RATE Group | Ethereum Network Draws Developer Ire After Scheduling New Year’s Day Upgrade
73123
post-template-default,single,single-post,postid-73123,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ethereum Network Draws Developer Ire After Scheduling New Year’s Day Upgrade

24 Dec Ethereum Network Draws Developer Ire After Scheduling New Year’s Day Upgrade

Posted at 07:53h in Cryptocurrency News by

[ad_1]

The organization behind ether, the world’s second-largest cryptocurrency, is drawing criticism from developers after scheduling an upgrade on New Year’s Day – a work holiday in most countries.

The Ethereum Foundation on Monday announced the plan to implement the “Muir Glacier” upgrade on Jan. 1. The upgrade will take place when the ethereum network hits its 9.2-millionth block, said a blog post on the organization’s website.

The upgrade would come just less than a month after the network’s last upgrade in early December, known as “Istanbul.”

According to the blog post, node operators and cryptocurrency miners have to download the latest version of client software to comply with the new terms, rules and procedures stipulated under the upgrade.

The main purpose of the Muir Glacier upgrade is to delay a planned increase in the difficulty of mining new units of cryptocurrency by an estimated 611 days, according to a Dec. 16 post on the blog Ethereum Cat Herders, which is dedicated to…

[ad_2]

Source link

Tags:
, , , , , , , ,