The hard blow of Ethereum [ETH] Constantinople, will soon arrive in the testnet, says a member


On September 15th, a member of the Ethereum community, Eric Conner tweeted on the upcoming fork called Constantinople. He wrote that the hard fork is expected to be implemented by the end of October. However, the Testnet will take place much earlier. The tweet reads:

"The Ethereum Constantinople rigid fork will hit the Ropsten testnet on October 9. It will then be implemented on the main chain immediately after Devcon 4 (Oct30-Nov2)."

Recently, the first announcement of the 39; hard fork took place when the release date was announced in the second week of October by the developers. The community has stated that Constantinople will see a low cost Mainnet and will be efficient to use.

In another Tweet, Conner said that Ethereum is currently generating 7,300,000 ETHs per year. However, he believes that the arrival of Constantinople and the Stage Trial will reduce the number on a large scale. He added:

"Constantinople: 4,900,000 ETHs per year
PoS: ~ 1,000,000 ETHs per year (probably less) // For ref, the total ICO treasures amount to 3,500,000 ETH "

In a Reddit forum discussing the hard fork, some EIPs [Ethereum Improvement Proposal] were mentioned, such as the delay of the Difficulty Bomb, the reduction of the emission of Ether and the ASIC resistance.

In the last hard fork of Ethereum known as Byzantium, Difficulty Bomb was delayed to ensure blockchain blocking time. However, this will create a new issue related to the emission of Ether. To solve this, the community suggested reducing the mineral reward from 3 to 2, 1 or 0.5 Ether. In addition, the forum post stated:

"But the reduction in emissions decreases the mining profitability, eliminating the smaller miners and favoring the ASIC, with consequent centralization and less security of the network.To mitigate this problem, the ASIC resistance was proposed to eliminate the mining cartels. "

Difficulty Bomb is a term that defines the level of extraction difficulty in which the time required to extract a block continues to elongate until it is possible to block the blocks more on the Ethereum blockchain.

Also the user who opened the discussion on Reddit gave a personal position to the situation. He stated that it is not a good idea to eliminate the difficulty bomb. However, delaying it until July 30, 2019 could benefit from the blockchain. The comment said:

"I strongly oppose the elimination of the Difficulty Bomb, but I am in favor of postponing it by July 30, 2019. I also think Ethereum is paying excessively for network security, so I support reducing the reduction in blocks to 1 ETH coupled with the implementation of the ASIC resistor If the ASIC resistor is rejected, I would like to see the community discuss the reduction of the block reduction to 1.5 or 2 ETH with a 30 second blocking time. "

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  Priyamvada Singh

Priyamvada is a full-time journalist at AMBCrypto. A graduate in journalism and communication at Manipal University, she believes that blockchain technology is a revolutionary tool for advancing the future. Currently it does not hold any value in cryptocurrencies.

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