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According to reports, developers have set a January date for an important Ethereum (ETH) blockchain upgrade. The update is scheduled for January 16 on the occasion of the exit of the Constantinople Ethereum fixed network. We can remember that this update was originally scheduled for November. Now the network has chosen a January date for the initiative. The upgrade will involve a series of design changes in an attempt to simplify the platform code and increase its performance.
January 16 may not be the final date
While the launch was scheduled for January 16, reports indicate that this date was reached by a non-binding verbal agreement. Thus, it is neither fixed nor definitive. The developers of this Friday have said that the update of Ethereum in Constantinople could be further postponed if there is a need to do so due to challenges. Lane Retting a developer shared some information about the Ethereum difficulty bomb (ETH).
This is an algorithm integrated with the Ether code. It is designed to make blocks increasingly difficult to extract. The algorithm will act as an incentive to encourage regular updates on the network. The difficulty bomb will be functional from January, leading to 30 seconds of blockade in the coming months (precisely April and May).
Constantinople delays the bomb of difficulty for another 18 months, while the reward from etereum from 3 ETH to 2 ETH per block also decreases. In addition, the update offers various optimizations to the underlying ethereum code. It has not been discussed whether ProgPoW will be considered for inclusion in the Constantinople update. ProgPoW would standardize the extraction of Ethereum (ETH) only for generic hardware. However, developers say that the formal specifications of the ProgPoW code are not complete.
Ethereum Price (ETH) today – ETH / USD
Shapeshift CEO, Ether is better thanks to the involvement of Vitalik Buterin
Shapeshift CEO Erik Vorhees in a conversation with Ran Neuner, speaking as a guest of CNBC Crypto Trader, shared his views on the future of digital currencies and blockchains. Vorhees believes that there are many exciting prospects in the crypto verses and beyond the speculation on which many people tend to concentrate.
When asked if Vorhees shared the concerns of many crypto-proposers that Ethereum (ETH) was scalable or not, he noted that while he feels optimistic about Ether, any results regarding this debate will be positive for the digital resource community.
Vorhees talked about what the future represents for Ethereum as a global network. Since the conversation with Neuner came shortly after the conference Vitalik Buterin Ethereum 2.0, Vorhees commented that "absolutely" believes that Ether could be the "main chain" in the future. For Shapeshift's CEO, the fact that ETH has the largest volume of developers could be a catalyst to make it the blockchain par excellence in the future when it comes to creating dApps.
Vorhees accepts the influence of Buterin on the Ethereum network and beyond
Vorhees believes that the influence of Buterin is one of the factors that make the network stand out. Citing that its importance goes beyond the Ethereum ecosystem, but extends to the cryptographic space in general. However, Vorhees insists that it is certain that even without Buterin, the crypto-verse will continue its evolution. He concluded by underlining his positive opinion that virtual resources will have a tremendous adoption in the future, emphasizing that it is a "gradual" process. Compared to the Internet, Vorhees believes that the public must adapt and feel comfortable using new technologies.
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