Ethereum Developers Have Agreed to Postpone the ‘Difficulty Bomb’ and Reduce Block Rewards to 2 ETH

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

In ETHEREUM regular meeting Ethereum (ETH) core developers decided to delay the “Difficulty Bomb” by agreeing to include the code for such a change into the upcoming Constantinople hard fork.

In order to implement it, the developers came up with a solution called the “Difficulty Bomb,” which makes the production of new blocks more complex and unfavorable. Constantinople is designed to smooth the transition from a Proof-of-Work (PoW) consensus algorithm to PoS.

The summary of the discussion prescribe that,

“Starting with `CNSTNTNPL_FORK_BLKNUM` the client will calculate the difficulty based on a fake block number suggesting the client that the difficulty bomb is adjusting around 5 million blocks later than previously specified with the Homestead fork. Furthermore, block rewards will be adjusted to a base of 2 ETH, uncle and nephew rewards will be adjusted accordingly.”

And end up say that Ethereum is trading around $283, down 0.48 percent on the day, and up 1.39 over the last week. The altcoin hardly picked up on the recent news that the Chicago Board Options Exchange(CBOE) is reportedly planning to launch ETH futures by the end of 2018.

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