03 Nov Ethereum (ETH) Keeps Reneging on Ice Age Promise
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Ethereum (ETH) has faced the dilemma of moving to proof-of-stake in the usual way – by another delay in the mining “ice age”. For the past three years, developers have voted several times to disable the difficulty time bomb, so that miners could get some grace time to seek block rewards.
Ethereum’s Berlin Hard Fork Arrives Without Difficulty Growth
The next likely delay of the difficulty time bomb will happen for the Berlin hard fork, which is scheduled for June 2020. The Istanbul hard fork, which is expected in December 2019, will also go without the final drive to abandon mining.
Ethereum’s difficulty bomb is like the US debt ceiling. It’s a self-imposed rule that is supposed to force change, but is easily pushed back with zero penalty whenever it comes around. They should just get rid of this charade completely.
h/t @bitcoinbigbang1 https://t.co/xr1NlQ1b1D
— Charlie Lee [LTC⚡] (@SatoshiLite) November 2, 2019
The phasing out of mining is seen as an empty promise on…
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