The hard forex of Ethereum Constantinople will arrive next month with features such as the difficulty bomb and the reduction of reward. With an undefined mainnet date, the upcoming fork has everyone's eyes on Ethereum and how it will affect its prices.
Constantinople Fork on TestNet in October
At the end of last month, the core developers of Ethereum met regularly and discussed the Enterprise Integration Patterns (EIP) tests for the Constantinople fork. At the time, regarding the possibility of a second hard fork for grouping so many changes together, it was declared by one of the developers,
"If we delay the time, we would like to have more functionality for this particular [Constantinople] hard fork and we should discuss whether it is nice to have many changes in a fork, or it is better to have less changes in many hard forks. "
But now it is confirmed that Constantinople will go on the testnet next month. This four-step development plan should be activated on a cross-client testnet called Ropsten in the second week of October, ie October 9th. As far as the main network is concerned, it can be expected to start from November or could even take a year.
Although the exact number of the block for the testnet has yet to be finalized, according to a proposal on the GitHub the suggested block number is 4,230,000.
In addition, read: Will Cardano Follow Ethereum Recovery path as if descending
Characteristics of Hard Fork: difficulty bomb and reduction of the reward
The updates concern EIP 145 of which l & # 39; focus is on an effective method of information processing, such as bitwise shifting, while EIP 1052 serves to improve large-scale code extraction on Ethereum.
Vitalik Buterin is behind EIP 1014, which aims to improve the facilitation of off-line transactions and the scalability solution based on status channels.
Ce n & # 39; is another here, namely EIP 1234, which aims to reduce the reward from mining from 3 Ethereum to 2 Ethereum. Further delay the 12-month difficulty bomb.
So, the hard fork is on track for November or the next year as there is no big rush. Vitalik Buterin was quoted by Finder, "It is not absolutely urgent, we will probably have three months of security and probably even more."
The delay of the difficulty bomb is seen by many as a promising sign as it should further cement the Ethereum position at the top of the market.
Developers are working to improve the Ethereum blockchain as a whole and experts believe there is still no other project that has such an impact on smart contracts.
All these updates mean that the nodes must adopt the EIP update or start working as a separate entity. Although these updates are not very important to an average user, as these will not bring about any noticeable changes for the end user, these changes can certainly benefit investors as the world's second largest cryptocurrency prices in the world are expected peak
Ethereum bull analysis
A bullish signal for investors, especially when the market is already experiencing bulls. In the last 3 months, Ethereum has had a downward spiral touching the $ 170 mark at a point as shown in the chart below. This was due to a fall in ICOs and moreover, most of the projects sold their holdings to Ether.
However, after In steady decline in the last 3 months, for about five days, Ethereum is expanding in tandem with the encrypted market. At the time of writing this article, Ethereum stood at $ 238 with a market capitalization of $ 24.3 billion.
As usually happens in the crypto market, developments increase investors' expectations and hopes, raising the demand for a cryptic asset in the market. And Constantinople can further strengthen these bullish feelings.
Not to mention the fact that better network functionality will also bring more users. This also demonstrates the ability of the project to continue to work and constantly improve. The wait, for now, is for October!
Follow us on:
Twitter | Telegram