Ethereum goes ‘Constantinople’ to make its network more efficient and cost-effective
Ethereum has geared up for its upcoming upgrade – Constantinople. The open-source, public, blockchain-based distributed computing platform is introducing the upgrade to refurbish its platform like never before.
The network’s system-wide upgrade is the second fraction of a two-part series of upgrades.
What has the Constantinople upgrade got to offer?
Striving for more proficiency, the upgrade is supposed to enhance the network’s efficiency and make it more cost-effective. In a recent core developer meeting, Ethereum’s investors have finalized that the upgrade will be initiated prior to the October’s Devcon4 Ethereum conference.
When will be the upgrade launched?
Its developers are in the process of implementing the code of this latest upgrade. The process of implementation will last till 13th August. This process of implementation will be followed by two months of testing and the take-off of a Constantinople-specific test network.
The meeting has also confirmed that developers are working on the implementation process of four ethereum improvement upgrades (EIPs). Péter Szilágyi, lead developer of Geth, who is also one of the foremost Ethereum clients, confirmed that the major number of changes have been carried out. “The EIPs are mostly done,” Szilágyi said in the meeting.
A core developer at Ethereum Foundation, Nick Johnson was asked by Ethereum World News about the launch of the Constantinople hard fork. He said: “I think it’s likely that there’ll be a hard fork in 2018. It may not include all of those EIPs and may contain other improvements not yet specified.”
“The exact contents of Constantinople aren’t yet specified, and a couple of those EIPs have kinks that need working out,” Johnson added.
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