A new hard fork for Ethereum looks set to bring with it a bunch of improvements…
by Manoj Sharma for CNR
On September 15th, core developers of an upcoming Ethereum’s hard fork, Constantinople, agreed to activate the fork next month in a test environment. The goal is to increase the efficiency of its platform, alter its economic policy, and most importantly, delay the so-called “difficulty bomb”.
The team revealed the update in their bi-weekly video call and announced that the upgrade will activate around October 9th on Ropsten, a cross-client testnet that mimics the same conditions of the Ethereum network itself. However, an exact number of blocks for the testnet activation has yet to be finalised because of the unpredictability of block confirmation times in the testing environment. Similarly, the timing for activating Constantinople on live blockchain or Ethereum’s mainnet has yet to be fixed.
Vitalik Buterin was also on the call and noted that after-effects of upgrade shouldn’t be perceptible for months. He added that “it’s totally not urgent. We could probably have three months of safety and likely even more.”
Meanwhile, a key part of the fork update, Ethereum Improvement Proposal, has raised many questions, especially among the miners who see their profit reducing with a pullback on the issuance of Ether.
The team also discussed EIPs that may be included in a subsequent hard fork, named Istanbul, which is currently planned for eight months after Constantinople executes. The ongoing dispute, whether Ethereum should implement changes to its underlying P-o-W to force ASICs, was also addressed. An Ethereum researcher Danny Ryan confirmed the same during the call. He argued that “the bones of the spec is really solidifying.”
More as we hear it…