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Ethereum Constantinople Blockchain Upgrade Nearing Activation
As reported by Ethereum World in early-October, after developing Constantinople for months, the Ethereum core development team decided to take the blockchain upgrade to the network's Ropsten testnet. At the time, the authors believe that if the test succeeded, Constantinople, a protocol that will decrease block rewards and amuse ASICs, would be uploaded to the mainnet by October's end.
However, on the other hand, it became apparent that it was similar to that of the fork gate. Even after the testnet resumed, zero transactions were initially shown in the post-hard fork blocks.
Eventually, Afri Schoedon, a developer at Parity, he gave the crypto community a concise update on the situation, simply explaining that to a consensus issue had unfortunately occurred, a three-way fork between Geth, Parity, and another popular Ethereum -based client. In a post-mortem of the fork, the Parity developer explained:
- Recently Added Hashpower Reduced Times and Due This Hardfork.
- Hardfork only 6 days after Geth release and 1 day after Parity release, users had not enough time to upgrade.
- There is no fork monitor available, only http://ropsten-stats.parity.io which does not reveal details about the different chains.
Schoedon, who is an active blockchain developer, claimed that the Ethereum community should not rush this pertinent upgrade.
After the event, Ethereum World News stipulated that Constantinople could activate by mid-January, the 16th to be exact. And now, in a recent Core Developer meeting, this call for January blockchain upgrade has true.
It has been confirmed that Ethereum Constantinople will activate on the processing of 7,880,000, which is slated to arrive around January 14th, for CoinTelegraph and statistics from Etherscan.
Serenity Continues To Loom
For those who are not aware, the launch of Constantinople is a pertinent event in Ethereum's long-term calendar.
Justin Drake, a blockchain researcher, recently told Ran NeuNer that Serenity, or Ethereum 2.0, has been chugging along just fine. Drake claimed that we have continued to propose better and better designs for the upgraded blockchain, which would see Ethereum activate Sharding, a protocol that speeds up data processing.
Even Vitalik Buterin, a co-founder of the world-renowned project, lauded Serenity. At Devcon4, the Russian-Canadian coder noted that the blockchain overhaul may eventually facilitated "well PoS consensus, faster times to synchronous confirmation (8-16 seconds), economic finality (10-20 minutes)," and most importantly, to 1,000 x scalability upside, which will likely discredit all fears of scalability.
ETH Posts 10% Gain Amid Market Tumult
Although the news for the Constantinople upgrade was activated as a bullish catalyst, in the past 24 hours, as for Live Coin Watch, Ether (ETH) has surged by 10.6%, beating the performance of Bitcoin by 8.62%.
This recent move, which brings the sky-high asset, brings ETH to $ 94.7, after falling to a more-than-year-to-date low at $ 82 on Thursday night / Friday morning from over- $ 100.
Title Image Courtesy of ian dooley on Unsplash
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