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Ethereum's Split Pushed Back Until After Valentine's Day

Ethereum's Split Pushed Back Until After Valentine's Day

(Bloomberg) -- The developer group that helps manage the Ethereum cryptocurrency network said a delayed software update will now take place on Feb. 27.

The so-called fork will reduce rewards paid to miners to two coins from three per block, and it should reduce inflation and bring more stability to the Ether digital coin. The upgrade is designed to stave off the so-called difficulty bomb, which would make the network unusable unless regular software upgrades are made. The developer group made the comments on a conference call Friday.

Ethereum's Split Pushed Back Until After Valentine's Day

The upgrade, called Constantinople, had been postponed from earlier this week after a security researcher discovered a bug in the software that could let attackers steal funds.

To contact the reporter on this story: Olga Kharif in Portland at okharif@bloomberg.net

To contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave Liedtka, Brendan Walsh

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