What does the Gray Glacier upgrade mean for the Ethereum Merge?

MThe Ethereum web is scheduled to acquisition the Gray Glacier upgrade astatine a artifact tallness of 15,050,000 — expected to hap connected June 30 astatine astir 11:00 BST.

During this time, exchanges volition temporarily halt Ethereum and immoderate ERC-20 services for a abbreviated period, including deposits and withdrawals. Holders should consult their speech for circumstantial outages.

What is Ethereum Gray Glacier?

The Ethereum Gray Glacier upgrade is simply a captious constituent successful moving to ETH 2.0 Proof-of-Stake (PoS). It relates to delaying the Difficulty Bomb for an further 700,000 blocks, meaning it won’t detonate until astir October 2022.

“The Gray Glacier web upgrade changes the parameters of the Ice Age/Difficulty Bomb, pushing it backmost by 700,000 blocks, oregon astir 100 days.”

Node operators and miners volition request to upgrade to the latest lawsuit list. Failure to upgrade volition mean being stuck connected the aged pre-fork concatenation that volition not enactment operations connected the recently upgraded network. Holders are not required to instrumentality enactment unless instructed.

The Difficulty Bomb/Ice Age

The Difficulty Bomb increases mining trouble exponentially implicit clip until specified clip that the Ice Age occurs. The web volition go truthful hard to excavation astatine this constituent that it volition cease producing blocks.

“Ethereum’s “Difficulty Bomb” refers to a mechanics that, astatine a predefined artifact number, increases the trouble level of puzzles successful the Proof of Work mining algorithm resulting successful longer than mean artifact times (and frankincense little ETH rewards for miners).”

Its intent is to unit miners to gradually halt mining the Ethereum 1.0 Proof-of-Work (PoW) concatenation arsenic the web moves to the updated PoS.

This process needs to beryllium coordinated with the Merge mainnet rollout, successful which the PoW and PoS chains volition merge to go 1 chain.

Delaying the Difficulty Bomb signifies that devs are not acceptable for the Merge and indispensable postpone the Difficulty Bomb going off. Otherwise, the web volition go unminable earlier ETH 2.0 is ready. Devs had antecedently delayed the Difficulty Bomb to December 2021.

Constant delays to ETH 2.0, successful general, person taken their toll. One Twitter user commented that holders are aggravated and frustrated implicit continual setbacks.

“Most of what I spot beneath the comments is anger, complaints and abuse, which shows the heavy anticipation and hatred of the marketplace for the ETH merger, postponed again and again,“

Another called for a “restructure” of the team, calling the delays disrespectful to the ETH community.

The station What does the Gray Glacier upgrade mean for the Ethereum Merge? appeared archetypal connected CryptoSlate.