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Well, the New Year seems to be a huge difference to the fortune of the crypto industry. They are trading in the green-including Ethereum [ETH] which is trading above $ 150 and this bodes for the upcoming hard fork on January 16, 2019. The scheduled upgrade which is termed as Constantinople may be one of the reasons why the Ethereum is showing resilience and there seems to be positive sentiment around the largest dApp platform.
In a positive development that would definitely lift the sense of optimism in the community is that the Ethereum Foundation has decided to increase the usability and security of five million dollars (USD) to Parity Technologies. This news was made public by the Foundation in its blog on Monday.
Parity Technologies has been an integral part of the journey. Parity Technologies showcased their plan to develop Serenity implementation.
"The Ethereum Foundation is scalable, usability and security. To the end of the day, we could not think of a push to raise the technical bar and their pinpointed focus on the next generation of advancements like proof-of-stake, sharding and WebAssembly, "the blog adds.
As for the blog, the grant will help you with your work on Casper, sharding and developer tools. Parity Technologies to improve its infrastructure.
The fund is not going to be allocated in one go. It will be delivered in several batches, the first of which supports the development that Parity has already completed. Depend on the milestones reached:
- The completion of eWasm compatibility work
- Shipping to light wallet for mainnet
- The successful completion of Phase 0 and Phase 1 of sharding
Finally, it seems that the members of the open source Ethereum development team have reached consensus on the activation of the Constantinople upgrade. The upgrade is now scheduled for 7,280,000 and will take place on January 16. Originally scheduled for November release, Constantinople would like to be updated. After the Constantinople upgrade, the PoS Chain Beacon test is scheduled to be released in March.
See Also: Ethereum sets January deadline for Constantinople mainnet hard fork
Ethereum's Constantinople hardfork will be backed by OKEx and Huobi
Image away Shutterstock
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