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Proclaimed world-wide computer and renowned intelligent contract cryptocurrency Ethereum He could see the hard fork of Constantinople happen as early as January 16, 2019. The update of Constantinople was previously delayed after the developers have found some bugs on the testnet platform.
However, after further testing and development, a new update schedule was proposed at a recent Ethereum core developer meeting. As noted in the minutes of the meeting Github, 2 dates were suggested for the fork, January 12th or January 16th.
While these dates have been mentioned, they are simply a suggestion and are not carved in stone.
Péter Szilágyi, a principal developer of Ethereum, said:
We can only say in mid-January, it does not make a difference if we decide an appointment or not. We can always postpone.
Therefore, while we have a new date to watch, it could be further delayed. The developers mentioned earlier that, should additional problems arise, they will further extend the date of the rigid fork.
Thoughts of the developers of Ethereum on the updating of Constantinople
During the developer meeting, independent independent developer Lane Rettig continued to explain his research on various aspects of the Ethereum difficulty bomb.
He said blocking times will begin to rise in January and the trouble bomb should reach 30 seconds of blockade in May 2019. He also noted that 30-second blocking times could occur in April 2019 if the willpower decreases by 20 -25%.
For those of you who do not know what the "difficulty bomb" is, it's an algorithm in the main Ethereum code that increases the difficulty of extracting blocks on the Ethereum Network. Makes mining increasingly difficult over time and is designed to encourage regular network updates.
What is Constantinople?
Constantinople is an incompatible update back, which is why the Ethereum blockchain must undergo a hard fork. The update will include 5 different Proposals for improvement of Ethereum (EIP).
Each EIP will include changes to the Ethereum code that lead to better processing times for developers, fairer pricing structures, important downsizing solutions and changes to Ethereum's economic policy.
For more information on the technicalities and effects of Constantinople on Ethereum, see our recent post on the topic Here.
Market update and the future of Ethereum
While the date for the update of Constantinople has been established once again, Ethereum's fans and investors have something to expect in this holiday season.
It seems that the market has not yet reacted to the announcement. At the time of writing this article, the price of Ethereum is stable around $ 210, and it was for the past week.
As investors learn about the updating of Constantinople and approach the Hard Fork date, we will have to keep the price of Ethereum in mind.
After all, Constantinople is an important update of the Ethereum code and could stimulate a new interest from investors, thus increasing the price.
What do you think about Costantinopoli? Do you think the update will honor its provisional date just made? Let us know in the comments section below.
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