ETH Developer Proposes Solution To Remove The Ethereum Difficulty Bomb


Remember, the widely talked about Ethereum Difficulty bomb? Well, one coder has come up with a solution that will not require successive forks to keep delaying it. The new proposal, registered under EIP 2125, offers a new system to freeze the difficulty increases while incentivizing the miners to keep mining on the block – “the Difficulty Freeze”.

EIP2125: The Difficulty Freeze solution

In the Ethereum mining process, a difficulty block is defined as the increasing difficulty in mining on the network causing an inflated time to produce one block. Ethereum’s Difficulty bomb is a problem that has impacted mining on the ETH chain for a while now. Developers and the community alike, have been on the edge to offer a permanent solution for the problem but to no avail.

Developers have periodically carried out forks to delay the difficulty bombs but one developer has come up with a better proposal; the Difficulty Freeze.

According to a tweet sent out on Feb. 13 by James Hancock, who came up with the idea, asking the community on a way forward to deal with the Difficulty Bomb, an overwhelming majority of the community chose to “improve the design” rather than “remove” the Difficulty Bomb.

Well, the difficulty bomb offers its own advantages by allowing clients to upgrade their systems hence not stalling the progress of development and removing it would impact incentives of reward changes. That said, Hancock’s Difficulty Freeze is set to solve this issues without getting rid of the Bomb.

According to his proposal, the freeze will incentivize developers to regularly upgrade their systems if implemented, forcing every chain split to follow through with the Difficulty freeze. He writes,

“The Difficulty Freeze begins at a certain block height, determined in advance, and freezes the difficulty. This does not stop the chain, but it incentivizes devs to upgrade at a regular cadence and requires any chain split to address the difficulty freeze.”

While the Muir Glacier hard fork, completed in early January, was successful, the community criticized the developers for once again delaying a solution to the Difficulty Bomb. If the EIP 2125 process is adopted, Ethereum’s key problem may be solved before the community welcomes Ethereum 2.0 proof of stake mechanism.

Ethereum (ETH) Live Price

1 ETH/USD =$3,399.0022 change ~ -2.85%

Coin Market Cap

$393.5 Billion

24 Hour Volume

$18.85 Billion

24 Hour VWAP

$3.5 K

24 Hour Change

$-96.91

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide