Ethereum’s Core developers have finally reached an agreement on when the launch the highly anticipated hard fork. During a meeting on Friday, the developers finalized the scheduling for the Constantinople upgrade to finally go live at block 7,080,000. According to data provided by the Ethereum blockchain explorer Etherscan, that block should roughly appear sometime during January 16, 2019.
This system-wide overhaul will be implementing fundamental changes to the Etheruem blockchain with backwards- incompatible upgrades. Technical improvements are mainly designed to optimize network efficiency and also change Ethereum’s miner rewards policy.
The Upgrade will also incorporate over five major Ethereum improvement proposals (EIPs). Vitalike Buterin, Cofounder of Ethereum, has written the EIP 1914 upgrade to facilitate the network’s long-anticipated scaling solutions.
The inclusion of EIP 145 will also lead towards the introduction of “native bitwise shifting,” reducing the cost associated with running smart contracts and speeding up processing times for smart contracts in order to eliminate the type of bottleneck that crippled Ethereum’s network during the release of CryptoKitties. During it’s inception, Cryptokitties lead the network to slow down to a crawl due to an overload of requests.
Scalability has always been a major issue for Ethereum and has becoming incredibly important among blockchain developers at large as they continue to develop mainstream decentralized applications (DApps) that can massively scale and compete with their centralized counterparts.
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