The developers of the cryptocurrency Ethereum (ETH) decided to postpone the activation of the complexity bomb on the blockchain for several months.
The programmers originally planned to “detonate” the bomb in June to increase the complexity of ETH mining. However, Ethereum Foundation employee Tim Beiko reported that the network update has been postponed:
The idea arose to combine the bomb’s activation with the release of the client for the Bellatrix hardforward in the Beacon Chain blockchain. Everyone seemed to agree to postpone the bomb activation for 2-4 months.
Postponing the upgrade to a shorter timeframe doesn’t make sense, no one thinks we’ll need more time.
On May 20, Ethereum creator Vitalik Buterin said that the blockchain’s transition to the PoS consensus protocol as part of The Merge upgrade will take place between August and October 2022. Therefore, it is likely that the bomb will be activated at the same time as the implementation of the network update.
According to Beiko, within five months of the bomb’s activation, block addition time will increase by 487% to 78 seconds. In this case, ETH mining will cease to be profitable and miners will be forced to curtail their activities.