RATE Group | Ethereum Hard Fork Is Imminent and It’s a Key Step for Shift to PoS
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Ethereum Hard Fork Is Imminent and It’s a Key Step for Shift to PoS

02 Jan Ethereum Hard Fork Is Imminent and It’s a Key Step for Shift to PoS

Posted at 08:35h in Ethereum News by

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The world’s second largest crypto asset has had a pretty dismal year, ending it almost 7% lower than it began 2019. Ethereum fundamentals have not really faltered though and an impending hard fork is another step in upgrading the platform.

Ethereum Muir Glacier Imminent

According to the countdown the hard fork will be imminent by the time you read this. Muir Glacier will apply EIP 2384 to extend the Ethereum Ice Age by delaying the difficulty bomb.

In short, the mechanism maintains an average block time through manipulating the mining difficulty required to produce a new block. The difficulty bomb incrementally adds to this mechanism every 100000 blocks until it ‘freezes’.

It started to get noticeable around block 8600000 in early October when block times increased from 13 to 14.3 seconds, increasing exponentially as the mechanism does its thing. Without this upgrade block times would have been at 30 seconds by February slowing the network considerably.

This upgrade will delay the…

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