Ethereum hard fork is successful! Founder Vitalik Buterin celebrates with a “fork”!

Ethereum hard fork is successful! Founder Vitalik Buterin celebrates with a “fork”!

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On October 16, 2017, Ethereum (ETH) hard fork was successful!

Ethereum founder Vitalik Buterin (nicknamed V God) raised the "fork" to celebrate!


From Twitter @Vitalik Buterin: Celebrating the success of the Ethereum hard fork! (If you look closely, Vitalik is holding a fork!)

Major mainstream media also sent congratulatory messages!


From @Coindesk and @Bitcoin on Twitter

According to the Ethereum white paper, Ethereum's complete development route is divided into four stages: Frontier, Homestead, Metropolis, and Serenity.

"Metropolis" is the third of four phases of Ethereum's development, implemented in two steps: " Byzantium" and " Constantinople " .

The "Byzantium" that was successfully implemented today has introduced a large number of new features, including: zk-SNARKs, "revert" function and "returndata", abstract accounts. "Constantinople" is planned to be deployed in 2018. Its main feature is to smoothly handle all the problems caused by "Byzantium" and introduce a hybrid chain mode of PoW and PoS.

Data from www.ethernodes.org. As of press time, 100% of nodes are running clients compatible with Byzantine code. The United States ranks first with 30.30%, and China ranks fourth with 6.49%.

Although there were some vulnerabilities in Geth, the most popular Ethereum client, before the fork, developers quickly released a new client and booted the upgrade. This "Byzantium" upgrade will make the Ethereum blockchain lighter and faster, paving the way for better decentralized applications (dapps), while also improving the privacy of the Ethereum network.

Affected by the news of Ethereum fork, the price of ETH slipped slightly, but then quickly rose. As of press time, it is basically stable at 2,202 yuan.

ETH today's market chart, from BTC123

As for the future price trend of Ethereum, everything is unknown. But what is certain is that the future "Constantinople" and its PoS will become something that everyone in the crypto world will pay attention to.

Next year will be the first year of Ethereum, when Ethereum will really explode! Leave your wishes below, maybe you will come back to read this article next year and find that your wishes have come true!

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