Will Ethereum hard fork Constantinople be launched this week?

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Will Ethereum hard fork Constantinople be launched this week?
2019-01-15 in ETHEREUM

Ethereum, one of the largest and most influential blockchains in the world, is planning to improve its code in the near future. A massive system upgrade, or hardfork, called “Constantinople” will include a number of technological improvements called to enhance practicality and the architecture of smart contracts. The Ethereum community will make a final decision on the massive system upgrade this week when Constantinople will be introduced.

Many Ethereum users are looking forward to the system upgrade which would help solving a number of problems. Software developers are actively discussing Skinny CREATE 2 and EIP 1014, some particular updates that were recently presented.

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Some numbers show that the Constantinople enactment is still quite low. Many Ethereum enthusiasts claim that the statistical data is not representative and the support for the massive upgrade is much higher. The fact that Constantinople is a hard fork means that all exchanges, stakeholders, Ethereum miners, businessmen and users have to update their operating system in advance. Thus, in case some of the key Ethereum stakeholders refuse to do it, two conflicting blockchains would be created. Bitcoin Cash and Ethereum Classic are good examples of what could happen. It is worth keeping in mind that such split will not happen if all users would decide to switch to a new network.

The new hardfork is set to activate the block No 7,080,000. All network users have to download the new Constantinople software before the aforementioned block is activated. It is hard to predict when the block number  7,080,000 will be activated though. Some cryptocurrency-related websites are trying to estimate the time of activation, but the predictions are blurred. You can also monitor the Ethereum blockchain on Amber Data or CoinGecko.

Ethereum community supports the adoption of Constantinople. The massive upgrade would eliminate the difficulty bomb. This step is essential for the functioning of the Ethereum blockchain and its network. The upgrade will diminish the block reward to two Ethers per block, which caused a number of serious concerns with the miners and investors. The best strategy is to keep an eye on the improvements offered by Constantinople.

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