Ethereum is officially hardforked. The new fifth mandatory update of Ethereum has locked in at 05.22 UTC. The update represents Ethereum Improvement Protocols (EIP), a set of improvements for the entire platform. This is the first part of the large upgrade under name Metropolis that aims to transform the overall outlook of the Ethereum ecosystem as a whole. Let’s take a closer look at this.
It is the wide-scale upgrade that was firstly introduced in 2015 as a batch of planned improvements. Metropolis has a range of enhancements and benefits making Ethereum, more secure, fast and scalable comparing with other platforms.
Metropolis consists of two phases: Byzantium that happened just recently, and Constantinople that is anticipated for 2018.
The improvements Metropolis brings are as follows.
- Zk-SNARKS adoption
- Easier programming and clients
The Byzantium hard fork aims to resolve vulnerability issues, such as resistance to DDoS attacks and fix critical bugs. The new changes were activated at block number 4.37mil. (4,370,000). To track the process, click here.
If you use a full node wallet, such as Parity or Mist, please make sure that your wallet is upgraded to the latest version. Other lightweight wallets like Jaxx or Myetherwallet already fully support the hard fork, so you don’t need to upgrade them. Since the upgrade is mandatory, clients working on an old chain are no longer supported.
Beware of scam and suspicious emails!
For any help, please contact us at email@example.com