The Ethereum community will probably be present process a tough fork at block quantity 2463000, which is able to probably happen between 12:00 and 13:00 UTC on Tuesday, October 18, 2016. A countdown timer will be seen at https://fork.codetract.io/.
As a consumer, what do I must do?
Obtain the most recent model of your Ethereum consumer:
What occurs if I don’t take part within the laborious fork?
In case you are utilizing an Ethereum consumer that’s not up to date for the upcoming laborious fork, your consumer will sync to the pre-fork blockchain as soon as the fork happens. You may be caught on an incompatible chain following the previous guidelines and you can be unable to ship ether or function on the post-fork Ethereum community.
What’s a tough fork in Ethereum-land?
A tough fork is a change to the underlying Ethereum protocol, creating new guidelines to enhance the system. All Ethereum shoppers must improve; in any other case they are going to be caught on an incompatible chain following the previous guidelines. The decentralized nature of blockchain programs makes a tough fork improve tougher. Onerous forks in a blockchain require cooperation and communication with the neighborhood, in addition to with the builders of the varied Ethereum shoppers to ensure that the transition to go easily.
What occurs throughout a tough fork?
After consensus is reached on what modifications must be included in a tough fork, modifications to the protocol are written into the varied Ethereum shoppers, comparable to geth, Parity, and ethereumJ. The protocol modifications are activated at a particular block quantity. Any nodes that haven’t been upgraded to the brand new ruleset will probably be deserted on the previous chain the place the earlier guidelines live on.
Why do we want a tough fork?
Since September 18th (UTC), the Ethereum community has been underneath assault by an individual or group leading to giant delays earlier than transactions have been processed. The community is at present stuffed with pending transactions which is inflicting customers delays in processing their transactions. You may consider this as a denial of service (DoS) assault on the Ethereum blockchain.
Each operation that an Ethereum contract performs on the community is given a worth or gasoline payment. Utilizing the ADD operation is much less computationally costly than performing a posh operation comparable to hashing a quantity utilizing SHA256. The attacker carried out a DoS assault by repeatedly calling sure operation codes (opcodes) of their sensible contracts which might be computationally troublesome for shoppers to course of, however very low cost so as to add to the community. In an effort to forestall the attacker(s) from persevering with to flood the community with low-priced contracts with excessive computational price, we’re elevating the value of sure operations.
Why are we doing two laborious forks and what’s going to the consequences be?
The 2 laborious forks every handle totally different issues which have arisen from the assaults. The primary laborious fork is supposed to handle pressing community well being points regarding underpriced operation codes. As described in Ethereum Enchancment Proposal 150, “EIP 150 Onerous Fork,” the primary laborious fork is about to happen at block quantity 2463000 and can regulate the value of underpriced opcodes concerned within the assault. The second laborious fork is anticipated to handle a variety of much less pressing issues comparable to eradicating empty accounts which the attacker used to flood the Ethereum community, and which induced the scale of the blockchain to inflate. The second laborious fork remains to be being mentioned.
After the second laborious fork has been applied, there’ll probably be a “clean-up interval” throughout which period there could proceed to be delays and difficulties processing transactions and syncing till the blockchain state has been totally debloated.
How will the EIP 150 laborious fork have an effect on contracts?
See following commentary: https://www.reddit.com/r/ethereum/feedback/57p0bv/a_quick_note_on_how_the_call_gas_cost_increase/
The place can I discover extra technical particulars on what the 2 new laborious forks will change within the protocol?
The respective modifications to Ethereum protocol are documented within the GitHub repository for Ethereum Enchancment Proposals
The next two EIPs describe the present plans for the upcoming laborious forks:
An enormous because of the Ethereum neighborhood for his or her persistence and understanding, and to all Ethereum builders throughout all shoppers and platforms who got here collectively to offer enter, ideas, and contributions to handle stopping the assaults and serving to to enhance the platform.