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When Did Ethereum Fork

Etherzero - A Revolutionary Ethereum Hard Fork, Forking On 19th Jan 2018

Etherzero - A Revolutionary Ethereum Hard Fork, Forking On 19th Jan 2018

EtherZero - A Revolutionary Ethereum Hard Fork, Forking on 19th Jan 2018 Also a Ethereum hard fork, what difference would EtherZero make? Also a Ethereum hard fork, what difference would EtherZero make? Although there are many bitcoin fork outside, there are only few Ethereum fork on the way. The two already announced Ethereum fork had some trouble with its fork height and changes several time, which lead to a result that many trade platform trust has been lost. However, this time, a new Ethereum hard fork, EtherZero, wish to change the current situation , it may become the most successful Ethereum hard fork that the history has ever had. So now lets find out together what the EtherZero really is and what on earth outstanding charateristics they have: Allocation: Total supply is about 116 million ETZ Reserve 20 million ETZ for subsequent development Newly increased: about 6 million ETZ per year (about 5% inflation and declining year by year) Currently EtherZero team is made up by 20 people, these people are from different country, also we are cooperating with many famous DAPP development workshops from India and East Europe, most of our team member are professional DAPP developers, although we are not famous for now, the techniques are no questioning here. 0 TX fee, meet any requirement of DAPP s development, arrangement and operation; Payment instantly, is suitable for more trade scene; Two layer network system high scalability, Allow DAPP to be used by mainstream people. You may be curious about the masternode sytem, here is a more specific explanation of it: Our idea is to improve and stabilize the market value of ETZ, and we are trying to get ETZ's market value at 10% of the Ethereum in the short term. The masternode can benefit more cash users. We expect the initi Continue reading >>

Ethereum Classic [etc] Hard Fork Defuses Difficulty Bomb

Ethereum Classic [etc] Hard Fork Defuses Difficulty Bomb

The difficulty bomb that has been on the minds of all Ethereum Classic users has finally been put to rest after the implementationof a new policy that has been two years in the making. After a disagreement over how to handle the funds lost in the hack on Ethereums smart-contract funding project, the DAO, the Ethereum network forked into two separate versions, with most of the developers going with the version of the blockchain that agreed to rewrite history and return the lost funds. Ethereum Classic supporters felt that the chain should never be altered, and continued the original Ethereum protocol while the project now called Ethereum switched to Proof of Stake to eliminate mining as a form of validating transactions. A feature was implemented in the chain prior to the fork to reduce mining rewards and incentivize developers to switch to PoS but Ethereum Classic developers have no plans to do so, citing their support of PoW as the most decentralized form of validation. The difficulty bomb feature would have rendered mining unprofitable, and with no incentive to mine new blocks, the network would have collapsed entirely. Block 6,100,000 was viewed as the last safe block to implement a change before it was too late. Ethereum Classic developers scheduled a hard forkto include the ECIP-1041 update on block 5,900,000 and yesterday announced the success of the fork , telling CoinDesk that most nodes had already upgraded before the fork took place. Nodes wishing to continue participating will have to upgrade to the new fork as well. Bomb Has Been Diffused Ethereum Classic (@eth_classic) May 29, 2018 As the fork has been a long time coming it was expected and did not create any noticeable instability or price fluctuation in the Ethereum Classic currency. The image below take Continue reading >>

Ethereum Classic - Wikipedia

Ethereum Classic - Wikipedia

Ethereum Classic is an open-source , public, blockchain -based distributed computing platform featuring smart contract (scripting) functionality. [1] [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 Classic also provides a value token called "classic ether", which can be transferred between participants, stored in a cryptocurrency wallet and is used to compensate participant nodes for computations performed. The classic ether token is traded on cryptocurrency exchanges under the ticker symbol ETC. Gas, an internal transaction pricing mechanism, is used to prevent spam on the network and allocate resources proportionally to the incentive offered by the request. [3] [4] [5] [6] The Ethereum platform has been forked into two versions: "Ethereum Classic" (ETC) and "Ethereum" (ETH). Prior to the fork, the token had been called Ethereum. After the fork, the new tokens kept the name Ethereum (ETH), and the old tokens were renamed Ethereum Classic" (ETC). Ethereum Classic appeared as a result of disagreement with the Ethereum Foundation regarding The DAO Hard Fork. It united members of the Ethereum community who rejected the hard fork on philosophical grounds. Users that owned ETH before the DAO hard fork (block 1920000 [7] ) owns an equal amount of ETC after the fork. Ethereum Classic passed a technical hard fork to adjust the internal prices for various opcodes of the Ethereum Virtual Machine (EVM) on October 25, 2016, similar to the hard fork committed by Ethereum a week previously. The purpose of the hard fork was a more rational distribution of payments for resource-intensive calculations, which led to the elimination of the favorable con Continue reading >>

The Dao, The Hack, The Soft Fork And The Hard Fork

The Dao, The Hack, The Soft Fork And The Hard Fork

The DAO, The Hack, The Soft Fork and The Hard Fork We'll try to briefly cover: how and why The DAO was created, how The DAO was exploited, how the soft fork failed miserably, and why everyone was relievedit did so, and how the hard fork lead to a split community and the creation of Ethereum Classic . Part 1 - The DAO - Venture fund evolution The Decentralized Autonomous Organization (known as The DAO)wasmeant to operate like a venture capital fund for the crypto anddecentralizedspace. The lack of a centralized authority reduced costs and in theory provides morecontroland accessto the investors. At the beginning of May 2016, a few members of theEthereum community announced the inception of The DAO , which was also known as Genesis DAO.It was built as a smart contracton the Ethereumblockchain. Thecodingframework was developed open sourceby the Slock.it team butitwas deployed under "The DAO" name by members of the Ethereum community. The DAO had a creation period during which anyone was allowed to send Ether to a special wallet address in exchange for DAO tokens on a 1-100 scale. The creation period was an unforeseen success as it managed to gather 12.7 Ether (worth around $150M at the time), making it thebiggest crowdfund ever. At some point, when Ether was trading at $20, the total Ether from The DAO was worth over $250 million. The DAO wasa complex Smart Contract with many featuresand it should have allowed companiesto make proposals for funding. Once a proposal waswhite-listedbyone of the curators , the DAO token holders (aka DAO investors)would then need to vote on the proposal. If the proposal got a 20% quorum the requested funds would bereleasedintothewhite-listedcontractor's wallet address.Theteam of curators that couldwhite-listaddresses was put in place in order Continue reading >>

Ethereum Classic Claims Successful Blockchain Fork

Ethereum Classic Claims Successful Blockchain Fork

Ethereum Classic Claims Successful Blockchain Fork May 30, 2018 at 01:45 UTC|UpdatedMay 30, 2018 at 02:01 UTC Ethereum classic has removed its so-called "difficulty bomb." Designed to increase the difficulty of mining its blockchain over time, the code was a feature of the original ethereum codebase (which later split into ethereum classic and ethereum) in 2016. The successful network upgrade took place at block 5,900,000 , according to available network data and statements from developers involved in the project. While it is difficult to account for exact percentages in terms of how many nodes updated their software (owing to a lack of available tools), developers involved with the project told CoinDesk that most exchange nodes and mining pools reported updating their software well before the fork. There was no indication of any ill effects or bugs in the hours immediately after the fork. The upgrade is expected to reduce the amount of time it takes to create a block. As such, the upgrade puts both technical and ideological distance between the ethereum classic and ethereum blockchains. While the ethereum community remains committed to transitioning to a proof-of-stake consensus system, the ethereum classic community has elected to continue using proof-of-work, as its members contend that, of the various ways to achieve consensus over block validation, it resists centralization best. More specifically, advocates argue thatproof-of-work systems require their validators (miners) to continuously invest in hardware and therefore in the blockchain. Deliberation on the fork started as early as 2016, and due to the extensive discussions, the upgrade was not expected to be controversial or complicated. The leader in blockchain news, CoinDesk is a media outlet that strives for Continue reading >>

Ethereum Hard Fork. Whats Going Tohappen?

Ethereum Hard Fork. Whats Going Tohappen?

Developing Blockchain & Smart Contracts PoC and MVP for ICO startups and established companies Ethereum Hard Fork. Whats Going ToHappen? Recently I have received many questions about the Ethereum hard fork: what will happen with all the ERC20 tokens, which basically are smart contracts deployed to Ethereum. Therefore, I decided to perform a quick research and cover this topic as we are getting closer to Metropolis update, everyone should be informed and understand what will happen. Blockchain miners run the software to maintain the network, confirm transactions and earn mining fees. The software is being maintained and developed by the Network core developers and community. The main incentive for miners is profit, however, developers are seeking fast and effective network. This incentive mismatch is hard to align. Miners select which software to run. Therefore, we have issues when developers propose solutions which reduce mining profits and part of the miners disagree with changes. At a certain time, we have a fork, where half of the miners run one piece of software and other half operate with another software. This leads us to having two separate chains from a certain block and this results in having a chain split. Source: The bitcoin has experienced a hard fork and a chain split lately. That lead to Bitcoin and Bitcoin Cash. The chain split occurred because the miners have been divided into two parts and one side did not want to use the new proposed software. The result is that both networks are being maintained by miners. From a bitcoin owner perspective, your coins are available on both chains and you can start interacting with both networks. The Bitcoin chain split resulted in having the new cryptocurrency with a third size market cap. Due to high load on the netw Continue reading >>

Guide To Ethereum Hard Forks: Ethereum Classic, Etherzero & Metropolis

Guide To Ethereum Hard Forks: Ethereum Classic, Etherzero & Metropolis

Guide to Ethereum Hard Forks: Ethereum Classic, Etherzero & Metropolis For(k) Eth By Aziz, Founder of Master the Crypto No responses Home Ethereum Guide to Ethereum Hard Forks: Ethereum Classic, Etherzero & Metropolis This guide to Ethereum hard forks will take an in-depth look at the different forks of Ethereum that includes Ethereum Classic, Etherzero & Metropolis. Ethereum is widely considered to be one of the most prominent cryptocurrency around. It was created to overcome the limitations of Bitcoin and push the boundaries of blockchain technology. Unlike Bitcoin, Ethereum allows anyone to develop any kind of applications on top of its blockchain. Prior to this, anyone that wanted to create a blockchain-based application had to create their own blockchain from scratch. But with Ethereum, developers could leverage off the Ethereum infrastructure to create any application imaginable. The native currency for the Ethereum blockchain is called Ether (ETH), while the cost of computation is denoted in Gas. For a detailed understanding of the concept of Ether and Gas, do look at Guide to Ethereum: What is Gas, Gas Limit and Gas Price? Lets explore the different major hard forks of the Ethereum blockchain. If youre not familiar with forks, here is a beginners Guide to Forks: Everything You Need to Know About Forks, Hard Fork and Soft Fork before you move on further. Guide to Ethereum Hard Forks: Ethereum Classic, Etherzero & MetropolisPowered by Master The Crypto Guide to Ethereum Hard Forks: Ethereum Classic, Etherzero & MetropolisPowered by Master The Crypto Ethereum Classic is the first hard fork of the original Ethereum blockchain, and it was a contentious hard fork 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 >>

Ethereum Just Had A Hard Fork And Ether Prices Are Rising - Here's What Happened And Why

Ethereum Just Had A Hard Fork And Ether Prices Are Rising - Here's What Happened And Why

Ethereum just had a hard fork and ether prices are rising - here's what happened and why I am a journalist for City A.M. reporting on the Industrials sector, including oil and gas, mining, defence, energy and utilities. I also write about the Pharmaceuticals sector. What's a hard fork and why did it happen? (Source: Getty) Early this morning, the second-largest cryptocurrency by market capitalisation completed a so-called hard fork. Even if investors were paying attention to bitcoin back in August when it was rocked by its very own hard fork , questions are likely emerging about what all of this means for ethereum and its ether token. Will a new token be created? Will the price rocket or tank? Here are all your questions answered. Read more: As bitcoin surges, Coutts warns of a "gold rush" Unlike bitcoin, which was specifically created as a decentralised means of payment and an alternative to fiat currencies, ether is the token that fuels the ethereum blockchain, and it is technically not a medium of exchange, according to Matt Newton, market analyst at eToro. While bitcoin disrupts payment services and online banking, ethereum aims to be a "world computer" that uses a blockchain to replace internet third parties, which store data in clouds and servers. Read more: Bitcoin explained: What is it? Why did its price rise? What's next? Once you break through the industry jargon, the move is essentially a software upgrade to improve the speed and security of the ethereum blockchain. Iqbal Gandham, managing director at eToro UK, likened the ethereum hard fork to a Microsoft software upgrade implemented to make a series of changes to the platform. The upgrade was first called Metropolis when it was introduced back in 2015. After some delays it was broken into two parts - Byzan Continue reading >>

An Ethereum Classic Fork Snapshot Is Coming Next Week

An Ethereum Classic Fork Snapshot Is Coming Next Week

An Ethereum Classic Fork Snapshot Is Coming Next Week Next week the ethereum classic (ETC) community is expecting to receive coins from a snapshot fork called callisto (CLO). The clone will be an exact copy of the ETC chain up until block 5,500,000 and ETC holders will receive a 1:1 ratio of CLO coins. Also Read: China Censors Cryptocurrency Ads on Search Engines and Social Media The First High Profile Hard Fork Is About to Get Forked The funny thing about ethereum classic is that it was one of the first high profile blockchain splits and ethereum (ETH) holders received a 1:1 ratio of ETC after the hard fork at block 1,920,000. The fork was caused by members of the Ethereum community because they rejected the idea to bail out the DAO , an ETH application that lost $150Mn that year. Some individuals firmly believe that ETC is the one true Ethereum network. Callisto, however, is not quite like the ETC hard fork as its a snapshot much like bitcoin gold, bitcoin diamond, and the other clones that appeared over the past year. Callisto Developers Believe CLO Will Have Better Smart Contract Security Essentially CLO coins will share the same history as the existing ETC chain but from block 5,500,000 and forward the network will be its own. The cloning is expected to happen next week sometime on or after March 2. The reason behind the snapshot is because CLO developers believe there are issues regarding ETCs smart contract design. According to the CLO white paper ETC is susceptible to smart contract hacks much like the DAO platform. The CLO developers plan to create a Official Smart-contract Auditing Department of CLO & ETC, so one could assume the snapshot may be considered an extension of the ETC community. The main goal of callisto is to research and develop a reference impl Continue reading >>

What Happened With Ethereum $eth And Ethereum Classic$etc?

What Happened With Ethereum $eth And Ethereum Classic$etc?

What happened with Ethereum $ETH and Ethereum Classic$ETC? Before you read my post, you might want to read Stick a Fork in Ethereum. As you are probably aware since youre reading this post, there was a hard fork last week. The Hard Fork bailed out the DAO, basically it changed the DAO contract code into another contract where the only available option was to withdraw the funds. So if you had DAO, you send it to the contract and the contract makes sure it sends your ETH back. What exactly happened with the Hard Fork and why all the drama since yesterday? A few days before the Hard Fork, there was an announcement that some people wanted to stay on the original Ethereum chain, they didnt want the bailout Hard Fork and they called themselves Ethereum Classic. The Ethereum community and the Ethereum developers claimed that the majority would support the fork. However when we look at the actual data, its not that clear. It also shows how much influence 1 voter had in the entire process. And dont get me started on the way that the Ethereum developers, Vitalik included, were pushing the community to accept the Hard Fork. He and his friends had money in it, no way for him to be objective about it. Minutes after the Hard Fork, the Pro-forkers declared victory. It was a succesful fork according to them. The majority of the hashrate went to the Pro-Fork chain, a small amount stayed on the original Ethereum Classic chain. The Ethereum $ETH chain transition at that point went quite smooth, $ETC had more difficulty with it. They started mining with the same difficulty as ETH while only have a fraction of its hashing power. Blocks came in very slow but the more blocks that came in, the faster the difficulty went down and after a day the Ethereum Classic blockchain started to run quite Continue reading >>

Ethereum Community Considers Hard Fork To Combat Bitmains Asic Miner

Ethereum Community Considers Hard Fork To Combat Bitmains Asic Miner

Ethereum Community Considers Hard Fork To Combat Bitmains ASIC Miner Share on Facebook Share on Twitter Share on Telegram Share on LinkedIn The battle of hardware vs. software has broken out in the world of cryptocurrencies. Just after Bitmain announced the release of an ASIC miner for an ASIC-Proof Ethereum , the Ethereum community proposed a hard fork to limit the ASICs effectiveness. Ethereum is currently the premier altcoin and one of the first blockchains to enable smart contracts. A robust architecture, robust developer community, along with strong institutional support have made Ethereum a leading cryptocurrency. However, when a story was leaked announcing that Bitmain was manufacturing an ASIC designed exclusively for ETHASH (Ethereums consensus algorithm) the reaction was evident. Yesterday, The rumors were confirmed by Bitmain: We are pleased to announce the Antminer E3, world's most powerful and efficient EtHash ASIC miner. Ordering limit of one miner per user and not available in China. Bitmain seems to care little about the philosophy behind Ethereum and appears to value profits at the expense of the security of the network. This attitude has not meshed well with the developers. Many leaders in the cryptocurrency space are finding ways to avoid the effects of centralization stemming from ASICs and large-scale mining. Related Story: Bitmains Rumored F3 Miner Potentially Disruptive to Ethereum The first ones to combat large-scale mining were the developers of Monero and Siacoin who announced a series of hard forks to make mining impossible with the ASICS advertised by Bitmain. The Ethereum community is taking a similar approach. The community is considering forking Ethereum to make it ASIC-proof even though there is a significant change planned for this year Continue reading >>

The Ethereum Hard Fork: Everything You Need To Know Quartz

The Ethereum Hard Fork: Everything You Need To Know Quartz

Ethereum burst onto the virtual currency scene almost a year ago. Its similar to bitcoin, but with a key difference. In addition to supporting its own digital currency, ether, it also supports smart contracts, agreements written in computer code that execute automatically when conditions are met. Though it garnered significant attention from the start, Ethereums biggest moment came in April 2016, with a radical experiment called the Distributed Autonomous Organization, or the DAO. Created by German blockchain startup Slock.it, the DAO had an ambitious goalto build a humanless venture capital firm that would allow the investors to make all the decisions through smart contracts. There would be no leaders, no authorities. Only rules coded by humans, and executed by computer protocols. Launched on April 30th, it took off like a runaway train. By May 21, it had raised $150 million from roughly 11,000 investors, in whats considered the biggest crowdfunding effort in history. For Ethereum, the backbone of the project, it was a major vote of confidence in its nascent technology. On June 17th, someone started siphoning money out of the DAO. People were watching in real time as the money was stolenlike a live video feed of a bank robbery. By the end, the hacker, who has said that he was simply taking advantage of a technical loophole in the DAO, had amassed $50 million in ether, based on current exchange rates. While the core developers who designed and run Ethereum didnt really have anything to do with the DAO, they were left to deal with the mess. The seven of them, led by Vitalik Buterin, decided to hack the hacker . They managed to stop the theft and move the funds into another smart contract where they currently sit. But thats only a temporary stopgap: the way the code of D Continue reading >>

Bitcoin & Ethereum Forks: What They Are & Why They Matter

Bitcoin & Ethereum Forks: What They Are & Why They Matter

Bitcoin & Ethereum Forks: What They Are & Why They Matter Cryptocurrency forks have a tremendous impact on the trajectory of crypto finance investments, but many investors without computer development experience struggle to understand the technical jargon. This is why Strategic Coin has set out to provide sophisticated investors with the educational resources and research they need to take advantage of market opportunities as they arise. Below, this article explains what forks are and what role they play in cryptocurrency and blockchain development: In software development, it is common for a developer to make a copy of a projects source code and begin independent development. This is known as a fork. Forks occur for several reasons within the cryptocurrency ecosystem. Occasionally, they stem from disagreements within a community about the future of the project and result in permanent network splits. However, forks are also a component of regular software upgrade and development. Following a fork, different versions of the software may or may not be compatible. If the fork is compatible with older versions of the software, it is considered a soft fork. Because they maximize user compatibility, most cryptocurrency developers try to deploy protocol upgrades via soft forks whenever possible. If the new version of the software is no longer compatible with older versions, the upgrade is considered a hard fork. This means that people using different software versions will not be able to transact with one another, as the original blockchain has essentially split into two different networks. Most altcoins are technically hard forks of Bitcoin since they are based on the Bitcoin codebase but are not compatible with the Bitcoin network. However, there have been several notable o Continue reading >>

Etherzero: What Do We Know About The New Ethereum Fork

Etherzero: What Do We Know About The New Ethereum Fork

EtherZero: What Do We Know about the New Ethereum Fork Multiple forks of Bitcoin blockchain created over last years has made it popular among the cryptocurrency community. The same trend is now happening with the second most popular network, Ethereum. According to a team of anonymous developers (who only have their names listed in the white paper), the EtherZero fork occurred on January 19, 2018, at block 4936270. However, there isnt much information available about this project. The article attempts to understand the issue by collecting all the information available till date. For the first time, the EtherZero project became known at the end of December 2017, and as it was reported then, it is a new generation of a platform for developing smart contracts created by a group of professional developers of decentralized standalone applications (DAPP). Among the main features of EtherZero are a two-level network system using the Dash master node architecture, a system of offline community management, zero commissions, instant transfers and, finally, high scalability. At the same time, nothing is said about the EtherZero hard fork on the official Ethereum website: ethereum.org, no comments are given by the network developers either. Interesting, that in the early January the post appeared in the project thread on Bitcointalk : due to the lack of support from the community and large trading platforms, the project launch is canceled. After some time this message was deleted, but the evidence of it has been preserved on the network. The project devteam says that Ethereum users will receive about 116 million ETZ tokens, where 1 ETZ is equal to one ETH. They have also set an ambitious goal to pick off 10% of Ethereum capitalization ($ 102 billion as on January 21, 2018). Also, t Continue reading >>

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