Ethereum's core developers (ETH) decided their normal meeting on YouTube on August 31 to delay the "Difficulty Bomb" by agreeing to include the code for such a change in the upcoming Constant Fork of Constantinople.
One of the main objectives of the Ethereum Foundation is to adopt a new consensus algorithm – Proof-of-Stake (PoS). To implement it, developers have found a solution called "Difficulty Bomb", which makes the production of new blocks more complex and unfavorable. Constantinople is designed to facilitate the transition from a Proof of Work (PoW) to PoS consent algorithm.
Last week, developers offered three possible scenarios for the impact of the "Difficulty Bomb" on reducing and maintaining block premiums. According to the developers, EIP-858 would reduce block premiums to 1 ETH per block, EIP-1234 would reduce block premiums to 2 ETHs, while EIP-1295 would hold premiums to 3 ETHs but will affect other factors such as the PoW incentive structure.
For a GitHub post, developers decided to accept the EIP-1234 scenario. It has been proposed to delay the "Bomb of Difficulties" for about 12 months, so the chain would return to the 30-second block in the winter of 2019, and reduce the blocking premiums with the fork of Constantinople. The summary of the discussion reads:
"Starting from` CNSTNTNPL_FORK_BLKNUM` the client will calculate the difficulty based on a false block number suggesting to the client that the difficulty bomb is settling around 5 million blocks later than previously specified with the Homestead fork.In addition, the blocking premiums will be adjusted to a 2 ETH basis, the prizes of uncle and nephew will be adjusted accordingly. "
At the time of printing, the ETH is traded around $ 283, down 0.48% on the day and up to 1.39 compared to the last week. Altcoin has hardly understood the recent news that the Chicago Board Options Exchange planned to launch future ETHs by the end of 2018.