Ethereum Undergoes Unintentional Hard Fork
Ethereum has forked again, only this time, the event was unintentional. 2016 has been a rough year for the Bitcoin competitor. Things began in July after Ethereum enforced a hard fork following a DAO hack that ultimately cost the platform over $50 million in Ether funds. While the hard fork was supposed to bring people into a “new era” of Ethereum, customers reverted back to mining the original chain, and the work of the Ethereum executives went relatively unappreciated. The currency is now split into a newer wave of currency along with Classic Ethereum, leading to two separate entities.....
Related News
Though Coinbase has warned its users about Ethereum network instability and some Bitcoin experts have begun to criticize the its security measures, the planned Ethereum hard fork at block 2463000 will still go as expected. According to Kraken Exchange, the fork which will introduce “changes to help protect against the recent DOS attacks on the network,” which will expectedly be reached on Tuesday October 18th 2016 PDT and it may pose a little risk for Ethereum Classic users. “The fork is expected to go very smoothly with the DOS-protected fork quickly becoming the dominant chain while the....
Bitcoin developers are probing deeper into how best to execute a so-called hard fork, a contentious upgrading tool that's been at the heart of the nearly $16bn network's most divisive debate for years now. The issue is that to be used cleanly and without unintentional consequences, a hard fork requires all the digital currency's miners to move to a new blockchain, or version of its transaction history. One case study of what can otherwise happen came last summer, when ethereum inadvertently split into two networks after executing a hard fork some users disagreed with. That's not to say....
Here's what the impending Eth 2.0 hard fork means, and why Ethereum devs are still debating the “Ice Age.”
An unintentional split of the network was the latest event to shake ethereum. By now, you might have heard the back-and-forth about so-called hard forks, a particularly contentious way to update a public blockchain. Some view it as a sometimes necessary means to update the network, while others see it as less than desirable path because it breaks consensus and everyone on the network needs to update to a new blockchain in order to participate. Ethereum has hard forked three times over the past few months to fix technical issues. But the latest fork was different, because it wasn’t executed....
Popular Bitcoin entrepreneur has shared his stance on the scaling issue and a looming intentional Bitcoin hard fork according to a published transcript of a Q&A session with the Chinese Bitcoin community on 8btc on Saturday July 30. Andreas Antonopoulos was responding to several questions including one on the negative impacts the controversies regarding the scaling could cast on the long-term value proposition and investor confidence in Bitcoin. He says: “Development of bitcoin is accelerating. The number of new features, improvements and innovations is increasing all the time. Scaling....