Join The Etherecash Token PreSale Invitations

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Update Byzantium Metropolis Hard Fork on
Ethereum Blockchain
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The Ethereum platform is a vast ecosystem of
Smart Contracts and distributed applications.
Over 150 different tokens or Cryptocurrencies are
issued on the platform till date. And many more
being created using the Ethereum blockchain.
The rise of Initial Coin Offerings aka ICOs has
also fueled the birth of manyaltcoins. Also, the
number of distributed applications built on the
platform are on their way to touch the four-digit
mark.
Like any behemothsoftware system, the Ethereum
platform needs updates to be better than
yesterday.
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What is a Hard Fork?
The blockchain is a collection of blocks linked
together in a sequential order. Each block would
have a number to identify it in the sequence.
Cryptography is employed to link and maintain the
blocks digitally in a distributed manner over the
network. And also to ensure the security and
authenticity of the data. At a predetermined
block, the chain splits up creating a new
blockchain. The newborn chain considers the data
available from the parent chain to the block
where it is forked as the base data to start
operating.
A hard fork could be planned for many reasons.
Few common needs are as follows.  Releasing a
major update. Shifting the mining algorithm or
changing the mining mechanism. Community
disagreements over the proposals.  Creating a new
currency (for example, Bitcoin Gold).To patch
potential exploits.
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Metropolis Hard Fork
A hard fork is planned as part of Ethereum
roadmap. And named as Metropolis. The aim of the
Metropolis hard fork is to enhance the Ethereum
platform in terms of Security, Privacy, and
Scalability. As the Ethereum platform gained
more traction, the developers identified the need
for two hard forks. So, the Metropolis fork is
planned for two stages. Each stage consists of an
individual hard fork. The first and second
uniquehard forks are named as Byzantium and
Constantinople respectively.
Byzantium Hard Fork
Ethereum Improvement Proposals aka EIPs are the
critical implementations that would enhance the
overall blockchain and the network. Each EIP is
only implemented on the Blockchain if the
community votes for it. Implementation of nine
Ethereum Improvement Proposals aka EIPs is
achieved through Byzantium Hard Fork.
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The fork is planned to enforce much earlier. But,
few bugs were found when deployed on Ethereum
test net, an identical Ethereum environment
intended for thetesting purpose. The developers
had to fix the bugs in source code, and it was
time intensive. The Byzantium hard fork is
arranged to deploy at block number 4,370,000 on
the Ethereum blockchain. The forking process went
smoothly without any glitches, and no network
interruptions are caused.
The key features of the Byzantium fork are
Improved mining Difficulty calculation for
enforcing more stable block time. Implementation
of REVERT instruction in Ethereum Virtual Machine
(aka EVM, is responsible for running Ethereum
network).Difficulty bomb delay and issuance
reduction for an average block time of 15 Seconds
and for buying time to adapt Proof of Stake
mechanism.Improving the transactional privacy
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And few other core development related updates.
How the Byzantium fork affects Etherecash?
The Etherecash is built on top of Ethereum
platform using the Smart Contracts technology.
And the Etherecash token is an ERC20 compatible
token. The effects of Byzantium fork are
completely positive on Etherecash. Increasing the
Scalability, Security, and Privacy of the
Ethereum platform only mean a stronger backbone
for Etherecash.
The Old Blockchain
The blockchain that is other than the newly
created blockchain is known as old blockchain. If
there any nodes or miners are still working on
the old chain then there is a higher possibility
of a new Cryptocurrency coming into existence.
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Long back in 2016, there is a Decentralized
Autonomous Organization aka DAO was set up on
Ethereum platform. Due to a bug in the
code,hackers stole millions of funds from the DAO
causing chaos. To revert the damages of the
attack the community has planned for a hard fork.
But, the community has not approved this
entirely. And as an aftermath, the old blockchain
is maintained by the community of people who
disapproved the fork. So, a new currency came
into existence and named as Ethereum Classic. In
case of Byzantium hard fork, almost all the nodes
upgraded to adopt the new blockchain. And there
is no possibility of a currency coming into
existence.
Constantinople Hard Fork
The second part of the Metropolis Hard Fork,
i.e., Constantinople hard fork do not yet has a
release date. The fork would go live by the
middle of the year 2018.
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There are few Ethereum Improvement Proposals
(EIPs) whose adoption for the moment postponed
until the Constantinople Metropolis Hard Fork.
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