Ethereum (ETH)–The long-anticipated launch of Ethereum’s Constantinople upgrade is set to occur tomorrow, the 28th of February. Specifically, the update is scheduled to go live during Ethereum’s 7,280,000 mined block, which at the current rate of production should occur on Thursday Feb. 28.  An official blog post by the Ethereum development team includes a countdown timer for investor interested in following the pace of mining efforts.

In addition to the Constantinople upgrade, which Ethereum investors and coin enthusiasts have been anticipating for months, the St. Petersburg update is also schedule to go live at the same time.

The new update is set to change the underlying Ethereum protocol in an effort to improve the system according to proposed Ethereum Improvement Proposals (EIPs). For Ethereum users, the primary changes of the Constantinople upgrade will be multiple enhancements of network efficiency, a delay in the Ethereum “difficulty bomb” affecting mining hash power, and a decrease in the amount of ETH reward for mined block.

The difficulty bomb was originally designed to ensure a full migration of miners to Ethereum’s new Proof of Stake based consensus algorithm, which will signal a landmark shift in the currency away from its current Proof of Work protocol. However, PoS implementation has been delayed beyond the scheduled Constantinople upgrade, necessitating that the Ethereum developers also delay the difficulty bomb to avoid halting the current blockchain.

The delay is expected to be for another 12 months, currently being referred to as the “ice age” period, giving Ethereum developers ample time to transition the currency to the Proof of Stake algorithm. However, in response to the lack of increased difficulty, the Constantinople update will include a reduction in Ethereum mining rewards, from its current level of 3 ETH to 2.

Thursday’s upgrade will also include the controversial “CREATE2” EIP implementation, which will allow users to interact with smart contracts that do not presently exist on the blockchain. According to the official release, CREATE2

“Allows interactions to be made with addresses that do not exist yet on-chain but can be relied on to only possibly contain code eventually that has been created by a particular piece of init code.Important for state-channel use cases that involve counterfactual interactions with contracts.In short: This EIP makes it so you can interact with addresses that have yet to be created.”

 

69 COMMENTS

  1. It is really a nice and useful piece of info. I am glad that you just shared this useful information with us. Please stay us informed like this. Thanks for sharing.

  2. What¦s Happening i am new to this, I stumbled upon this I’ve discovered It absolutely useful and it has helped me out loads. I’m hoping to contribute & aid different users like its aided me. Good job.

  3. My partner and I stumbled over here different web address and thought I should check things out. I like what I see so now i am following you. Look forward to looking into your web page yet again.

  4. With havin so much content do you ever run into any issues of plagorism or copyright infringement? My site has a lot of completely unique content I’ve either authored myself or outsourced but it looks like a lot of it is popping it up all over the web without my permission. Do you know any solutions to help reduce content from being ripped off? I’d truly appreciate it.

  5. When I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Thanks!

  6. Fantastic beat ! I would like to apprentice at the same time as you amend your website, how can i subscribe for a blog site? The account helped me a applicable deal. I had been a little bit familiar of this your broadcast provided brilliant transparent idea

  7. I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.

  8. Wow! This can be one particular of the most beneficial blogs We have ever arrive across on this subject. Basically Magnificent. I’m also a specialist in this topic so I can understand your hard work.

  9. I have been browsing online more than 3 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my opinion, if all web owners and bloggers made good content as you did, the web will be a lot more useful than ever before.

  10. I am no longer certain where you’re getting your info, but good topic. I needs to spend some time finding out more or working out more. Thank you for fantastic information I was in search of this information for my mission.

  11. I love your blog.. very nice colors & theme. Did you create this website yourself? Plz reply back as I’m looking to create my own blog and would like to know wheere u got this from. thanks

  12. We are presently seeking individuals to review CBD products from leading CBD Brands on our website at cbdlifemag.com. If anyone is interested, please respond below or DM me and I will get some CBD products, including CBD Vaping, CBD Beard Care and CBD Bath and Body sent out to you for your evaluation.

  13. You can definitely see your skills in the paintings you write. The sector hopes for more passionate writers like you who aren’t afraid to say how they believe. At all times go after your heart. “No man should marry until he has studied anatomy and dissected at least one woman.” by Honore’ de Balzac.

  14. Whats Taking place i’m new to this, I stumbled upon this I’ve found It positively useful and it has aided me out loads. I am hoping to give a contribution & help different customers like its helped me. Great job.

  15. You really make it appear so easy together with your presentation however I find this topic to be really something which I think I’d never understand. It sort of feels too complicated and extremely extensive for me. I am looking ahead on your subsequent submit, I will attempt to get the grasp of it!

  16. I cling on to listening to the news lecture about getting boundless online grant applications so I have been looking around for the top site to get one. Could you advise me please, where could i get some?

  17. Hello there, You’ve done an excellent job. I’ll certainly digg it and personally recommend to my friends. I am sure they will be benefited from this website.

  18. Very interesting topic, thankyou for posting. “There are several good protections against temptations, but the surest is cowardice.” by Mark Twain.

  19. I¦ve been exploring for a little bit for any high-quality articles or blog posts in this sort of area . Exploring in Yahoo I ultimately stumbled upon this site. Reading this information So i am happy to exhibit that I’ve an incredibly just right uncanny feeling I found out just what I needed. I so much indisputably will make sure to don¦t overlook this site and provides it a glance regularly.

  20. Just about all of the things you state is astonishingly accurate and that makes me wonder why I had not looked at this in this light previously. This particular piece really did switch the light on for me as far as this subject goes. Nonetheless at this time there is actually one factor I am not necessarily too cozy with and while I attempt to reconcile that with the actual central idea of the position, allow me observe exactly what all the rest of your visitors have to point out.Very well done.

  21. We’re a group of volunteers and starting a new scheme in our community. Your web site offered us with valuable info to work on. You have done a formidable job and our whole community will be thankful to you.

  22. I will right away grab your rss feed as I can’t find your email subscription link or newsletter service. Do you have any? Kindly let me know in order that I could subscribe. Thanks.

  23. I just could not depart your site before suggesting that I actually enjoyed the standard information an individual provide to your guests? Is going to be back ceaselessly in order to check up on new posts

  24. Great post. I was checking continuously this blog and I am impressed! Extremely helpful info specially the last part 🙂 I care for such information much. I was seeking this particular info for a very long time. Thank you and best of luck.

  25. Do you have a spam issue on this blog; I also am a blogger, and I was curious about your situation; we have developed some nice methods and we are looking to exchange solutions with others, please shoot me an email if interested.

  26. Hi there! I’m at work browsing your blog from my new iphone 4! Just wanted to say I love reading your blog and look forward to all your posts! Keep up the fantastic work!

  27. Nice post. I was checking continuously this blog and I’m impressed! Very useful info specially the last part 🙂 I care for such info much. I was looking for this certain information for a very long time. Thank you and good luck.

  28. I’ve been browsing online more than three hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my opinion, if all site owners and bloggers made good content as you did, the web will be much more useful than ever before.

  29. We’re a bunch of volunteers and starting a new scheme in our community. Your web site provided us with valuable information to work on. You have done a formidable activity and our entire neighborhood might be grateful to you.

  30. Usually I do not read article on blogs, but I wish to say that this write-up very forced me to try and do it! Your writing style has been surprised me. Thanks, very nice post.

LEAVE A REPLY

Please enter your comment!
Please enter your name here