Valid Points: What to Expect When Ethereum 2.0 Undergoes Its First ‘Hard Fork’

The world’s second largest cryptocurrency, Ethereum (ETH), has just launched what may be their most impactful update yet. Consisting of five different components referred to as Ethereum Improvement Proposals (EIPs), the update aims mostly to change how transaction fees work. The ‘London Hard Fork,’ also known as EIP-1559, is the eleventh fork to occur on […]

Сonsidering the rising reputation of the Blockchain as something truly secure, the impact of the DAO attack might be disastrous not only for The DAO and Ethereum themselves but for R3 consortium and its members too. What if a smart contract fails. Getting back to business with the ‘hard fork’ would mean rolling all the transactions back to a point before the theft. Using a ‘soft fork’ instead would be equal to blocking all the transactions from the attacker’s address. Another option would be to do none of these and say, “That’s how the system works.” The option of doing nothing wasn’t....

Ethereum has forked again, only this time, the event was unintentional. 2016 has been a rough year for the Bitcoin competitor. Things began in July after Ethereum enforced a hard fork following a DAO hack that ultimately cost the platform over $50 million in Ether funds. While the hard fork was supposed to bring people into a “new era” of Ethereum, customers reverted back to mining the original chain, and the work of the Ethereum executives went relatively unappreciated. The currency is now split into a newer wave of currency along with Classic Ethereum, leading to two separate entities.....

Ethereum miners are making investments to maximize profits before mining becomes obsolete and gets replaced by validating on Ethereum 2.0.

The use case of ether has shifted with the launch of Ethereum 2.0. Here’s why that matters.