Ethereum Constantinople Hardfork, the countdown begins.

The Ethereum The community is very forward with anticipations for the long-awaited Ethereum Constantinople Hardfork. The Hardfork should be sent 5 Proposals for improvement of Ethereum (EIP) to help prepare the currency for the transition from Punch Proof of Work (PoW) (PoS).

Estimated around January 16 of this year, Hardfork highlights aspects such as lower gas rates, reduced mining premiums and optimal execution of smart contracts.

The 5 proposals for improvement of Ethereum

EIP 145 -Basically involves bit-by-bit shifting as a more efficient method of processing information. The update aims to provide the native bitwise shift with costs that are equal to the arithmetic operations.

EIP 1014 -This update aims to provide a best resizing solution rely on off-line transactions. This means that it allows interactions with addresses that are not yet available on the chain but which can be considered reliable. The update is important for use cases of the status channel that imply counterfactual interactions with contracts.

EIP 1052 -Also known as Opcode EXTCODEHASH, involves the optimization of large-scale code executions for smart contracts. Most contracts must perform checks on the bytecode of a contract, although they do not need the bytecode itself. The EIP 1052 is useful at this point because it specifies a new operating code that returns the hash keccak256 of the code of a contract.

EIP 1234 -Due to the acceleration of the difficulty bomb or & # 39; & # 39; The Ice Age & # 39; & # 39; as others know, even the average blocking times are increasing. This update reduces mining premiums delaying the difficult bomb for about 12 months.

EIP 1283 – This EIP reduces excessive gas costs where it does not correspond to how most implementations work. It also allows new uses for contract retention. In simple terms, it makes it cheaper, since less gas is needed to perform certain chain operations that are very expensive.

It is important to note that although these new improvements will also enter a new blockchain, users' Ethereum (ETH) will be present simultaneously on both the new and the old Ethereum blockchain. All exchange platforms and involved node providers will update their nodes after the Hardfork so that users use the updated nodes without even noticing the change.