Ethereum Developers Unanimously Agree to Delay the Difficulty Bomb

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Summary

In a public discussion of ethereum developers and other non-dev participants, like marketers or miners, all attending were of the view the difficulty bomb is to be delayed. Ethereum developers have agreed to an emergency hard-fork just weeks after the Istanbul Gas Upgrade goes live next Saturday. Obviously it’s ethereum holders that are paying these marketers and these miners and even these devs. As in ethereum’s supply keeps increasing, so demand has to increase at the same rate for price to remain stable. The “consensus” among the devs, marketers and miners participating in this discussion, however, was seemingly that of quickly removing the algorithmic difficulty increase while not touching issuance.

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Ethereum developers have agreed to an emergency hard-fork just weeks after the Istanbul Gas Upgrade goes live next Saturday.

In a public discussion of ethereum developers and other non-dev participants, like marketers or miners, all attending were of the view the difficulty bomb is to be delayed.

There was discussion on whether to remove it completely or just delay it, with Alexey Akhunov, an eth dev who is meant to work on rent fees, stating “the risk/reward ratio from the usage of the difficulty bomb is not great so far.”

Eric Conner, a marketing employee at the Augur like betting dapp Gnosis, argued against removing it completely because he said there would be “community” pushback.

No one argued against a delay, with a discussion...

Read the full article @ TrustNodes