Byzantium is a planned fork with minimum changes that sparkled little to no disagreement within the community.
Ethereum`s Byzantium upgrade is encountering no problems so far, according to developers.
The hard fork was executed at the beginning of this week. Ethereum, the second largest cryptocurrency by market cap, reportedly enacted a batch of ethereum improvement protocols (EIPs) designed to enhance the platform.
These changes were first introduced in the ethereum roadmap in 2015 under the name Metropolis, a large-scale upgrade that was broken up into two phases, Byzantium and Constantinople.
Byzantium is a planned fork with minimum changes that sparkled little to no disagreement within the community. It should be noted though that it is ethereum`s first major upgrade since ether prices skyrocketed at the start of this year.
As unofficial release manager for Byzantium Hudson Johnston told Coin Desk, the new software is now stable. He added that this can be attributed to “the hard work (of) developers, users and miners across the ethereum ecosystem.”
Speaking about etherum`s infrastructure, some blocks are being mined in 1 second, while others are taking almost a minute, which is longer than the average time of 25 seconds per block.
Before the fork developers and node operators encountered problems like continuous re-releases. The developers worked hard to correct software, whereas node operators had to install software updates.
Prior the fork, the price per dollar of ether dropped a little, but raised shortly after, reaching a monthly high of $350, according to information from Coin Market Cap. At the time of publication, the price is $478.
It seems like the recent fork hasn`t had a negative effect on ether`s price. On the contrary, it is currently raising.