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It is no secret that the community of Ethereum (ETH) was
preparation for the hard gallows of Constantinople. This update will be the
next step on a path that will leave the mining sector behind. At a block of 7,080,000
height, the update of Ethereum Constantinople will actually change the rules
for the consent of the networks. The long-awaited
The update is scheduled for January 14 and January 18.
Hard forks are generally system-level upgrades that are intended
be harmless even if it becomes the cause
or the result of some fighting inside the crypto community. The most famous fork ever for the
Ethereum Blockchain occurred after the DAO hack. A time when most of
the digital goods community has been rewound
transaction history for recovery
the funds compromised to the original owners.
What is the update of Constantinople?
The update of Constantinople
is "designed to ensure that overall security, functionality and
scalability, they have improved. This will be achieved by addressing the technical key
points within the network code. "The upgrade consists of five different EIPs
(Proposals for improvement of Ethereum), which "describes the standards for Ethereum
(ETH), including specifications of the main protocol, contract
standards and client APIs.
The upgrade will make it easier to transition from
Proof of Work (PoW) consent algorithm to the Proof of Stake (PoS) model.
Constantinople presents numerous small but highly technical improvements. These improvements to the
The Ethereum protocol is designed to enhance overall functionality and scalability
and security, of the largest intelligent contracting platform. The update will also be
include changes to the economic policy of Ethereum (ETH) by cutting the block
reward and take away the "Difficulty Bomb".
How the ProgPoW will work until the start of the stakeout
On the way to move to a PoS model, the developers of Ethereum
they decided to implement the programmatic work test (ProgPow). The ProgPoW
is an alternative to the PoW consensus algorithm designed to bring the
the performance gap of the ASIC and GPU mining facilities is closer.
Many members of the Ethereum community (ETH) are interested
about the mining domination ASIC on Ethereum as the sum of ASIC on the
the platform has steadily increased. According to stakeholders, if this
continue, there is the risk that energy can be
consolidated between the mining platforms.
ProgPoW would eliminate the specialized ASIC improvement ratio, making it unsustainable
invest. ProgPoW is an "ASIC-resistant" model that works to be safe
from that mining power is not centralized by
only a few players in space.
Ethereum Price (ETH) today – ETH / USD
What ETH token is getting that looks like it is getting
To update?
The next big thing after the Ethereum Constantinople update
is the Casper update when Ethereum
the holders will have the opportunity to bet their coins. So, unlike the
extraction of blocks, the participants in the network will instead be rewarded for their detention
Ether is running a node for a specific period
of time. Furthermore, stakers
will be randomly chosen by a large section of token holders and will earn rewards proportional to the total number of
ETH tokens are in possession.
About those who need to upgrade, since it's a tough one
fork, the computer chain that uses the Ethereum (ETH) software needs to be updated
or continue to operate independently. All
throughout the Ethereum (ETH) the updating of Constantinople remains a fundamental update for
normal users and developers on the network.
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