The Upgrade of Ethereum That Follows Could Be the Biggest Test of Blockchain Than Ever

Crypto Land News
Aug 31, 2018 · 2 min read

Hard forks are usually never easy

By definition, this type of system-wide upgrade requires every software user to upgrade to new rules near-simultaneously, which means that there are coordination difficulties which have to be overcome to ensure the code continues to operate as it is designed. Still, in an upcoming upgrade in October, known as Constantinople, Ethereum is probably confronted with an unusual challenge — how to find a balance between a web of various stakeholders, each of them battling for different outcomes.

By making the matters even more complicated, there is actually a hard deadline for the upgrade, which is currently set for October. A piece of code which is known as the difficulty bomb is also predicted in early 2019, thereby making the blocks of Ethereum steadily less time efficient to mine.

If there is no action taken, the so-called difficulty bomb is going to push Ethereum into what is now known as the ‘ice age,’ which is a period wherein the difficulty is so high so that transactions can no longer be processed, making the blockchain unstable.

As the delaying of the difficulty bomb will also affect ether inflation, Ethereum is under pressure to upgrade its code, before the bomb hits. But now, a upgrade path forward is still unclear.

Read more: https://cryptolandnews.com/the-upgrade-of-ethereum-that-follows-could-be-the-biggest-test-of-blockchain-than-ever/

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