Ethereum: What is Ntime Rolling/Nonce Range?
Ethereum, the Second -Largest cryptocurrency by market capitalization, has recently introduced a significant Improvement to its consensus algorithm – ntime rolling and nonce range. This
What are nonces?
Cryptocurrencies like Ethereum, Miners compete to solve complex mathematical puzzles to validate transactions on the blockchain. “Nonce”
What are ntime rolling?
Ntime rolling refers to a new consensus algorithm developed by Ethereum, which replaces traditional proof-of-work (POW). This algorithm allows miners to submit blocks (transactions) without the need for nonce generation. Instead, the number of blocks (nonce range) is determined dynamically based on the current block height and difficulty.
What does Ntime Rolling Equipment?
Ntime Rolling Offers Several Benefits:
1.
- Reduced Energy Consumption :
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Miners Who Support Ntime Rolling
Not all miners currently support ntime rolling, as it requires significant changes to their mining equipment and software. However, several mining pools have announced their support for this new consensus algorithm, including:
- Slush Pool
- F2pool
- Antpool
Update Instructions for Miners
To update your pool to support ntime rolling, follow these steps:
1.
- Update your mining software
:
While ntime rolling offers, Therefore, it’s crucial for these miners to update their equipment and software before switching to ntime rolling.
The Ethereum Network is still transitioning to ntime rolling, However, as more miners adopt ntime rolling, these issues are expected to resolve themselves over time.