Home Technology Blockchain Ethereum gets new upgrades as Hard Forks upgrades on Blockchain

Ethereum gets new upgrades as Hard Forks upgrades on Blockchain

Recently, the Ethereum blockchain, known as the world’s second-largest by market value got its latest update in which two highly awaited upgrades namely St. Petersburg and Constantinople officially got activated without incident.
At 19:57 (UTC), the sixth and seventh system-wide upgrades to the software, dubbed Constantinople and St. Petersburg, respectively, were unveiled on to the main network at block number 7,280,000. So far there is no evidence of a chain split that would suggest a portion of ethereum users are still running an older ethereum software, according to data presented on blockchain monitoring website Fork Monitor.

Such setbacks have been encountered by tast hard forks of the Ethereum, the most notable case occurring back in 2016 with ethereum classic, a group which continually ran an older software instance even when a controversial upgrade was launched.
In order to avoid two concurrent and incompatible versions of the same blockchain from splitting the wider network as background, prior to any hard fork or system-wide upgrade node operators and miners are required to install new client software that has an automated process for uploading the exact same block number.

In an interview, Taylor Monahan, CEO of blockchain wallet tool MyCrypto said, “With the blockchain, everyone has to upgrade in order for everyone to be able to use [the new] features.”
Monahan further said, “About two weeks before the fork, everyone upgrades the software but none of the new features are enabled.”
The CEO of blockchain wallet tool MyCrypto further added, “Then, on that block number, everyone at the exact same time starts using the new features. So, that’s how we prevent differing states from existing simultaneously. It’s [also] called a consensus issue or a consensus bug.”
Currently, 10 to 15 computer servers known as nodes run are operated by MyCrypto all running on the most updated version of the Parity ethereum client.
The unveiling of St. Petersberg and Constantinople marks the fourth different ethereum improvement proposals (EIPs) to have officially been activated on the ethereum network, out of which one introduces a new “corner case” affecting smart contract immutability.

mm
Safdarali Rizvi
Safdarali Rizvi the management graduate. Has been an avid book reader all his life so naturally loves playing with his words. His curiosity for discovering futuristic opportunities drives him to enlighten the entire Geekymint team with exclusive and intriguing news. He has a real passion for calisthenics and sports. His management abilities and hunger for learning brings tremendous value to our team.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

ThopTV – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick, FireTV

About ThopTV movies ThopTV has been around for many years, initially, a user could download the app for an...

Top 13 best ThopTV alternatives for free streaming and Live TV (2021 updated list)

Streaming apps like Netflix, Amazon Prime, Hulu etc have all become a household name, thus proving that the Internet is the new...

Mobdro – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick & FireTV 

About Mobdro Mobdro App is one of the latest introduction into the free movie streaming app market. Mobdro is rapidly dethroning some of the big...

Download Kissanime App Apk on Android, iOS, PC, Firestick, Roku (2021 Update)

What is kissanime Kissanime is a free anime streaming website if you ask any anime lover about the best website to watch the latest anime...

Top 13 best Mobdro alternatives to watch free live tv and movies

Modbro was one of the growing movies and live tv streaming sites with free unlimited content. Mobdro had its app on the...

Random Post

The grounding of the 737 Max has led to increased demands for older jets

The worldwide grounding of the Boeing 737 Max aircraft has led to airlines moving towards older jets to meet growing demands. With the grounding...

Reduce Background Audio Sound in your recordings for free

It is almost impossible to record clean audio without having some unnecessary background sounds. So unless you are willing to invest in...

Study on Warren Buffett investment strategy and 5 stocks to invest

From a beginner investor to an expert investor, everyone dreams of mirroring the path of legendary investor Warren Investor and become arguably the best...

Latest Deepfake app posts your face in GIFs in seconds

Deepfake tech has gained recognition for all the wrong reasons back in the previous year, many apps leveraged deepfake tech and captured personal data...

6 of the best 123movies alternatives for unlimited free movies and tv shows

123movies shutdown due to copyright issue but don't be worried, I have listed the best 123movies alternatives for streaming free movies and...