A Comprehensive Guide on-Ethereum's Muir Glacier - PowerPoint PPT Presentation

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A Comprehensive Guide on-Ethereum's Muir Glacier

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Ethereum welcome the new year 2020 in the best possible way- with a network upgrade. The Muir Glacier hard fork network upgrade was activated on 2 January 2020 at block number 9,200,200 with a single Ethereum Improvement Proposal (EIP). – PowerPoint PPT presentation

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Title: A Comprehensive Guide on-Ethereum's Muir Glacier


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A Comprehensive Guide on Ethereums Muir
Glacier
  • Ethereum welcomed the new year 2020 in the best
    possible way- with a network upgrade. The Muir
    Glacier hard fork network upgrade was activated
    on 2 January 2020 at block number 9,200,200 with
    a single Ethereum Improvement Proposal (EIP).
    Muir Glacier is a routine network update. Let us
    get to know more about this in this article.

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What Is Muir Glacier?
  • It refers to a proposal for delaying the network
    feature of the Ethereum blockchain named Ice
    Age. The process of mining Ethereum blocks will
    be more time-consuming if they are mined using
    the proof-of-work consensus unless the Ice Age is
    pushed back through a hard fork. The feature was
    primarily developed in the protocol to motivate
    developers to upgrade the network actively.

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  • So, the Ice Age began taking effect much earlier
    than expected. This created the need for
    developing another fork close to the previous
    fork. Muir Glacier is a routine network update.
    All the services will remain operational at the
    time of the fork. EIP 2384, the proposal using
    which the Muir Glacier upgrade was activated,
    delays the difficulty bomb for 611 days
    (4,000,000) blocks.

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  • Though subsequent changes and network upgrades to
    the difficult bomb have been accompanied by a
    change of issuance of Ether, no reduction
    occurred in the Muir Glacier Upgrade. Hence, the
    issuance remains at 2 ETH per block.

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What Is The Ice Age ?
  • Ice Age or Ethereum difficulty bomb is an
    algorithm that has been designed to increase the
    difficulty of mining Ethereum blocks over time.

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History Of The Difficulty Bomb?
  • So, what is the reason for the existence of the
    difficulty bomb?
  • The concept of the difficulty bomb originates
    from the initial design of Ethereum. Ethereum has
    most often operated under the ethos of
    continuous innovation. This implies that
    frequent upgrades need to be done to the Ethereum
    blockchain. Network upgrades are a costly affair
    for the network as, in that case, each node on
    the network must be upgraded to the latest
    version of the protocol.

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  • If the nodes fail to undergo an upgrade, it will
    result in them being forked off the network. The
    coordination costs associated with upgrades have
    also implied that blockchain projects avoided
    them.

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  • This is where the difficulty bomb comes into the
    picture. The difficulty bomb was encoded in to
    force regular hard forks as a method of
    normalizing the idea of upgrading the network.
    This provided numerous opportunities to make
    other protocol upgrades. The difficulty bomb has
    been reset with respect to making other protocol
    changes.

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Participating In Future Ethereum Discussions
  • With respect to protocol changes, there were
    discussions regarding the Ethereum developer call
    and various forums such as Ethereum Magicians.
    Anyone can listen to or participate in Ethereum
    calls and Ethereum Magicians as it is open to
    all. These are open-source communities that allow
    anyone to be a part of their development and
    discussions.

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Can A Difficulty Bomb Be Removed?
  • Yes, it is possible for a difficulty bomb to be
    removed, but it would need another network
    upgrade. Though several people have argued
    informally in the past about removing the bomb,
    there has not been a proper proposal to do so.
    The Meta-EIP that is associated with the Muir
    Glacier upgrade talks about some of the
    rationales for the bomb and potential future
    improvements.

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  • The Ethereum community recently discussed the
    idea of removing the bomb once Eth 2.0 is live
    and finalizing blocks on the 1.x chain with the
    help of the finality gadget. The primary purpose
    of the finality gadget is to leverage a property
    termed finality of the Casper proof-of-stake
    consensus protocol for deployment in Ethereum
    2.0.

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Conclusion
  • I hope this article helped you gain a fair idea
    of Ethereums Muir Glacier. For more information
    about Ethereum certifications and to enroll in
    online Ethereum certifications and become an
    Ethereum expert, check out Blockchain Council.

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Blockchain Council Certifications
  • You can check out our certifications, and kick
    start your career in the Blockchain space today.
  • Certified Blockchain Expert
  • Certified Blockchain Developer
  • Certified Smart Contract Developer
  • Certified Solidity Developer
  • Certified Ethereum Developer

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