Ether Fork Coming Oct. 16th

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Another Fork is on it’s way for both Ether, and Bitcoin, with Ether’s just a few days away. The likelihood of a new coin being spawned from the fork is unlikely, and it is expected that all users and clients will update on the fly at block 437000 when the fork occurs.

Part of the reason for the fork is to provide a faster block minting time, whereby the code was reduced from 5 ETh to 3ETh during the mining rewards to compensate for the increased transaction time.

While Ether is already way fast than Bitcoin there is often some complications about how much gas to apply to a transaction, and perhaps this new model will alleviate some of the tension about gaseousness.

For more information, check out some of these articles:

https://www.coindesk.com/byzantium-countdown-whats-left-ethereums-next-fork/

https://hacked.com/ethereums-hard-fork-coming/

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