The difficulty bomb in Ethereum is expected to usher in a new era for the digital asset. Tim Beiko and James Hancock, Ethereum developers, proposed delaying the Ethereum Difficulty bomb until May 2022 in EIP-4345.
According to the developers’ proposal, Ethereum is expected to finish the Shanghai upgrade and/or the Merge by May 2022, so the difficulty bomb can be postponed until then.
However, the developers were still questioned as to “why not merge and cancel the Ice Age entirely,” to which Tim Beiko responded, ”
“Ideally, we should never’reach’ this difficulty bomb because we’ve already merged.” But, if we haven’t, I believe it’s preferable to have to push it back again.”
Despite the fact that there were alternatives such as:
1] Completely removing the bomb 2] repositioning the bomb *extremely* far back
Beiko stated that they were not persuaded to remove the bomb entirely because doing so would make it easier for the proof-of-work chain to continue operating and for scam forks to emerge. As a result, the team opted for the latter option of pushing the bomb back, which “is sort of equivalent to removing it in this context.”
Congestion and high transaction fees were not new to Ethereum, so the team had to intervene four times before proposing to diffuse and delay the bomb for the fifth time. Why?
Because the difficulty bomb is programmed to cause a network slowdown if its deadline is missed. As a result, the developers were forced to deploy EIP-649, EIP-1234, EIP-2387, and the final EIP-3554 in order to keep the block time in check. Given the current state of the Ethereum network, “even 0.1 sec more delay between blocks would greatly impact the user experience (transaction fees would likely skyrocket),” according to Jerome de Tychey, co-founder and president of Ethereum France.
Meanwhile, the developers have been testing the merge while hacknets have been operational for the past two days. Clients took part in testing the interoperability and eventually announced,
Ethereum 2.0 merge Interop devnet confirmed. Let's go! 🚀 pic.twitter.com/8vrpmOHYIl
— Ben Edgington ⟠ benjaminion.eth (@benjaminion_xyz) October 8, 2021
The EIP will have no effect on security, but it may have an impact on network usability.