Ethereum’s network is ready for its next upgrade, one which is scheduled at block number 13,773,000. Developers and investors are keeping a close eye on the network in light of the fact that POS Merge on the mainnet is fast approaching.
Tim Beiko, chair of all core devs at the Ethereum Foundation, stated that the Arrow Glacier upgrade is projected to take place on Wednesday, 8 December 2021.
Beiko explained that the Arrow Glacier network upgrade changes the parameters of the Ice Age/Difficulty Bomb and requires node upgrade by 5 December.
Failure to update to the latest version by the said deadline will sync the old client to the pre-fork blockchain. This essentially means that old protocols will no longer support Ether transactions on the new Ethereum network.
According to the Ethereum developer, users with centralized exchanges and web wallet services are not required to make any changes at this point. But, they need to take additional steps if their provider specifies so.
Keeping this event in mind, the date of the EIP-4345 Difficulty Bomb was pushed up. It was scheduled to go off in December 2021, then pushed to May 2022. At the moment, it is scheduled for June 2022.
Source: Ethereum Cat Herders
The Bomb will “exponentially raise the difficulty level, making it difficult for miners to keep up with the increased…