Picture Source cointelegraph.com
Byzantium the first part of Metropolis upgrade has officially launched on test net the simulated hard Fork executed this morning on Ropsten, the etherium testing environment will be running the next few weeks troubleshooting before the fork occurs on the main blockchain. During the testing. Involving trial of the nine is there an improvement protocols to be introduced in the Byzantium hard Fork which will increase functionality of the network while minimizing potential exploits also Paving the way novel cryptography on ethereum platform. According to the co-founder out of ethereum Vitalik Buterin the purpose of executing the hard Fork is to provide more efficient secure and robust infrastructure for decentralization applications (dapps) the long-awaited upgrade is needed four etherium not work to support all the incoming large-scale dapps in the years to come setting up the foundation to support all incoming large-scale multibillion-dollar financial institution and Fortune 500 companies. The foundation will continue to improve the core protocol of ethereum as companies and users develop and explore additional uses. The flexibility of etherium at work would allow large blockchain applications to be tested in various Industries platforms for gaming and other data intensive applications in the future where security is an important aspect. Ethereum last week took a big hit like the rest of the markets recovering Monday posting the highest gains among the top six cryptocurrencies during Monday's market-wide recovery the price of ethereum bounced back to $286.18 rally comes as etherium prepares to begin deploying its Metropolis protocol upgrade.
Reaching back to 28 billion dollars total market cap also yesterday breaking $300. Here is a video explaining the hard Fork Metropolis.
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