The “Gray Glacier” network upgrade has gone live on the Ethereum mainnet, bringing the crypto community a step closer to the much anticipated ultimate transition to a proof-of-stake consensus mechanism for the Ethereum blockchain.
The Gray Glacier pushed back the Difficulty Bomb by 700,000 blocks
The Gray Glacier upgrade was announced on June 16 in an official blog post by the developer and Community Manager at Ethereum Foundation, Tim Beiko. In the post, the upgrade was scheduled to launch at block 15,050,000 which happened to be on June 29.
Beiko mentioned that the actual date for the upgrade is subject to change because of varying time zones and block times. The upgrade is meant to adjust the parameters of Ethereum’s very own “Difficulty Bomb” or “Ice Age” by pushing it back by 700,000 blocks, or approximately 100 days.
Node operators were advised to update their nodes before Monday, June 27 in order to account for variable block times. The upgrade was noticed on June 30,...
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