Ethereum Ice Age May be Imminent If Miners Withdraw From Network
Ethereum Ice Age May be Imminent If Miners Withdraw From Network
The block difficulty began to grow back in November 2016. Since then, developers have been constantly forced to carry out hard forks to keep the network up until the transition to a proof-of-stake algorithm takes place.
In the lead-up to the Istanbul upgrade, implemented on Dec. 8, the Ethereum team decided again to postpone the explosion of a so-called “difficulty bomb,” which some believe may lead to the onset of an Ice Age. How can this happen and what would be the consequences if the Ethereum network froze?
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Source: investing.com
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