Byzantium fork for Metropolis is live

Byzantium fork for Metropolis is now live on Ethereum’s Ropsten testnet
19 September 2017   824

The date of a launch for the Byzantium testnet, the next critical step towards Metropolis, a major upgrade for Ethereum, has been announced recently.

The day has come

Thus, today marks a significant milestone for Ethereum. The first iteration of Metropolis upgrade is finally being tested on Ethereum’s testing network, as reported by ethnews.com.

According to the report, the Ethereum Ropsten testnet has reached block number 1,700,000. Hence, Geth 1.7 has automatically implemented nine Ethereum Improvement Proposals (EIPs) as well as the Byzantium hard fork.

There are two main upgrade optimizations taking place today:

  • Data storage requirements for fast-synced nodes have been nearly halved, from 26.3GB to 14.9GB.
  • The reduction of filtering time required for contract events being stored and indexed by the EVM from minutes to seconds.

It is believed, that this is the beginning of a new era and a gradual shift away from proof-of-work and toward proof-of-stake. 

Ethereum charts on coinmarketcap.com Ethereum charts on coinmarketcap.com

Meanwhile, Ethereum is doing well and making progress in growing. At the time of writing, the price of the cryptocurrency is about $283, its market capitalization is $26,847,744,466.

Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
22 February 2018   73

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.