Posts Tagged ‘ETH hardfork

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.

ethereum-logo

In the last weeks Ethereum and its network have been the target of a constant attacks resulting in various issues and disruption of the normal operation of the network and users having trouble with transactions. The attacker(s) apparently have been very crafty in locating vulnerabilities in the client implementations as well as the protocol specification and abusing them in order to make things hard for everyone else mining or using Ethereum. According to the Ethereum developers the most visible consequence of the attacks for most users is that they are having difficulties getting transactions included in blocks, and full nodes are facing memory limitations in managing the bloated state. This needs to be addressed with a hardfork and that hard fork was initially planned to happen at block 2457000, but has since been postponed for block 2463000 to allow for more testing of the new code before it becoming live. This is supposed to happen sometime around the coming Tuesday, October 18th. Do note that around that time some exchanges may temporary disable Ethereum (ETH) trading and withdraws/deposits in order to avoid possible issues when the hardfork hits, so make sure to be careful operating with any Ethereum coins around that time.

For more details about the upcoming Ethereum (ETH) hardfork on the official blog…

ethereum-logo

With just a few hundred blocks left before we reach the Ethereum hardfork planned for block 1150000 you should make sure you have updated any local geth or eth clients you are running, including any version of the GUI wallet. With this hardfork Ethereum will move to the next phase called Homestead – the second major version release of the Ethereum platform, which includes several protocol changes and a networking change that requires the hardfork.

The latest Go Ethereum (geth) with Homestead support is release 1.3.5 and the latest C++ version of Ethereum (eth) with Homestead support is version 1.2.2. A large number of the Ethereum nodes have already been updated, but there are still some that are running older versions of the software that are not ready for the hardfork. The latest official Ethereum GUI Wallet with Homestead support is 0.5.2 (Beta 10), so if you are using it make sure you also have the latest version installed in order to avoid any possible issues associated with the hardfork.

To download the latest Ethereum Go client geth version 1.3.5 (Homestead)…
To download the latest Ethereum C++ eth client version 1.2.2 (Homestead)…
To download the latest Ethereum GUI Wallet 0.5.2 Beta 10 (Homestead)…


top