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Ethereum Gas Price Hard Fork

By

Brianne

Rivlin

WriterETHNews.com

Jeff Wilcke released a tweet that he’s begun to work on a gas price hard fork. What this means for Ethereum.

Following Devcon2 in Shanghai, the Ethereum network has fallen victim to a barrage of network attacks.

Ethereum’s Founder, Vitalik Buterin, addressed that the next step in dealing with these attacks would be to vote the gas limit above 1.5 million. In an effort to fix the DoS attacks, the Ethereum Foundation released a series of Geth wallet updates. In a taunting manner, the updated versions were given names like “Into the Woods”, “What else should we rewrite?”, and “Come at me bro”.

Recently, Ethereum Foundation Co-Founder Jeff Wilcke released a tweet that he’s begun to work on a gas price hard fork. Members of the community suddenly went into flashbacks of how divided the community became after the hard fork from the DAO attacks. 

Gas price has been consistently going down since last year, which means the attacker is spending less gas to get their attack across the network. The suggested gas price hard fork would be a minor update, because any time the base nature of the protocols behind the Ethereum network are changed, the product must be updated via a fork.

Wilcke is preparing to adjust the gas cost of some opcodes which means the instructions a contract executes will cost a different amount of gas. This should be a fairer price for the computational cost the instructions warrant.

The DAO fork in July was enacted to address a security vulnerability, this fork is to address contracts costing more than they should, which is considered a more positive thing for the technology and the community.

Brianne Rivlin

Brianne Rivlin has been writing within the internet field for over seven years. During the last few years, she has been heavily influenced by blockchain tech, virtual currencies, and Ethereum.

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