The core developers of ethereum, during another YouTube meeting, decided to postpone the “Difficulty Bomb” to a later update of the Constantinople hard fork.
The devs of ethereum are anxious to implement a new Proof-of-Stake (PoS) algorithm. The solution that was decided upon was named the “Difficulty Bomb,” that is aimed at creating different difficulty levels of mining. The new hard fork is planned to ease the change from the current Proof-of-Work (PoW) consensus algorithm to PoS.
In last week’s meeting, the ethereum developers discussed the “Difficulty Bomb”, and the creation of three different levels of mining difficulty. One that would decrease the rewards for mining to 1 ETH, another that will decrease the rewards for mining to 2 ETH, and the last that will keep the reward level to the current 3 ETH. The base difficulty that will be adopted will be 2 ETH per block, however, the “Difficulty Bomb” has been postponed for 12 months.
This is the summary of the discussion:
“Starting with
CNSTNTNPL\_FORK\_BLKNUMthe client will calculate the difficulty based on a fake block number suggesting the client that the difficulty bomb is adjusting around 5 million blocks later than previously specified with the Homestead fork. Furthermore, block rewards will be adjusted to a base of 2 ETH, uncle and nephew rewards will be adjusted accordingly.”
- Ethereum is the second biggest crypto out there and a hard fork upgrade usually means important improvements and upgrades, and the upgrade is long awaited by the community.
- However, that fact that the devs a delaying some of the updates can continue the spell of instability for ethereum.