Byzantium release date updated

Ethereum's hardfork is planned to occur between 12:00 UTC and 13:00 UTC on Monday, October 16, 2017 (on the block 4,370,000)
12 October 2017   3126

Ethereum Team made an official announcement regarding the upcoming Byzantium hardfork. 

Now hardfork is planned on the to occur between 12:00 UTC and 13:00 UTC on Monday, October 16, 2017. (on the block 4,370,000)

Additionally, here's the list of official recommendation for user:

Download the latest version of your Ethereum client:

  • Latest version of Ethereum Wallet/Mist.
  • Latest geth client (v 1.7.1)
  • Latest Parity client (v 1.7.4)
  • Latest Harmony client (v 2.1.0)

Users of desktop or mobile wallets, such as Jaxx or MyEtherWallet, is necessary to clarify with their providers, whether they will upgrade infrastructure on the eve of hardfork. 

Main features of upcoming Byzantium:

  • Addition of ‘REVERT’ opcode, which permits error handling without consuming all gas 
  • Transaction receipts now include a status field to indicate success or failure 
  • Elliptic curve addition and scalar multiplication on alt_bn128 and pairing checks, permitting ZK-Snarks and other cryptographic mathemagic™
  • Support for big integer modular exponentiation, enabling RSA signature verification and other cryptographic applications
  • Support for variable length return values
  • Addition of the ‘STATICCALL’ opcode, permitting non-state-changing calls to other contracts 
  • Changes to the difficulty adjustment formula to take uncles into account 
  • Delay of the ice age / difficulty bomb by 1 year, and reduction of block reward from 5 to 3 ether

 

SK Group to Invest $10M in ConsenSys

SK Group chairman and the 3rd most wealthy man in country believes digital technologies will play an important role in the further development of the company
03 July 2019   270

SK Group has invested $ 10 million in leading Ethereum-based solutions developer ConsenSys. This is reported by the local news agency Chosun.

As noted, in his today's speech at the technology event in Seoul, the chairman of the board of SK Group and the owner of the third largest fortune ($ 3.4 billion) in South Korea Chey Tae-won expressed his interest in the blockchain technology and the tokenized economy, expressing also the opinion about the need for digitalization of approaches practiced by traditional businesses.

According to him, digital technologies will play an important role in the further development of the SK Group.

It is also reported that in February of this year, the telecommunications division of the conglomerate SK Telecom entered into a partnership agreement with Deutsche Telekom to create a blockchain solution for customer identification.

In April of this year, the media passed information that ConsenSys is going to attract $ 200 million in funding from outside investors with a market valuation of $ 1 billion. To this end, the company began distributing presentation materials to Chinese investors. They say that ConsenSys expects to receive $ 50 million in revenue this year, mainly due to contracts with corporate clients and government agencies.