the Just a week after the almost performed at the same time Hard-Fork-Updates, Constantinople and St. Petersburg the Rate is to be added, in the new blocks in the Ethereum Blockchain, increased significantly. Overall, the transition went smoothly – however, there is still a small minority of miners who remain on the old Blockchain.

Selim Baykara
11. March 2019ETH$131,67 -2.56%part Facebook Twitter LinkedIn xing mail

The crypto-information service ether scan, increased the number of newly generated Ethereum blocks within 24 hours after the Hard Forks to more than 1,500 blocks. The total number of blocks is thus slightly above the level of December 2018.

Ethereum Hard Fork is delayed the ice age and leads to a rapid Block-growth

the reason for the significant increase is the implementation of the so-called “Ethereum Improvements Proposals (EIP) 1234″. This Protocol establishes guidelines for the Ethereum Blockchain. The latest Version of the Protocol in the framework of the Constantin Opel Hard Fork on may 28. February activated and had the goal of”Difficulty Bomb” of Ethereum for a period of twelve months suspend.

Since Ethereum is to be changed in the near future of a Proof-of-Work to a Proof-of-Stake algorithm, they wanted to move users of the network with the “Difficulty Bomb” more or less gently down to the switch, and, by increased the difficulty of solving computational tasks. To avoid a complete standstill of the Blockchain, mining, the so-called “ice age”, before Proof of Stake is finally implemented, it was necessary to move the “Difficulty Bomb” to twelve months.

By the Expose has turned the originally intended effect now. Already within a day after the Hard-Forks, the time, the new blocks were generated fell from 19 to 14 seconds. Result: The number of newly generated Ethereum blocks increased in a short time rapidly.

Ethereum-rate, and Hash Rate is largely unchanged

all this had On the course of Ethereum, no major impact – most recently, the ETH-rates even declined somewhat. Also the Hash Rate, so the total computing power, with the Miner new blocks and transactions to confirm, was not significantly changed. You can take this as an indication that the majority of the Miner with the Hard Fork went along and their Software have been updated.

A small minority of the mint of the calculations, but still on the old Blockchain. Martin Holst Swede of the Ethereum Foundation, warned in a public Feed:

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Some of the Ethereum miners waste energy on the old Blockchain. Please update as soon as possible!