Byzantium implemented

Hard fork of Etereum successfully implemented at 16th of October 2017, 05.22 UTC
16 October 2017   2516

On Monday, October 16, at 05.22 UTC on the block 4,370,000 in the Ethereum network, the previously planned hardfork was implemented.

Byzantium's hard work has made the following changes to the Ethereum blockchain:

- delayed the "complexity bomb" for another 18 months;
- speed of blocks confirmation increased;
- Reduced the reward for the block from 5 to 3 ETH;
- added zk-SNARK elements, which are designed to introduce new privacy features, currently found in crypto-currencies such as Zcash;
- expanded the capabilities of the virtual machine Ethereum, etc.

The Metropolis hardfork was first introduced on the Ethereum roadmap in 2015. Byzantium is the first part of a major upgrade of Metropolis. Before activating of Metropolis in thenext year, there will be another second, which will be called Constantinople.

BitPay to Add Ethereum Support

The company will implement Ethereum support on BitPay Visa prepaid debit cards and allow merchants to accept coin as a mean of payment
17 September 2019   231

BitPay cryptocurrency processing will add support for Ethereum in the coming weeks. Merchants will be able to accept a coin as payment, and users can store it in their wallet.

BitPay is consistently at the forefront of using cryptocurrency to solve real-world problems and offer our global customers the best options to accept and pay with multiple blockchain assets. As one of the largest crypto currencies by market cap and one used by thousands of companies, Ethereum is the next logical choice.

Stephen Pair

CEO of BitPay

The company will also implement Ethereum support on BitPay Visa prepaid debit cards.

It is exciting to see BitPay leading the way in integrating Ethereum into global payment systems. This truly opens up a new world of possibilities for the Ethereum ecosystem, and together we can continue to be a leading innovator for real world use cases for cryptocurrencies.

Vitalik Buterin
Founder and creator, Ethereum

At the moment, the service supports Bitcoin and Bitcoin Cash, and also offers merchants settlements in stablecodes USDC, GUSD and PAX and 12 world currencies.