Hardfork Ethereum carried over
The leading cryptocurrency platform, Ethereum, is regularly updated. Developers actively support their own project, improving the crypto and improving the payment instrument. In the near future, the creators of the coin planned to conduct another division of the network, a hard fork called Berlin. However, the update is carried forward. This was stated by the creators of the crypt, who said that at the moment the system is not ready for the upcoming event. To find out what is the reason for the delay, you need to understand the intricacies of the update. Next, we will talk about all the unobvious subtleties of a hard fork, so read carefully, the material requires a responsible approach. So let’s get started.
What you need to know about the project?
It should be understood that updating such a large and serious project as Ethereum is a long and thorny process. That is why a series of tests must pass before starting the update directly. A careful check of all the intricacies of the innovation will allow developers to immediately present the finished product, without the need for constant changes and adjustments to the work. And everything went according to plan, because two weeks ago representatives of ETH announced that Berlin was almost ready. Nevertheless, today it became known that the creators of the hard fork could not even launch a test network, which is to say about the full start of the project. Due to the fact that some points were not taken into account, the system did not start work on time, and the company had to postpone the start of the project.
Recall that earlier it was supposed to launch a hard fork in late June. And, despite the fact that the month has just begun, the creators of ETH are already confident that the project will not work in the next 30 days. According to the most optimistic forecasts, we can only see the start of work at the beginning of September. Thus, there is a long wait for the start of the transition to the second phase of Ethereum, because it is Berlin that should be the starting point in the global update.
What exactly was offered in hardfork?
Hard fork is always an event that brings a lot of useful for a particular currency, and for the industry as a whole. For example, Berlin was supposed to have the following effect on the first coin:
- Improve mining. Although it is planned to switch to PoS mining in the second phase of ETH, it is also impossible to ignore the first version of the coin. The original Ethereum is still actively used, and therefore developers must maintain the competitive ability of this tool. Through Berlin, it was planned to improve GPU mining, which would counterbalance the ASIC’s and contribute to greater decentralization of the entire system;
- Reduce commissions. The main ballast that prevents ETH from developing at a fast pace is commissions. Yeah really beginner
- Optimize the entire network. The system should become more stable, more productive and less likely to push users with malfunctions. Certainly a nice bonus;
Well, the main task of Berlin hardfork is to prepare the original Ethereum for the transition to the second phase of the project. It is Berlin that will create the correct zero phase, from which the launch of the platform will begin.
Are there any reasons for worries?
In fact, there is no reason for unrest. An additional break before starting hardfork is an extra opportunity for developers to bring the project to perfection. Thus, having waited an additional couple of months, we are guaranteed to get a workable hardfork. Therefore, one should not worry. Berlin will come out, just show a little patience. In order not to miss the beginning of the hard fork, follow all the news of the crypto industry with us. We publish only high-quality and interesting material. Thank you for the attention. Good luck!