CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • Fund
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$31,623.00
  • ethereum
    ETH$1,286.68
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Home » Crypto News » Ethereum’s Newest Hardfork, Muir Clacier, To Take Place On January 1st

    Ethereum’s Newest Hardfork, Muir Clacier, To Take Place On January 1st

    Author: Jordan Lyanchev

    Last Updated Dec 30, 2019 @ 10:53

    The beginning of the new year will deliver a new hard fork for Ethereum, called Muir Glacier. Just a few weeks after the last one (Istanbul), the new fork should address the issues left from it and is supposed to happen on Wednesday, January 1st, 2020.

    Muir Glacier To Start 2020

    According to the official announcement from the company, Ethereum’s newest upgrade is called Muir Glacier and will take place at block number 9,200,000, which should be on January 1st, 2020. However, the date might change due to variable block times and timezones.

    Muir Glacier comes just weeks after the previous hard fork – Istanbul. It brought several new features and upgrades regarding gas costs, additional resilience against Denial-of-Service attacks (DDoS), and interoperability with equihash PoW-based cryptocurrencies.

    Yet, it appeared that Ethereum developers made an unexpected mistake and didn’t consider one crucial feature – “Ice Age” or “Difficulty Bomb.” It increases the mining difficulty on the network at every 100,000 blocks. Because miners have a tough time adapting, this leads to slower block time, and the entire network freezes over time.

    Muir Glacier’s mission is to push further back the Difficulty Bomb by four million blocks (or 1.7 years) so that Ethereum developers could have enough time to address the issue as a whole. The Ice Age is already occurring earlier than expected, as the average block times have increased by close to two seconds within the past month, so the Muir Glacier is Ethereum’s emergency hard fork response.

    Muir Glacier for Users And ETH Price

    The statement also reads that most users wouldn’t have to do anything specific to implement the hard fork’s new features:

    “If you use an exchange, a web wallet service, a mobile wallet service, or a hardware wallet, you do not need to do anything unless you are informed to take additional steps by your exchange or wallet service.”

    On the other hand, it also shows the latest versions of several Ethereum features that node operators and miners need to download.

    As far as the price goes, the second-largest cryptocurrency has noted a 24-hour increase, but it has been generally on the downtrend for the last several weeks. Back in November, before Istanbul took place, ETH was trading at around $180-190. After the Ice Age issue was located, the price plunged to under $120 and has currently spiked back up to $135.

    ETHUSD. Bitfinex 4h. Source: TradingView
    ETHUSD. Bitfinex 4h. Source: TradingView
    Enjoy reading? Please share:
    Facebook Twitter LinkedIn Telegram
    SPECIAL OFFER (Sponsored)
    Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

    You Might Also Like:

    • hacker2-min
      How I Lost $80,000 Worth Of Ethereum In 2 Minutes
    • Ethereum Social Sentiment Surges as Staking Starts
    • Ethereum_2
      Ethereum Infrastructure Provider Down: Exchanges Halt ETH Withdrawals
    Read more on: Ethereum Ethereum Forks

    About The Author

    Jordan Lyanchev View more posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$31,623.00
  • ethereum
    ETH$1,286.68
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    ADVERTISEMENT
    binance
    ADVERTISEMENT
    bitmart
    Bitcoin Editorials
    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Ethereum 2.0 Staking on Exchange vs. Creating Your Node: What You Need to Know

    Ethereum 2.0 Staking on Exchange vs. Creating Your Node: What You Need to Know

    5 Possible Reasons For Bitcoin’s Price Surge Over $30,000

    5 Possible Reasons For Bitcoin’s Price Surge Over $30,000

    2020 Year In Review: Bitcoin’s Journey From $3800 To Nearly $30K

    2020 Year In Review: Bitcoin’s Journey From $3800 To Nearly $30K

    6 Reasons For The Ongoing Bitcoin Bull-Run Beyond $20K

    6 Reasons For The Ongoing Bitcoin Bull-Run Beyond $20K

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!