Ethereum: What is NTime Rolling/Nonce Range? And Who Are the Miners That Support It?

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Ethereum: What is NTime Rolling/Nonce Range?

Ethereum, the second largest cryptocurrency by market cap, recently introduced a major improvement to its consensus algorithm – NTime rolling and nonce range. This improvement aims to provide better performance, energy efficiency, and security for miners using it.

What are nonces?

In traditional proof-of-work (PoW) cryptocurrencies like Ethereum, miners compete to solve complex mathematical puzzles to confirm transactions on the blockchain. A “nonce” is a random number generated by a miner to try to solve these puzzles before another miner finds one that solves them more efficiently than the others.

What is NTime Rolling?

NTime rolling refers to a new consensus algorithm developed by Ethereum that replaces the traditional proof-of-work (PoW). This algorithm allows miners to send blocks (transactions) without generating a nonce. Instead, the number of blocks (not the range) is dynamically determined based on the current block height and difficulty.

What does NTime Rolling offer?

NTime Rolling offers several benefits by eliminating the need to generate nonce generations:

• Improved performance: With fewer computational resources required to solve complex mathematical problems, miners can complete transactions faster.

• Lower power consumption

  

  : Lower power consumption is due to fewer one-time attempts required to confirm transactions.

• Better security: By reducing the reliance on one-time generation, the algorithm is more robust against exploits and attacks.

Miners supporting Ntime Rolling

Not all miners currently support NTime Rolling, as it requires significant changes to their mining hardware and software. However, several major mining pools have announced their support for this new consensus algorithm, including:

• Slush Pool

• F2Pool

• Antpool

Upgrade Instructions for Miners

To upgrade your pool to support NTime rolling, follow these steps:

• Check your pool documentation: Please check your pool documentation or contact your customer support team for specific instructions.

• Update your mining software

  : Make sure your mining software supports NTime rolling and has the necessary updates installed.

While NTime rolling offers many benefits, it is important to note that this new consensus algorithm may negatively impact older miners who rely on traditional proof-of-work (PoW) algorithms. Therefore, it is very important for these miners to update their hardware and software before migrating to NTime rolling.

For now, the Ethereum network is still transitioning to NTime rolling, which means that there may be initial fluctuations in block rewards and transaction fees due to this change. However, as more miners adopt NTime rolling, these issues are expected to resolve themselves over time.