Ethereum’s Arrow Glacier upgrade delays Difficulty Bomb until June 2022

Please fol­low and like us:
Pin Share

Earn $1,700,000 in WOO and more

Ethereum is set to under­go a sched­uled upgrade at block num­ber 13,773,000, which should take place around Decem­ber 8th.

The Arrow Glac­i­er net­work upgrade will delay the dif­fi­cul­ty bomb until June 2022, which is when devel­op­ers believe Ethereum will be run­ning on Proof-of-Stake (PoS).

Arrow Glacier will give miners time to breathe as Ethereum transitions to POS

Accord­ing to Tim Beiko, the chair of all core devel­op­ers at the Ethereum Foun­da­tion, push­ing back the Ice Age/Difficulty bomb has also been done in the Byzan­tium, Con­stan­tino­ple, and Lon­don net­work upgrades.

The EIP-4345 Dif­fi­cul­ty Bomb was sched­uled to go off in Decem­ber 2021 and expo­nen­tial­ly raise the dif­fi­cul­ty lev­el for min­ers on the net­work. How­ev­er, as the dif­fi­cul­ty bomb only affects Proof-of-Work net­works, it was decid­ed to delay the bomb on the main­net and run the Proof-of-Stake tran­si­tion on the Rop­sten test network.

No oth­er changes oth­er than EIP-4345 have been includ­ed in the upgrade. The change will delay the dif­fi­cul­ty bomb until June 2022, when devel­op­ers hope the cur­rent Ethereum main­net will merge with the Bea­con Chain mark­ing the end of Proof-of-Work Ethereum.

How­ev­er, if “the merge” isn’t ready by June 2022, EIP-4345 will be delayed further.

In order to be com­pat­i­ble with the Arrow Glac­i­er upgrade, node oper­a­tors will need to update the client ver­sion they run to the lat­est ver­sions list­ed in the blog post. Ethereum users with cen­tral­ized exchanges and web wal­let ser­vices aren’t required to make any changes ahead of the upgrade but might need to take some addi­tion­al steps in the future if their ser­vice provider requires them to.

Get an edge on the cryptoasset market

Access more cryp­to insights and con­text in every arti­cle as a paid mem­ber of Cryp­toSlate Edge.

On-chain analy­sis

Price snap­shots

More con­text

Join now for $19/month Explore all benefits

Earn $1,700,000 in WOO and more

Like what you see? Subscribe for updates.



Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *