Posts Tagged ‘ETH fork

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…

The much anticipated Constantinople hardfork of Ethereum was initially planned for the middle of January, however a serious bug was discovered shortly before the time of the fork, so it was postponed. The new date for for Ethereum’s latest network hardfork system upgrade is around 27-28 February (end of the month) or more specifically at block number 7,280,000 (200,000 blocks later than the originally planed block). The hardfork will be in two parts, the first one will include all five EIPs (Ethereum Improvement Proposals) including the problematic EIP 1283, that was the reason to postpone the fork initially, and the second part will be used to remove the problematic EIP 1283. So after the Constantinople and Petersburg hardfork (the two parts we are talking about) the Ethereum network will have the following 4 EIPs active – 145, 1014, 1052 and 1234.

The improvements to the Ethereum network that the new hardfork will bring are numerous and they focus on improving salability, speed and efficiency of the blockchain. There is however a change that is also important to the economics of the Ethereum network and one that is especially important for miners. EIP 1234 is going to adjust the block reward, so after the fork miners will be getting just 2 ETH coins per block instead of the 3 ETH that they are getting at the moment. There isn’t much needed from you to do in order to be ready for the hardfork if you are using or mining Ether, just make sure you update any local wallet or client that you might be running. Also make sure to not make any transactions around the time of the hardfork in order to avoid any possible issues with delayed transactions and lost coins, though normally such problems are not very likely.

expanse-logo

Expanse (EXP) is a decentralized cryptographic information, application, and contract platform forked from the Ethereum codebase and is mined the same way with ethminer. According to its creators it is among the first of such to be fairly distributed, democratically controlled, and community managed. Through the use of smart contracts and decentralized blockchain technology, it is run not by any one individual or group, but by the users of Expanse itself. The project is organized, managed, and operated through a decentralized organization leveraging direct influence over the platform and its future to those that matter most: our community. New features, integration, and core modifications of the expanse platform and organization can be nominated, voted on, and implemented according to the collective opinion. Expanse’s backend is based on the Ethereum Go client and there is a dedicated beta GUI wallet for Windows and Max already available to help you manage your coins easily than via the console.

Website
http://www.expanse.tech/

Block Explorer / Crawler
http://www.expanse.tech/explorer/

Specifications

  • Algorithm: Dagger-Hashimoto
  • Block Reward: 8 EXP
  • Block Target: 60 seconds
  • Gas Limit: 31415926
  • Reserve: 11 Million (Community Managed)

Wallet downloads
Windows
Mac

Source Code
at GitHub

Ports

  • RPC Port: 9656
  • P2P Port: 42786

Pools
https://exp.suprnova.cc/
http://exp.maxminers.net/

Exchanges
Bittrex
Poloniex
Bleutrade


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