Hard Fork – Billionaire365

SiaCoin (SC) Blockchain Upgrade Aims To Combat Centralization Of SC Mining

Yesterday, October 31st, Sia successfully implemented the v.1.3.7 upgrade on its network to the height of block 179,000. With it, Sia has blocked the ASIC equipment manufactured by Bitmain and Innosilicon from mining on its blockchain. The crypto exchanges Binance, Poloniex, Bittrex, and UPbit, have confirmed their support for this SiaCoin (SC) fork.

Sia team indicated on its Twitter account that Bittrex, Poloniex, Binance, and UPbit successfully installed the update. Other exchanges that have been shown in favor of this update are HitBTC, Lbank, Vebitcoin, Bitbns, and Okex. Users who own SiaCoin (SC) on these platforms will have access to the new blockchain.

The team will give flexibility to people who store their files on the Sia platform to upgrade to the new Sia network. However, all hosts who have not updated to the new version will no longer offer hosting services to users who have upgraded to the new Sia blockchain. For SiaCoin (SC) mining, Obelisk will enable a firmware update that will comply with the new algorithm that introduces this fork.

SiaCoin (SC) Blockchain Upgrade Aims To Combat Centralization Of SC Mining

In September, SiaCoin (SC) developer David Vorick announced the arrival of a hard fork in the Sia network to end Innosilicon’s monopoly on the hashrate. The fork established Obelisk as the only authorized ASIC miner for SiaCoin (SC).

However, the Sia blockchain v 1.3.7 upgrade caused controversy in the SiaCoin (SC) community, leading to the creation of two new projects from the previous network. The first of them was called SiaClassic which stated that “there should be no discrimination regarding the ASIC miners.” For SiaClassic, the main concern is the loss of thousands of US dollars in SiaCoin (SC) mining equipment.

For its part, the other resulting currency, SiaPrime, said that it could be mined by all miners, including Innosilicon, Halong and Bitmain. The developers of this cryptocurrency announced that its blockchain is already operational. According to CoinMarketCap, SiaCoin (SC) has registered only a 2.56% drop yesterday and official statistics indicated that in the last 24 hours the hashrate of the Sia network is 75.46 PH/s and the difficulty is 45.63 EH, lower than usual.

Anna Galvez

Ethereum (ETH) Constantinople Hard Fork Might Be Postponed For 2019

The next Ethereum (ETH) hard fork, the renowned Constantinople, could be postponed to 2019, due to operational problems in the test network. As reported by the Infura project through Twitter, there was a problem in the consensus mechanism of the Ropsten network, which made it obsolete, so the community of developers of Ethereum (EHT) is investigating what happened and make a call to use other systems for testing until further notice.

On October 13th, at the block height of 4,230,000, the protocol was activated in the Ropsten test network. However, then, there began to appear some faults. Next Friday, on October 19th, it was deliberated to postpone the implementation of Constantinople Ethereum (ETH) hard fork.

In the sector of crypto mining, the ASIC equipment is increasingly sophisticated and could put at risk the decentralization of blockchain networks, as some analysts indicate. Thus, the change of consensus mechanism in Ethereum (ETH) network seeks to test other models to validate the confirmation of transactions and make the process physically lighter, leaving the security of the network in the cryptographic and virtual environment.

Ethereum (ETH) Constantinople hard fork postponed for 2019

Platforms such as SIA have already announced updates to address the monopoly of crypto mining equipment of Innosilicon and Bitmain, although in this case there is no need to change the Proof of Work for another mechanism for blockchain validation, only to annul the competition they consider unfair.

Bitmain, primarily, has shown to have more power to control a part of the crypto mining equipment market and, therefore, they can give certain Ethereum (ETH) mining pools the ability to mine more and dominate the blockchain.

In turn, the Ethereum (ETH) network is designed as a platform that provides smart contracts, which, at least in theory, should be increasingly accessible by the user. The cost of ERC-20 tokens’ transactions, for example, is considered very high, an impediment to their wider adoption, and accessibility for users of customized cryptocurrencies.

Anna Galvez