Categories: EducationFAQViral

What is Ethereum’s Metropolis Hard Fork?

People active in the world of Ethereum are quite excited about the technology powering this ecosystem. The developers are working on the next milestone release for Ethereum, which goes by the name of Metropolis. It is time we take a closer look at what Metropolis brings to the table and how it will shake up the Ethereum world as a whole.

Metropolis Is The Next Ethereum Hard Fork

Although Ethereum does not have the best of track records when it comes to hard forks, the developers are quite optimistic about Metropolis. This milestone has been on the development roadmap for quite some time now, yet the project has had to be pushed back due to The DAO hack. Metropolis will offer some significant improvements to the Ethereum ecosystem, which can only be seen as a good thing.

First of all, the Ethereum protocol will be simplified, allowing novice users to get a more hands-on approach with this technology. It will also become possible for recipients to pay the gas cost for transactions, rather than only the sender. Plus, anonymization will be improved slightly, thanks to this change in the gas payment structure.

Light clients are an integral part of any cryptocurrency ecosystem. Not all users want to run a full wallet, some prefer a solution that synchronizes with the blockchain immediately. Metropolis will make light clients more secure, or at least try to do so once the hard fork goes live. A more than welcome change that will be appreciated by many Ethereum enthusiasts.

Related Post

A lot more technical features will be implemented as well, although it remains a bit unclear as to how many of these upgrades will make it to the Metropolis release. Smaller updates can be added to the protocol at a later stage, as the ones requiring the hard fork are the top priority right now. Having the most important features in place will be the goal for the Metropolis development team, although no one is entirely sure when this hard fork will be implemented.

It is evident Metropolis will bring some aspects to Ethereum the community has requested for a while now. Addressing scalability, safety, and privacy are of the utmost priority for the Metropolis team, that much is certain. Enforcing better privacy protection through zk-SNARKs is quite an intriguing development as well. Moreover, the Ethereum developers are working together with the ZCash team to implement zero-knowledge proofs in the future.

On the scalability front, Metropolis will seemingly herald the introduction of proof-of-stake consensus. That is, assuming the proof-of-work mining difficulty bomb can be addressed by the developers. This particular feature makes it impossible to mine transactions over time, effectively forcing the switch to a new algorithm. However, due to The DAO hard fork

implementation, this time bomb is ticking a lot faster than originally planned. All of this makes the switch to Metropolis even more important than before.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

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

Why These Are the Top New Meme Coins to Buy This Weekend: BTFD Coin Raises the Bar With Big50, Bonk Rising Steadily, Dogwifhat in the Green

Back in the economic slump of 1973, some savvy investors took a bold approach—buying the…

2 hours ago

Surprise Hit: DEBO Joins the Ranks of the Best Crypto to Buy Now for Explosive Gains!

As 2025 kicks off, the crypto presale market is buzzing with new meme coins ready…

3 hours ago

Best Crypto Presale: Top 7 Coin Presales Set to Deliver Massive Gains as 2025 Kicks Off

Can you overlook the most successful crypto presales of the year that can potentially transform…

3 hours ago

Institutional Investor Accumulates $AI16Z, Reaps Over $6.99 Million In Profits

Over the past month, a prominent institutional investor, often referred to as "smart money," has…

6 hours ago

Ethereum Whales Dominate Supply As Key Price Levels Shape Market Outlook

A new analysis reveals a staggering concentration of Ethereum holdings, with just 104 whale addresses…

6 hours ago

Altcoins Rally Amid Bitcoin’s Decline, Accumulation Remains Strong

Tuesday saw a significant breakout in the altcoin market, even as Bitcoin briefly dipped to…

6 hours ago