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Why did the mainnet upgrade plummet? (What is the mainnet?)

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Why did the mainnet upgrade plummet? Editor\’s Note: This article is from BlockB

Why did the mainnet upgrade plummet? (What is the mainnet?)

Why did the mainnet upgrade plummet? Editor’s Note: This article is from BlockBeats (ID: blockbeats), author: 0x29, authorized reposting from Odaily Star Daily.

On November 6, 2018, one month after the upgrade of the EOS mainnet, a large-scale network hard fork event occurred on the Ethereum network-Ethash hard fork (ETC hard fork). At that time, due to the optimization of the consensus mechanism and schedule, the nodes were able to start new blockchain operating systems, and this version was also named Eth1.8.0.

However, after this upgrade, the number of transactions on the Ethereum blockchain suddenly dropped significantly, from 100,000 to 200,000. Although these numbers seem impressive, they seem to be related to the Constantinople hash attack in December last year. According to data from ETHGasStation, in the first quarter of 2019, the total number of transfers on the Ethereum chain soared to about 200 million times; a year ago, there were records of over 400 million validators submitting new smart contract addresses. This caused users to suffer heavy losses.

To solve this problem, the Eth1 client team decided earlier today to vote on whether to implement the Difficulty Bomb (DAA), as the Difficulty Bomb will affect the entire blockchain network.

If miners do not have enough resources to deal with this vulnerability and continue their proof-of-work mining activities, it will cause network congestion. The current average block generation time on the testnet is about 15 seconds, and this situation is expected to reoccur in the next two weeks or longer.

Therefore, “referendum + delay + pause” has always been a hot topic, but in early May of this year, the community once initiated a proposal requesting the Ethereum Foundation to make its EIP1559 protocol a key part of its roadmap. Now developers are considering adding EIP-2929, Geth-gethv0.11.0 and other features in several steps in their roadmap, while also being compatible with other updates of Ethereum 2.0, such as Ropsten-rc.3 and Goerli-goerli gas fee adjustment plan.

Nevertheless, after a period of waiting, the performance of Ethereum is still limited. For example, the launch of Ethereum 2.0 on the mainnet requires a large amount of energy, so many people choose to abandon it and even shut it down within a few hours.

Of course, this is normal market behavior, and it is not surprising when we see this situation.

However, there is also a saying that even if the upgrade is successful, the network will quickly recover and stabilize. However, it is still a bit uncomfortable for those who try to keep the underlying blockchain architecture unchanged, especially why did the mainnet upgrade plummet recently?

What is the mainnet

According to coincryptorama news, the concept of “mainnet” for Bitcoin was first proposed by computer scientist Nicholas Krugman in 2014. At that time, he was called the father of Bitcoin, and people believed that Bitcoin was a system, a peer-to-peer mechanism that is the most commonly used form in the network. “Mainnet launch” refers to the consensus process before applying blockchain technology to various aspects of the real world. With the continuous advancement of technology and its increasingly wide range of applications, we need a new and more decentralized infrastructure to support the development and growth of this network.

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