News Byzantium Fork For Metropolis Is Live On Ethereum’s Ropsten...

Byzantium Fork For Metropolis Is Live On Ethereum’s Ropsten Testnet

-

- Advertisment -

Today marks a significant milestone for Ethereum. The first iteration of the much anticipated Metropolis upgrade is finally being tested on Ethereum’s testing network.

The Ethereum Ropsten testnet has reached block number 1,700,000! Geth 1.7 has automatically implemented nine Ethereum Improvement Proposals (EIPs) as well as the Byzantium hard fork.

This is a true milestone and is evidence that Ethereum’s leadership is strong and continues to set and achieve goals for the future. While there is no way of knowing how successful this testing rollout will be, hopes are high for the new updates, which are expected to bring more security and speed to the platform.

Geth 1.7 is the mechanism that will usher in Metropolis. Originally developed in Ethereum’s youthful Frontier, Geth is the command line interface for running full nodes on the Ethereum blockchain. It’s essentially how people talk to the blockchain. Geth 1.7 includes updates for the nine EIPs as well as a critical time stamp for the first Metropolis hard fork, Byzantium.

Ropsten simulates the Ethereum network and the Ethereum Virtual Machine (EVM). Developers can check new code and verify that the changes are working correctly. Executable distributed code contracts, also known as “smart contracts,” can also be uploaded to Ropsten and allow for interactive developer testing without requiring Ether gas payments to process transactions. Ropsten is basically a free clone of the Ethereum network with diminished cybersecurity. (It’s a testing network so it doesn’t need robust security.)

There are two main upgrade optimizations taking place today. The first is that data storage requirements for fast-synced nodes have been nearly halved, from 26.3GB to 14.9GB. The second notable update is the reduction of filtering time required for contract events being stored and indexed by the EVM from minutes to seconds.

This is the beginning of a new era and a gradual shift away from proof-of-work and toward proof-of-stake. There will be more testing and hard forks to come. Stay tuned for updates as they become available.

Jordan Daniell is a writer living in Los Angeles. He brings a decade of business intelligence experience, researching emerging technologies, to bear in reporting on blockchain and Ethereum developments. He is passionate about blockchain technologies and believes they will fundamentally shape the future. Jordan is a full-time staff writer for ETHNews.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Bitfinex Is Paying hackers to recover stolen Bitcoin from 2016 hack.

How can you trace $1.3 billion dollars from a Bitcoin heist? The Bitfinex cryptocurrency exchange offers the...

How to Make Margin Trading More Profitable Than Spot Trading

In the financial sector, there are different ways of trading assets and commodities, Both spot trading and...

The 3 Main Reasons Behind Bitcoin’s Rise

Bitcoin is famous for its volatility, but has been unusually calm in recent months. The digital currency...

US Banks Can Now Open Bitcoin Accounts? Is This a Good Thing?

Do you remember what was said by the banks against cryptocurrencies? That it's nothing worth talking about...
- Advertisement -Byzantium Fork For Metropolis Is Live On Ethereum’s Ropsten Testnet

PlutusDeFi’s Plans To Let Decentralized Finance Fans Lend And Earn On Idle Assets

German-based non-profit dGen speculated the industry could surpass the trillion-dollar mark in the next decade. They wrote...

Cryptocurrency Has Brought A New Wave of Transaction

The most beautiful definition of a cryptocurrency suggests that it is a digital currency, which is crafted utilizing the...

Must read

How to Make Margin Trading More Profitable Than Spot Trading

In the financial sector, there are different...
- Advertisement -

You might also likeRELATED
Recommended to you