 2016 Kovan (42) is the first proof-of-authority (PoA) testnet issued by Ethcore, Melonport, and Digix after the Ropsten attacks. Rinkeby, another PoA testnet is currently being drafted. The current protocol version is Homestead. The Ropsten testnet is broken and there is no public Homestead equivalent testnet available. Despite the differences in name, Olympic, Morden and Ropsten have the network ids 0, 2 and 3. Frontier, Homestead are the main network with id 1. You can run your own chain by specifying a network id other than 0, 1, 2, or 3. Metropolis will be the 1.2 release and come probably in th Continue reading >>
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 >>
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 >>
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 >>