Innovations in Ethereum

In this section we will cover some of the innovations in Ethereum. Ethereum is under constant development. Just like BIPs, we have Ethereum improvement proposals (EIPS) in Ethereum to suggest and implement improvements in Ethereum. You can track EIPs here: https://eips.ethereum.org. Now we will cover some important improvements.

Difficulty time bomb

In addition to timestamp difference-based difficulty adjustment, there is also another element that increases mining difficulty exponentially after every 100,000 blocks. This is the so-called difficulty time bomb, or ice age, introduced in the Ethereum network, which will make it very hard to mine on the Ethereum blockchain at some point in the future.

Once activated, over time, the difficulty bomb makes mining on Ethereum 1.x so prohibitively slow that it becomes infeasible, resulting in a so-called “ice age.” In other words, this mechanism exponentially increases the PoW mining difficulty...