30 December, 2019 | AtoZ Markets – The world is preparing to celebrate the New Year soon. Ethereum Hard Fork has set 1 January 2020, as the date for its long-awaited hard fork, the Muir Glacier.
The Istanbul hard fork took place a few weeks ago, had failed to diffuse the “difficulty bomb.” And many expect the Muir glacier to carry out this task now. Moreover, the hard fork has not yet received the support of major exchanges, infrastructure providers and even mining pools.
Japanese Exchange SBI VC Trade will Support the Hard Fork
However, the Japanese virtual exchange service provider and an SBI subsidiary, SBI VC trade, will support the hard fork. It informed its customers that the planned hard fork would last until 3 January 2020. And it should reach a block height of 9,200,000. It also warned users against entering and leaving the hard fork with ETH. The announcement added:
“If we receive ETH during this period, we may not be able to confirm it correctly due to blockchain stability issues. In this case, please note that we cannot respond at all.”
Glad that everyone is ready for the #Ethereum hard-fork on New Year’s Day. ? pic.twitter.com/UNWiacA6MQ
— samson.btc (@Excellion) December 29, 2019
If anything goes incorrect with the hard fork, it will be the worst day of the year for recovery. However, 1 January would be relatively inactive for the crypto markets. But updating a node may not be on everyone’s New Year’s resolutions list.
Read More: Apple to Remove Coinbase Mobile Browser App from iOS Store
Ether Nodes Data
According to the data provided by the ether nodes, there are 15,142 blocks left, before reaching a block height of 9,200,000. The data also pointed out that 66.9% of the nodes are ready with all the necessary changes.
The only two crypto-exchanges marked as ready for the Muir Glacier, at press time, were Bittrex and Bitso. On the other hand, major exchanges like Binance, Coinbase, Kraken, Bithumb, Huobi, and Gemini seem not to be ready. Similarly, out of a list of 10 infrastructure providers, six appear to be in the green, while the other four are still awaiting confirmation.
The move to ETH 2.0 remains uncertain, and questions remain as to the preservation of the initial chain. That could eventually continue as a shard. Ethereum nodes no longer have the entire distributed ledger, which is only available on a limited number of “archive nodes”.
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