It is reported that the difficulty bomb became unpredictable due to a coding defect, and a hard fork called the Muir Glacier is scheduled to take place in January. Everyone working with Ethereum is concerned by such a big problem of this cryptocurrency. Even if, today, there are also many other good platforms to develop smart contracts. For this reasons there is also the possibility that this platform may be abandoned by a lot of users. The foundation is trying to avoid such a scenario.
The difficulty bomb is a mechanism that helps adjusting changes in the Ethereum network. What happens in practice? What happens actually is that the difficulty of mining and therefore the times for blocks start to increase more and more every two weeks.
This will lead to the extraction profits decrease more and more towards zero and the times for blocks to become so slow that the network eventually freezes and all smart contracts with it.
It is a very big problem for Ethereum and must be fixed. The developers of the foundation are working hard in order to resolve.
A hard fork is therefore required to restore the Ethereum’s network to normal behavior before the entire system gets paralyzed.
Actually block times changed from 13 to 17 seconds. In next February they may become over 32 seconds if nothing would be applied to the system. So the fork is strongly necessary.
However, the hard fork should (and must) arrive in January, and it will be done with the goal of delaying the difficulty bomb at least for several years and this will give the necessary time for developers to correct the difficulty bomb of to eliminate it from the code. This situation does not give a good image of stability to Ethereum environment at all.