Ethereum ETH Ethereum News Ethereum Constantinople 14 Sep 2018
Ethereum Constantinople Hard Fork is a hot topic these days. While cryptocurrency enthusiasts might have an idea about what is going to happen, average users are still figuring out the details. In this article, we will talk about the upcoming Ethereum hard fork in more detail.
14 September, AtoZ Markets – If you follow cryptocurrency market news, you should probably know that Ethereum is eyeing a next system-wide upgrade named Constantinople.
Constantinople has been finalized earlier this August, on 31st, and it includes five different Ethereum improvement proposals (EIPs). The proposals are aiming to permanently alter the Blockchain with a series of new backward-incompatible upgrades.
The five EIPs include:
The new upgrades for the Ethereum network imply that nodes now must either adopt the new EIPs together with the entire system or continue to run as a separate Blockchain entity.
However, most of the Constantinople upgrades will not be noticeable for the average user. In fact, the upcoming Ethereum hard fork will not bring any “big changes” for the end users, according to one of the independent developers, Lane Rettig.
As Ethereum trader Eric Conner has commented on the upcoming fork:
"Complex coding and testing takes time. And ethereum is live so it's essential to be sure no changes are breaking."
In general, the changes in the Ethereum system comprise the following: reasonable pricing structures for alterations made to smart contract data storage code; optimizations to advance processing times for developers; and a code change making scaling solutions through state channels easier to take place on Ethereum. Some changes to Ethereum's economic policy are also planned.
The EIPs that have been described above all have a certain level of impact on Ethereum system. These proposals are expected to shape the progress of Ethereum in the future, as they are related to a number of wider goals that are planned way ahead.
As of the moment, each of the proposals is being tested, and in the coming weeks, there will be a peer review and implementation of them. According to the core developer of Ethereum, Nick Johnson, technically "anyone can contribute tests" to a global test suite. This can be tested against all client implementations. Yet, it is understood that Ethereum clients do not need to wait for these tests to take place in order to implement the code of their own.
Considering the preparations and the piloting involved into the Ethereum Constantinople hard fork process, the official release of the Ethereum next hard fork might be a bit delayed. While the original release date is set for October 8th, many expect the company to present the final solution to the public later in October or even in November.
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