OmiseGO
$1.70 -5.93%
OMG · 21w

Ethereum's Constantinople Is Delayed But Development Is Still Strong

Constantinople, Ethereum’s next system-wide upgrade via a hard fork has officially been delayed until January or February 2019. The delay comes as a result of finding several bugs in the code on the testnet platform that went live on October 13.

In a recent meeting, the team behind Constantinople stated that launching this year would be a bad idea, as they are not ready.

Ethereum developer Afri Schoeden states:

I keep getting the feeling that we’re trying to rush this and I would second that we should breathe and see what happens.

As Constantinople is such a major upgrade to the Ethereum protocol and requires a hard fork to implement the changes, the developers feel it’s best not to rush this upgrade.

What is Constantinople?

Constantinople is a backwards-incompatible upgrade to the Ethereum blockchain that includes 5 different Ethereum improvement proposals (EIPs). The EIPs include changes to the code for better processing times for developers, fairer pricing structures, changes to Ethereum’s economic policy, and important scaling solutions.

EIP 145: A technical upgrade detailing a more efficient means of information processing on the Ethereum blockchain known as bitwise shifting. EIP 1052: A means for optimizing large-scale code execution on the Ethereum blockchain. EIP 1283: The introduction of a fairer pricing method for changes made to data storage. EIP 1014: A scaling solution created by Vitalik Buterin, the founder of Ethereum. This scaling solution proposal is based upon state channels and off-chain transactions. EIP 1234: The reduction of block mining reward issuance from 3 ETH to 2 ETH. This upgrade would delay the difficulty bomb for a period of 12 months.

Even once Constantinople is fully launched in early 2019, the goals and initiatives the EIPs present will be continuously developed even after Constantinople is fully released. For instance, since the Constantinople delay, implications for another propo...

Continue on investinblockchain.com
flyingbisons.com

Hoard: The Future of Gaming

OmiseGO
$1.70
Recent news
OMG -5.93% · flyingbisons.com · 12h

Hoard: The Future of Gaming

Flying Bisons prepared UX strategy for Hoard. Extensive discovery phase, Personas, IDIs, Value Proposition, Product Road Map. See the case study.