Categories: CryptoNews

First Part of Ethereum’s Metropolis Hard Fork to Hit Ropsten Testnet Next Week

A lot of big things will be happening in the Ethereum ecosystem over the next few months. The first part of the Ethereum Metropolis hard fork is scheduled to be launched in the near future. In fact, it appears the hard fork may arrive on the Ropsten testnet as early as next week. This seems to indicate the private testing of this scalability solution is going according to plan.

Metropolis Development is Moving Forward

The Ethereum community is quite interested in the upcoming Metropolis hard fork. As we mentioned before, there will be two parts to Metropolis, with the first part of these changes going through the final touch-ups and private testing as we speak. However, it seems things are going quite well in this regard, considering the developers hinted at how these changes may arrive on the Ropsten public testnet in the next week or so. This means things are advancing nicely.

These major software updates will pave the way for a better and improved Ethereum ecosystem as a whole. Solving some of the scalability issues is one of the main selling points of Metropolis, although that only represents a portion of the work put in by developers in recent months. Metropolis also includes a few Ethereum Improvement Proposals which will finally go into effect as well.

Some of the more noteworthy changes include parallel transaction processing, fixing block rewards for uncle blocks, and delaying the difficulty bomb. This latter aspect is one of the main selling points of the Metropolis hard fork right now, as it indicates that people will still be able to mine Ethereum for quite some time to come. However, the block reward will be reduced accordingly, dropping from 5 ETH to 3 ETH.

Related Post

With the first leg of the Metropolis hard fork potentially coming to the Ropsten testnet in the next week or so, things are shifting into a higher gear. It shows that the developers have made significant progress in this regard over the past few weeks. Once more people can actively test this part of the hard fork, the team can gather more valuable feedback and make adjustments or improvements accordingly.

It is still unclear how long the Metropolis hard fork will be made available on the Ropsten testnet. In most cases, this would be anywhere from a few weeks to several months. However, the current plan is to introduce this first part of the hard fork in the next few weeks, which means time will be of the essence. Considering that the original plan called for activating the hard fork at the end of this month, there is not too much time left to bring this concept to fruition.

Things are looking quite good for the Ethereum ecosystem right now. This two-pronged hard fork will introduce a lot of positive changes which are direly needed. Improving scalability, delaying the difficulty bomb with reduced mining rewards, and paving the way for better drops are all important aspects of Metropolis. The code should hit the testnet once the network reaches block 1,700,000. It is an interesting development well worth keeping an eye on.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Ripple’s RLUSD Goes Live in Türkiye, Hits $1.7 Billion Market Cap

Ripple is not pausing for breath. The company has brought its dollar-pegged stablecoin, $RLUSD, to…

1 hour ago

Bitwise Launches Its First Tokenized Fund With $259M in Assets and 4% Annual Yield

Bitwise Asset Management has just made its first move into tokenized funds, and it comes…

23 hours ago

Binance Launches US Stocks and ETFs Trading for Non-US Users With Zero Commission

Binance just made a move that blurs the line between crypto exchange and traditional brokerage…

1 day ago

NEAR Protocol Ships Confidential Payments, Crosses $19B in Intents Volume, and Partners With Bermuda Government

NEAR Protocol has had a month that most blockchain projects would stretch across an entire…

2 days ago

Chainlink Records 7 New Integrations Across 6 Services and 4 Chains

Something is becoming increasingly clear about Chainlink, the integrations are not slowing down. The protocol…

2 days ago

Circle Freezes $12.6 Million in Zama’s Confidential USDC Contract on Ethereum

Blockchain investigator ZachXBT has flagged a major stablecoin freeze that is sending shockwaves through the…

3 days ago