“There is no reason to believe that this one will be controversial.”
Just days away from making one of its biggest-ever upgrades, confidence is high among ethereum supporters that the world’s second-largest blockchain will avoid past mistakes and successfully navigate a coming change to its codebase, projected for Sunday night.
“I expect that nothing will happen,” Ethereum Foundation developer and designer Alex Van de Sande told CoinDesk. “Nothing happened with previous hard forks, except for one.”
Packing together a series of upgrades designed to make ethereum lighter, faster and more private, the update, called Byzantium, will be enacted at block 4,370,000 on the ethereum blockchain. Yet, it’s how the change will be enacted – using a hard fork – that has some mindful of possible issues.
A common (yet sometimes controversial) strategy for upgrading blockchains, ethereum has gone through three hard forks without complication. Still, the memory of the fork that didn’t go to plan is still top of mind.
Last summer, an emergency hard fork saw a contingent of the community continue mining on the old blockchain, creating a new asset, ethereum classic. In the aftermath, some users and companies lost funds, while ethereum was suddenly faced with a competing alternative in the market.
Read more ... source: TheEthereumNews
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