June 5, 2023

Ethereum Network Upgrades Muir Glacier

Ethereum Network Upgrades Muir Glacier

On January 2, the Ethereum network hosted a hard fork of Muir Glacier. The aim of the update is to delay the “complexity bomb” yet 4 million blocks.

Muir Glacier hard fork just happeneda month after updating Istanbul. The update was activated on block 9,200,000, which was mined by the Spark Pool. The upgrade contains only one proposal for improving the network, namely the delay of the bomb of complexity by 4 million blocks (~ 611 days).

A complexity bomb is a mechanism that graduallyincreases the difficulty of creating new blocks. The Ethereum Roadmap states that the complexity bomb is another step in moving the network to proof-of-stake.

It is worth noting that most exchanges are still notsupports update. Two days ago, readiness for hard fork was announced by Binance, but exchanges like Coinbase, Bithumb, Bitfinex have not yet announced Muir Glacier support.

In addition, according to Ethernodes, at the moment, about 80% of the active nodes in the network are ready to work with Muir Glacier, and the nethermind client is still having difficulty upgrading.

According to the materials cointelegraph.com