Ethereum Tests New Code and Gets Prepared for the Next Hard Fork
The Ethereum community and its developers are getting ready for the new hard fork by testing the network’s next system upgrade known as Constantinople. The main intention behind this update is to make Ethereum work much more efficient and with less fees. This is very important for those who use the network on a daily basis.
Constantinople will be activated before October’s Devcon4 Ethereum conference as some people close to the matter explained. At the moment, there has been no information about at which block number the change will be made.
The upgrade will be including different optimizations that are the second part of the Byzantinum change activated during October 2016. At the moment, there are four different Ethereum Improvement Proposals (EIPs) that are being implemented by different developers.
Péter Szilágyi, developer of Geth, said that they have implemented most of the changes needed. Geth is currently the most popular Ethereum client.
Some of the other implementations include the EIP 210, that aims to recognize how block hashes are stored on Ethereum. The EIP 145 is another important modification to Ethereum that wants to increase the speed of arithmetic in the so called Ethereum Virtual Machine (EVM). The EIP 1014 and the EIP 1052 are also being developed by the community. The last two EIP try to add ethereum state channels and create a newop-code that compresses how contracts interact.
Developers did not take any decision about the mining difficulty question. This is a very important topic that affects in different way various stakeholders.
A moderator of the discussion, Hudson Jameson, commented about this:
“We’re not going to be able to decide this part today.”
At the moment of writing this article, Ethereum is the second most important cryptocurrency in the market with a total value of $47 billion dollars. Additionally, each ETH coin can be bought for $470 dollars.