January 16th has been put in the calendar for many Ethereum developers – as the date when Constantinople which is Ethereum’s upcoming network hard fork could launch. The upgrade is now everywhere in the digital currency news.
While it was originally targeted for November, Constantinople’s upgrade brought a lot of trouble for the Ethereum developers and aimed at streamlining the platform’s code in a bid to boost performance. Due to unanticipated problems with the test release, it also necessitated a longer development period.
The January 16th date was reached by way of a non-binding verbal agreement. The developers at Ethereum this Friday said that Constantinople could be (again) postponed if additional problems arise.
As one of the core developers named Peter Szilagyi remarked:
“We can just say mid-January, it doesn’t make difference if we decide on a date or not. We can always postpone.”
Other developers pointed to Ethereum’s so-called “difficulty bomb” which is an algorithm that is embedded within Ethereum’s code that makes blocks steadily harder to mine – and one that was put in place to act as an incentive for encouraging regular updates in the network.
Constantinople has delayed this difficulty bomb for a further 18 months while decreasing the Ethereum mining reward from 3 ETH to 2 ETH per block. However, Szilagyi noted that the software upgrades which will implement the hard fork should be released before the end of the year
“All clients should release a stable version with the baked in block number before Christmas,” he concluded.
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