Ethereum You have completed your second fork in less than 30 days. With the extraction of block 9, the Muir Glacier upgrade was implemented on the network. The block was mined on January 200 at 000:2 UTC. As of press time, 8 percent of ethereum customers were in sync with the new update, according to ethernodes .
Proposed by EthHub's Eric Conner in November as Ethereum Improvement Proposal (EIP) 2384 , Muir Glacier delays the «difficulty bomb» in four million blocks. With the delay, it is hoped that the difficulty bomb will not return to «exploit» for a few years, at least until the rollout of key Eth 2.0 features like the finality device.
Past days reported DayCryptotrading the displeasure of a group of developers and platforms who were forced to work on holidays to avoid crashes in their services mounted on Ethereum Network.
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Muir Glacier, the fork for Ethereum 2.0
An intentional design since the launch of ethereum in 2015, the difficulty bomb slowly increases the resolution of the lock time to push the network towards proof of stake (PoS).
If Muir Glacier were not implemented, the cost of transactions on the current network would skyrocket as block settlement times are projected to reach 20-30 seconds per block. As fewer blocks are minted every day, the cost of adjusting transactions into blocks increases, Conner said.
Why is this update so important?
“Let’s imagine we have block times of 13 seconds (that means we can make around 6 blocks per day)”Conner explained. “Once we hit 20-second block times, we can only do 4 blocks a day. Assuming the network is generally fully utilized, we now have more battles for block space every day. That will boost the rate market and make transactions more expensive for dapp users. ".
However, the transition from Ethereum to PoS has been a slow endeavor. Optimistic timelines place Eth 2.0 for sometime in 2021 under the Serenity update. The Muir Glacier, like the Istanbul, Constantinople and Saint Petersburg hardforks of Ethereum 2019, is included in the Eth 1.x descriptor, understood as incremental movements towards the revision of the Eth 2.0 network
