Posts Tagged ‘Byzantium’

Ethereum’s Istanbul Hard Fork Phase One is on December 7th

4, Dec 2019

Just a reminder that on December 7th, at block number 9069000, Ethereum (ETH) will execute the first phase of its Istanbul hard fork (a little more than 19000 blocks as of writing this). Earlier the hard fork was scheduled to happen today on 4th of December at block 9056000, but the date has been pushed back a bit. The second phase of the hard fork is scheduled for early 2020, though no exact date has been announced yet. The first phase of the Istanbul hard fork is not going to be changing anything related to the PoW mining algorithm hat the project uses at the moment, after the fork Ethereum will still be mined using the Ethash algorithm. The second phase for early next year though will bring a change in the mining algorithm from Ethash to the ProgPow algorithm, rendering the current Ethash ASIC miners useless for Ethereum mining (there are other Ethash cryptos out there though). To see the list of EIPs included in the fork (Ethereum Improvement Proposals). Make sure you upgrade your Ethereum local node if you are running one before the fork occurs in order to avoid possible problems.

– To check the time left before Ethereum (ETH) hard forks next at block 9069000…

Ethereum’s Byzantium Hard Fork is Happening Tomorrow

15, Oct 2017

The Ethereum (ETH) network will be undergoing a planned hard fork at block number 4.37 Million (4,370,000), which will likely occur between 12:00 UTC and 13:00 UTC on Monday, October 16, 2017. Ethereum users should update to the latest version of the Ethereum wallet/Mist if they are using it as well as any of the Ethereum clients – Geth, Parity or Harmony prior to the hard fork in order to be ready. 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 and they should be doing the update as well in order to support he hard fork as well.

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. Metropolis is a planned Ethereum development phase that includes two hard forks: Byzantium and Constantinople. Byzantium is occurring at block number 4.37M (the hard fork happening tomorrow), while the second part – Constantinople does not currently have a release date, but is expected to happen some time in 2018.

Update: The hardfork has been successful, the new block reward is 3 ETH (down from 5), but also the effective block time and difficulty have pretty much halved, so in the end miners should still be able to get a better profit at the moment compared to before the fork.

– Here is a countdown for the time remaining until the Byzantium Hard Fork of Ethereum…


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