CryptoCoinsInfoClub.com

When Is Ethereum Metropolis

Ethereum Metropolis Cryptomedication Medium

Ethereum Metropolis Cryptomedication Medium

#DYOR Ph.D in Googling Shit Up |Telegram - | | Journalist for @btc_manager | Not a Financial Advisor Interested in access more free crypto analysis, resources and information like this? Check out these platforms: Twitter www.twitter.com/cryptomedicated This is actually a planned hard fork, unlike the others that have been discussed within this article. For those that are unfamiliar with Ethereums Metropolis update/innovation, it is actually the name of this phase of development for the network that focuses more on the scalability of the coin than anything else. There are four stages in total for the Ethereum network that were planned from the very beginning. With the Metropolis network, there are a number of features associated with its implementation: The proposed features of the network are asfollows: Zk-Snarks This refers to the feature that individuals have seen in coins like ZClassic which allow for greater privacy in transactions between users. PoS This refers to Proof of Stake, which is a consensus algorithm. In Bitcoin, miners on the network all race to solve an algorithm in order to create the next block. Based on ones speed in these calculations, they are allowed to create the block. The computer processing power that is necessitated in order to mine the next block is what qualifies as the Proof of Work. Conversely, Proof of Stake, relies on individuals in the community being selected to approve the block based on their stake or holding of that particular cryptocurrency at that given point in time. There are many different Proof of Stake formulas that are available at present, but all are contingent upon that fundamental precept. Smart Contract Upgrades Smart Contracts refer to the escrow-like protections that blockchains can grant users that seek to make agr Continue reading >>

First Ethereum Metropolis Hard Fork Rolled Out

First Ethereum Metropolis Hard Fork Rolled Out

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

A Simple Guide To The Ethereum Metropolis Upgrade

A Simple Guide To The Ethereum Metropolis Upgrade

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

Will The Ethereum Metropolis Hard Fork Result In Another New Currency?

Will The Ethereum Metropolis Hard Fork Result In Another New Currency?

The topic of a hard fork in any cryptocurrency ecosystem is always met with a bit of criticism and confusion. Ever since the Ethereum hard forked to solve The DAO issue, there have been two currencies. When Metropolis is released, Ethereum will see another hard fork. This should not lead to a third iteration of Ethereum being created per se, although there is always a small possibility. METROPOLIS HARD FORK SHOULD NOT WARRANT NEW CURRENCY A lot of people are seemingly confused as to why Ethereum and Ethereum Classic came to be two different currencies. That is rather simple to explain, though. The Ethereum ecosystem has seen a total of five different hard forks so far. While that number is quite high, all of these interventions were needed, in the minds of the developers. One of these hard forks was created to solve The DAOs stolen funds issue, which did not sit well with everyone in the community. As a result of that hard fork, not all of the miners switched over to the blockchain supporting this fork. Instead, a small percentage of sash power kept mining the blockchain that existed before this fork was introduced, resulting in new coins being created on that chain. Since they could not be called ether coins, they rebranded the chain to Ethereum Classic. The new currency on that chain is known as ETC, and can be traded across many different exchanges around the world. Some people are growing concerned the upcoming Metropolis hard fork could result in yet another Ethereum currency being created. While that is certainly possible on paper, it seems highly unlikely in reality. The reason why Ethereum Classic exists is due to a difference in ideology regarding The DAO bailout. Some people felt it was wrong to do this, and they branched off from the Ethereum network. That d Continue reading >>

Metropolis / Byzantium Hardfork On Ethereumthis Is What You Need Toknow

Metropolis / Byzantium Hardfork On Ethereumthis Is What You Need Toknow

Metropolis / Byzantium Hardfork on Ethereum this is what you need toknow What are the key things you should consider with the upcoming metropolis hard fork? My name is Julian, Im one of the co-founders of TenX. The reason Im making this video here on Ethereum and the upcoming Metropolis hardfork is TenX is a PAY token, as an ERC20 token running on top of Ethereum. Hence, anything that happens to the underlying computer will affect us as well. This is what I will address first: What exactly is the Metropolis update? Let me use an analogy. Let Ethereum be a computer. At the moment, the operating system (OS) is Homestead. This is similar to iOS 10 on the iPhone. It will soon be upgraded to Metropolis, which includes many updates, which I will go into soon. First of all, when Ethereum implemented all of these things, they realised that certain aspects of it was challenging. Hence, this update was split into two parts, Byzantium and Constantinople. The key updates, those that are extremely relevant to TenX, are included in Constantinople. Byzantium has upgrades that are targeted at developers, in particular improvements to the smart contract. This update also includes something called zero-knowledge snarks (zk-snarks). This is an advancement in privacy, which has been tested for quite a while on the testnet, and has finally been included in the mainnet with this update. Next, Byzantium also includes an 18 month delay of the difficulty bomb. This is relevant because it ensures that the mining difficulty of Ethereum remains at a reasonable pace instead of increasing exponentially. One of the key things that we at TenX would have like to have been implemented is known as the Casper protocol. This is a contract that allows parties to stake their Ether to facilitate the consensu 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 >>

First Of Two Ethereum Metropolis Hard Forks Takes Place Tomorrow

First Of Two Ethereum Metropolis Hard Forks Takes Place Tomorrow

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

Ethereums Metropolis Update Will Occur Through Two Separate Hard Forks

Ethereums Metropolis Update Will Occur Through Two Separate Hard Forks

Ethereums developers have provided the world with a little bit more information regarding the upcoming Metropolis hard fork. As noted earlier, this hard fork will go into effect at the end of September of this yearand introduce a lot of changes to the ecosystem. As it turns out, there will be two separate hard forks making up the Metropolis changes. The two forks will be known as Byzantiumand Constantinople respectively. Both hard forks will gradually introduce big changes to the greater Ethereum ecosystem. Although the Ethereum ecosystem is no stranger to hard forks, it seems the developers are leaning toward introducing fewer changes per fork in the future. Considering how the Metropolis development update will shake things up quite a bit, a gradual roll-out of changes and opportunities is indeed a better approach. After all, the developers want to ensure all of their changes work properly before they are introduced to the public. If that means pushing some elements back a few months for optimization purposes, so be it. Constantinople and Byzantium are the two upcoming development changes to look forward to, as both hard forks are part of the major Metropolis update. The first part of Metropolis will be the Byzantium hard fork which will go into effect as planned bythe end of September. The team is still benchmarking the new gas costs, and results should be in within the next two weeks. Once these benchmarks are complete and the network clients integrate the Byzantium EIPs accordingly, the hard fork will be launched onto the Ropsten testnet for two to four weeks. This will give the Ethereum developers some time to collect additional feedback and fix any lingering bugs or issues that may have slipped through. Accessing this testnet release couldbe a bit difficult. The Continue reading >>

The First Half Of Ethereum Metropolis Hard Fork Goes Live

The First Half Of Ethereum Metropolis Hard Fork Goes Live

The First Half of Ethereum Metropolis Hard Fork Goes Live Byzantium, the first half of the Metropolis hard fork development upgrade on the Ethereum network, has gone live. The announcement of the action was posted by Ethereum founder via Twitter: Byzantium went live on Ropsten yesterday. And it just verified a zk-snark proof. Vitalik Buterin (@VitalikButerin) September 19, 2017 According to the Ethereum developers team, the Metropolis hard fork is due to occur late September. In the same post, Buterin notes that Byzantium verified its first zk-snark proof. The statement indicates that the potential for zero-knowledge proofs is real. Zero-knowledge cryptography is used as a method for verifying a ledger entry without revealing the identity of any parties. The zk-snark proof has been identified as the only truly anonymous transaction, built on the principle promoted bythe altcoin ZCash. As Byzantium is released, it will provide a more robust and scalable framework for increased Ethereum throughput. The need for the upgrade has become more and more evident as large-scale corporations like Microsoft and Intel are developing applications built on the protocol. The upgrade comes just days before the firstblock time increase to 30 seconds, previously scheduled for approximately Sept. 22 (the beginning of what is called the Ethereum Ice Age). The second half of the Metropolis upgrade, nicknamed Constantinople, is still pending. 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 - 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 >>

Big Changes To Come For Ethereum: Metropolis Release

Big Changes To Come For Ethereum: Metropolis Release

Metropolis was first announce way back in February when Ethereum released their roadmap for 2017, and Ill be honest, after the multiple delays I didnt let myself get too excited for it, but now it seems Ethereum is nearly ready for their next hard fork update. For those of you who are new to crypto and youre not quite sure why they would plan a hard fork, let me explain what the Metropolis update has in store for Ethereum and what affect it can have on its future. Metropolis is the third of four of Ethereums major updates, the first was called Frontier, we are currently in the Homestead release, next is Metropolis and the last is Serenity. These are updates that have been planned from the beginning as a way to continue growth and improvement of Ethereum. So this new release called Metropolis will come in two waves, the first titled Byzantium, and the second is Constantinople . Heres what you can expect with the first phase of Metropolis, the Byzantium phase: Increased security for lite client wallets, zkSNARKS will bring improvements to transaction privacy through anonymity. Now the big change that metropolis is set to unveil is the change from proof of work consensus to proof of stake consensus. We can expect this change to occur during the Constantinople release. In order to ensure that this hardfork will not result in yet another chain split, they are going to implement a difficulty bomb . This will effectively make it increasingly difficult to mine ethereum, thus forcing the switch. For those who wish that Ethereum would remain using proof-of-work consensus, let me take this time to remind you that there is still Ethereum Classic . Although Id love to give you an exact date for when this will take place, the best I can do based on my research is that it will happen Continue reading >>

First Iteration Of Ethereum Metropolis Hard Fork To Appear Monday

First Iteration Of Ethereum Metropolis Hard Fork To Appear Monday

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

Ethereum Prepares For Metropolis Update, Postpones First Step

Ethereum Prepares For Metropolis Update, Postpones First Step

Ethereum Prepares for Metropolis Update, Postpones First Step In 2015 the Ethereum team released a four phase roadmap for the platforms full implementation. Two of the phases, named Frontier and Homestead, have been implemented. The third phase, Metropolis, is about to be released. This phase promises to be the most significant upgrade yet, and is designed to make Ethereum more secure, scalable, and easier to use by non-technical users. Metropolis implementation will require a hard-fork, which was initially due to take place in late September but has twice been postponed. It is now expected to take place on October 17th. Metropolis will be rolled out in two steps, named Byzantium and Constantinople. Byzantium entered the testing phase on September 19th, and a few minor issues notwithstanding, appears stable. The testing has included successfully confirming a zero knowledge proof, which is a fully anonymous transaction between two parties. This type of transaction is so secure, that theoretically it cannot even be hacked by quantum computing. The hard fork, which is part of Byzantium, has been delayed on the advice of Ethereum founder Vitalik Buterin to give miners more time to adopt it, and to enable more testing. Buterin has stated that Ethereum is not experiencing difficulty, and that no more postponements will take place. Once the fork begins block times will increase in steps from the current 23 seconds to 39, which will increase the difficulty for miners, giving them an incentive to move to the new blockchain. The Ethereum upgrades are enthusiastically welcomed by crypto advocates, and Ether prices increase each time a major announcement is made. The value is almost certain to increase substantially once Metropolis is fully implemented. Should the upgrades continu Continue reading >>

First Part Of Ethereums Metropolis Hard Fork To Hit Ropsten Testnet Next Week

First Part Of Ethereums Metropolis Hard Fork To Hit Ropsten Testnet Next Week

First Part of Ethereums Metropolis Hard Fork to Hit Ropsten Testnet Next Week First Part of Ethereums Metropolis Hard Fork to Hit Ropsten Testnet Next Week JP Buntinx September 18, 2017 Crypto , News A lot of big things will be happening in the Ethereum ecosystem over the next few months. The first part of the Ethereum Metropolis hard fork is scheduled to be launched in the near future. In fact, it appears the hard fork may arrive on the Ropsten testnet as early as next week. This seems to indicate the private testing of this scalability solution is going according to plan. The Ethereum community is quite interested in the upcoming Metropolis hard fork. As we mentioned before, there will be two parts to Metropolis, with the first part of these changes going through the final touch-ups and private testing as we speak. However, it seems things are going quite well in this regard, considering the developers hinted at how these changes may arrive on the Ropsten public testnet in the next week or so. Thismeans things are advancing nicely. These major software updates will pave the way for a better and improved Ethereum ecosystem as a whole. Solving some of the scalability issues is one of the main selling points of Metropolis, although that only represents a portionof the work put in by developers in recent months. Metropolis also includes a few Ethereum Improvement Proposals which will finally go into effect as well. Some of the more noteworthy changes include parallel transaction processing, fixing block rewards for uncle blocks, and delaying the difficulty bomb . This latteraspect is one of the main selling points of the Metropolis hard fork right now, as it indicates thatpeople will still be able to mine Ethereum for quite some time to come. However, the block reward wi Continue reading >>

Byzantium Hf Announcement

Byzantium Hf Announcement

The Ethereum network will be undergoing a planned hard fork atblock number 4.37mil (4,370,000), which will likely occur between 12:00 UTC and 13:00 UTC onMonday, October 16, 2017. The Ropsten test network underwent a hard fork on September 19th (UTC) at block number 1.7mil (1,700,000). A countdown timer can be seen at . Download the latest version of your Ethereum client: What if I am using a web or mobile Ethereum wallet like MyEtherWallet or Jaxx? Ethereum websites and mobile applications that allow you to store ether and/or make transactions are running their own Ethereum client infrastructure to facilitate their services. If you use a third-party web-based or mobile Ethereum wallet, your wallet provider may need to update for the hard fork. It is recommended that you check with them to see what actions they are taking to update for the hard fork and if they are asking their users to take other steps. A hard fork is a change to the underlying Ethereum protocol, creating new rules to improve the system. The protocol changes are activated at a specific block number. All Ethereum clients need to upgrade, otherwise they will be stuck on an incompatible chain following the old rules. What happens if I do not participate in the hard fork? If you are using an Ethereum client that is not updated for the upcoming hard fork, your client will sync to the pre-fork blockchain once the fork occurs. You will be stuck on an incompatible chain following the old rules, without replay protection against the main network. Old clients will be able to construct transactions, but will not be able to see the effects of those transactions. What is Metropolis, Byzantium, and Constantinople? Metropolis is a planned Ethereum development phase that includes two hard forks: Byzantium and Constan Continue reading >>

More in ethereum