Ethereum Developers Agree to Increase Inflation on January 6th

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Summary

Rough consensus has been reached to delay the difficulty bomb for years between ethereum developers in a public call. Without the difficulty bomb, there probably won’t be much of an incentive to solve it either. That being: they are melting the ice age, another name for the difficulty bomb. Up from the current circa ◊11,600 back to the ◊13,600 that miners were receiving before the difficulty bomb kicked in. So if this fork goes through the difficulty bomb won’t kick in until the very end of 2021 or in early 2022.

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Rough consensus has been reached to delay the difficulty bomb for years between ethereum developers in a public call.

The call itself had some technical problems, so it’s not clear what exactly was said, but Tim Beiko of PegaSys says:

“The current proposal is block 9.2M, which would bring us to ~January 6th.

There are no objections on the call, so it seems we have rough consensus to upgrade on block 9.2M, push back the difficulty bomb 9M blocks, and use the Mountain Glacier name.”

Nine million blocks is the current number. Devs have agreed to delay the difficulty bomb for 4 million blocks.

That’s roughly two years, or 700 days at 15 second blocks. So if this fork goes through the difficulty bomb won’t kick in until the very end of 2021 or in early 2022.

In the meantime...

Read the full article @ TrustNodes