Berlin canceled? When will Ethereum update take place?
The well-known Ethereum cryptocurrency platform is gradually preparing for the transition to the second phase of the project. However, before such a fundamental innovation, the project still needs to preparing. That is why the developers are planning several updates. One of them should take place this summer. However, according to new developers, the innovation “Berlin” still needs to be further developed. So Berlin is tolerated. Next, we will tell you when the launch of Berlin will take place and what this update will bring to the system the second cryptocurrency in the industry. So read carefully. Let’s get started.
A bit about the reasons for the delay
At the last online conference, developers said that Berlin is being ported. At least for a month. That is, it is definitely not worth waiting for the launch of the innovation in July, most likely we will see Berlin in August 2020. The reason for the delays is the inability of the company to guarantee stable operation of the site with a high influx of users. Ethereum fears that a large number of customers will overload the project and the platform will stop working. The fact is that now most of the users use Geth terminals through which all transactions occur, including mining and money transfers.
On average, this solution processes about 79% of transfers, so Ethereum cannot allow the failure of this fundamental component of the system. The creators of Berlin will have to optimize their own platform in order to guarantee proper functioning even with a huge audience flow.
Geth is planned to be used in the second part of Ethereum. So current developments will make the next phase of ETH more stable, more productive. It is noteworthy that third-party developers working with Ethereum agreed to wait for the update. A large audience of the project independently develops the platform, releasing new digital solutions in a variety of programming languages, from Java to Python. This is a close-knit team making money on one product.
What does Berlin offer?
Now, having discussed the reasons for the delay and finding out about when to expect the update to start, we can address specific solutions:
- ProgPow. If you are mining, then you know that large companies are gradually developing cryptocurrency mining and monopolizing this market. To obtain huge capital, enterprises buy ASIC equipment, with which it turns out to accelerate the work compared to ordinary users. But now ETH will work more efficiently with video cards, this is necessary to maintain competition even after the release of the second version of the coin;
- Commissions will become less. The company may no longer collect commissions. Of course, it’s quite difficult to immediately note the duties, but the company is actively moving in this direction. Berlin will significantly reduce commissions;
- The Ethereum virtual machine will enhance the entire ecosystem of the project to improve the user experience. It remains only to wait for Berlin;