New Update in Ethereum Hard Fork
Best 2. A new update is currently planned for the blockchain of the cryptocurrency ethereum.. Code “Byzantium” (Byzantine), a step in the upgrade called Metropolis, 4,370,000. It will be implemented as a “hard fork” starting from the block.
9 different ethereum development protocols (EIPs) will be implemented on the ethereum blockchain together with the Byzantine code.. The changes will make the platform lighter and easier to operate; It is thought to increase transaction speed, smart contract security and privacy.. Let’s take a look at the effects of the changes on the platform separately.
Clients
As the success of the upgrade depends on the network nodes, the clients that provide the software to the nodes Making sure that it is ready to upgrade is one of the most important issues.. This means that startups responsible for auditing clients need to make sure their software includes EIPs that will activate the Byzantine hard fork.. 4,370,000. Starting from the block, EIPs will start to be coded to the clients and this block will be the starting point of the hard fork.. If some nodes are left behind, the blockchain will split, creating different versions of the same platform.. It has been reported that most of the clients already appear ready to upgrade.
Miners
With Byzantium, mining difficulty will be significantly reduced. Blocks will be mined faster, transaction times will accelerate, and miners will receive less rewards per block.
Exchanges
If everything goes as planned, exchanges won’t have to do anything. However, it is useful to remember the DAO event.. After the DAO process, which suddenly gave birth to ethereum classic, the stock markets were left on the counter.. Although projects such as Etherite, which is designed for different things for the network and opposes Byzantium, do not receive significant support for now, there is no guarantee that if these projects are supported, there will be no confusion.. In this case, stock exchanges that are known for their speculative market-supporting moves may have to add the new currency to their platforms.
Application developers
Ethereum application developers should also face any difficulties. not expected. Mist and derivative ethereum browsers will be upgraded automatically. 4,370,000. The way failed transactions are detected will change after the block. It is thought that this will be the only change for developers.
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