{"id":10324,"date":"2018-11-12T00:00:00","date_gmt":"2018-11-12T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/11\/12\/ethereum-hardfork-constantinople-eth-will-arrive-around-mid-january\/"},"modified":"2023-08-30T07:00:46","modified_gmt":"2023-08-30T07:00:46","slug":"ethereum-hardfork-constantinople-eth-will-arrive-around-mid-january","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ethereum-hardfork-constantinople-eth-will-arrive-around-mid-january\/","title":{"rendered":"Ethereum hardfork Constantinople [ETH] will arrive around mid-January"},"content":{"rendered":"<p class=\"western\" lang=\"en-US\" style=\"text-align: justify\"><span style=\"font-size: medium\">The contentious Ethereum [ETH] Constantinople hard fork gets a tentative release date. Mid-January 2019, date was agreed upon by <strong><a href=\"https:\/\/crypto-economy.com\/ethereum-eth-kaleido-partners-with-amazon-to-launch-ethereum-marketplace-with-plug-and-play-services\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> <\/strong>[ETH] core developers during a meeting. <\/span><!--more--><\/p>\n<p class=\"western\" lang=\"en-US\" style=\"text-align: justify\"><span style=\"font-size: medium\">According to the minutes from the meeting released on <strong>GitHub<\/strong> over the weekend, the developers were considering the release of the code upgrade either on 12<\/span><sup><span style=\"font-size: medium\">th<\/span><\/sup><span style=\"font-size: medium\"> or 16<\/span><sup><span style=\"font-size: medium\">th<\/span><\/sup><span style=\"font-size: medium\"> January 2019. More developers were in favor of the later date as it gives the developers more time to iron out the release product.<\/span><\/p>\n<p class=\"western\" lang=\"en-US\" style=\"text-align: justify\"><span style=\"font-size: medium\">The Constantinople upgrade which was scheduled to be released this November ran into problems during its testnet launch last month prompting the developers to <strong><a href=\"https:\/\/crypto-economy.com\/ethereums-constantinople-upgrade-test-goes-awry\/\" target=\"_blank\" rel=\"noopener\">postpone its release<\/a><\/strong> to early next year. However, according to some developers, the 12<\/span><sup><span style=\"font-size: medium\">th<\/span><\/sup><span style=\"font-size: medium\"> or 16<\/span><sup><span style=\"font-size: medium\">th<\/span><\/sup><span style=\"font-size: medium\"> date does not make much of a difference when it comes to deployment of code upgrades. One such developer is <strong>P\u00e9ter Szil\u00e1gyi<\/strong>, who said that,<\/span><\/p>\n<p class=\"western\" lang=\"en-US\" style=\"text-align: center\"><em><span style=\"font-size: medium\"> \u201cWe can just say mid-January, it doesn\u2019t make difference if we decide on a date or not. We can always postpone.\u201d<\/span><\/em><\/p>\n<p lang=\"en-US\"><a href=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/ether-1.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-117690\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/ether-1.jpg\" alt=\" Ethereum [ETH] core developers \" width=\"696\" height=\"433\" \/><\/a><\/p>\n<p class=\"western\" lang=\"en-US\" style=\"text-align: justify\"><span style=\"font-size: medium\">The tentative timeline agreed upon from Friday\u2019s meeting includes the following details as shared by one participant in the meeting:<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li>\n<p lang=\"en-US\"><span style=\"font-size: medium\"><strong>December 10th<\/strong> (Monday), 2018:<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"western\" lang=\"en-US\" style=\"text-align: justify\"><span style=\"font-size: medium\">Start of a new PoW testnet, deprecate Ropsten<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li>\n<p lang=\"en-US\"><span style=\"font-size: medium\"><strong>January 16th<\/strong> (Wednesday), 2019:<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"western\" lang=\"en-US\" style=\"text-align: justify\"><span style=\"font-size: medium\">Fork on the new testnet<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li>\n<p lang=\"en-US\"><span style=\"font-size: medium\"><strong>February 12th<\/strong> (Tuesday), 2019:<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"western\" lang=\"en-US\" style=\"text-align: justify\"><span style=\"font-size: medium\">Fork on MainNet<\/span><\/p>\n<p class=\"western\" lang=\"en-US\" style=\"text-align: justify\"><span style=\"font-size: medium\">The Constantinople code upgrade will introduce the element of staking coins to confirm transactions popularly known as Proof of Stake consensus mechanism that is proposed to help Ethereum scale its transaction throughput.<\/span><\/p>\n<p class=\"western\" lang=\"en-US\" style=\"text-align: justify\"><span style=\"font-size: medium\"> The upgrade will also see the block rewards reduced from the current ~3ETH to a proposed ~2ETH. This reduction has been dubbed \u201ctwo-thirding\u201d. <\/span><span style=\"font-size: medium\">Most miners have opposed this implementation on the count of the reduction of their mining profits. <\/span><\/p>\n<p class=\"western\" lang=\"en-US\" style=\"text-align: justify\"><span style=\"font-size: medium\">This is partly the reason why<strong> the testnet implementation on the Ropsten network failed due to lack of miners to confirm transactions<\/strong> that saw the test blockchain freeze for a couple of hours.<\/span><\/p>\n<p class=\"western\" lang=\"en-US\" style=\"text-align: justify\"><span style=\"font-size: medium\">The set of the official roll-out of the code upgrade introduces some stability to the <strong><a href=\"https:\/\/crypto-economy.com\/ethereum-price\/\" target=\"_blank\" rel=\"noopener\">Ethereum market price<\/a> <\/strong>as speculators and investors alike can make more informed decisions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The contentious Ethereum [ETH] Constantinople hard fork gets a tentative release date. Mid-January 2019, date was agreed upon by Ethereum [ETH] core developers during a meeting.<\/p>\n","protected":false},"author":4,"featured_media":10325,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,73,74],"tags":[4677,4679,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/10324"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=10324"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/10324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/10325"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=10324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=10324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=10324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}