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The core developers of Ethereum (ETH) have agreed to launch the long-awaited hard fork of Constantinople to block 7.080.000, as decided in a bi-weekly developer meeting on Friday 7 December.
The new agreement follows the previous decision to delay the Constantinople fork by the end of January 2019 due to a "consensus problem" that occurred during the update test on Ropsten testnet in October.
Given the ETH block time in print time of 14.3 seconds, and the number of remaining blocks of about 234.431, the Constantinople update is likely to become active in about 38 days from the time of printing, or around 14 January 2019, according to data from the etereum blockchain Etherscan explorer.
The last block of Ethereum and the block at the time of printing. Source: Etherscan
The upcoming rigid fork of Constantinople includes five distinct proposals for improvement of the etereum (EIP) in order to mitigate the transition from the working test (PoW) to a more efficient probabilistic consent algorithm (PoS) from the point of energy view.
Once activated, the update should fundamentally change the Ethereum blockchain, with the update of the synchronous nodes to the whole system.
Ethereum is a public open-source blockchain platform with smart contracts and its Ether cryptocurrency. Launched on July 30, 2015, Ethereum is now the third largest cryptocurrency for market capitalization at around $ 9.7 billion and is trading at $ 95.88 at the time of printing, according to CoinMarketCap data.
Recently, the co-founder of Ethereum Vitalik Buterin has obtained an honorary doctorate from the oldest university in Switzerland, the University of Basel, for "outstanding results in the fields of cryptocurrencies, smart contracts and the design of institutions".
In November, analysts at Northeastern University and the University of Maryland said that the alleged lack of diversity in Ethereum's smart contracts threatens the entire ecosystem of the Ethereum blockchain.
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