The first code update of the Beacon Chain network, representing the zero phase of Ethereum 2.0, will be held on October 27. The Altair hard fork has been tested by developers since August and is fully ready for placement on the main network. This positive news can be offset by Tim Beiko's decision to update the project for the" old " Ethereum network, also scheduled for the end of this year. Initially, it was assumed that the hard fork would combine ETN1 and ETH2. However, Beiko came to the conclusion that the developers of client programs for Ethereum are not yet able to conduct a merger without bugs. As a compromise, the update will only take place with the goal of"freezing the complexity bomb". Probably, this Shanghai hard fork will get a different name. The news is positive for PoW miners, as for investors, they should pay attention to the tokens of the first and second level protocols that scale the Ethereum blockchain. In the near future, they will grow on the influx of new customers and the transition of a larger number of DeFi projects from the main network. The first Ethereum 2.0 hard fork carries a negative for PoS miners. The Altair update will raise the amount of fines for inaction and malicious acts. The only advantage will be the correction of shortcomings in the distribution of remuneration identified during the actual work of the zero phase. In December, Beacon Chain will celebrate exactly one year since its launch. Currently, $24.3 billion of assets or 6% of the total capitalization of Ethereum are blocked on the network. #Cryptocurrency
Log in to join in Reading is open to everyone. Replying needs an account.
No comments yet