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Ethereum (ETH) Hard Fork Delayed Until 2019

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Ethereum

Constantinople, the hard fork of Ethereum is delayed until January 2019, according to ETH core developers.

Constantinople was scheduled to roll out in November 2018, after testing it on October 13. However, the developers on announced on Friday that the code contains several bugs. Therefore, they indicate that it will be unwise to launch the hard fork immediately.

Furthermore, developer Afri Schoeden said, “I keep getting the feeling that we’re trying to rush this and I would second that we should breathe and see what happens.”

Features of Constantinople

The Constantinople hard fork contains five major updates and is a significant step in the evolution of Ethereum. Therefore, it will help the cryptocurrency move from a Proof of Work (POW) model to Proof of Stake (POS) model. Additionally, the hard fork will improve the scale-ability of ETH.

The ETH scale-ability has been an issue for quite some time. Moreover, this prompted the decision to switch servers and migrate the Ethermon game to Zilliqa.

Proposed Changes by Ethereum

Furthermore, the delay may prompt additional changes to Constantinople. According to the security lead of the Ethereum Foundation, Martin Holste Swende, the latest update can include “ProgPow”.

Progpow aims to increase Ethereum’s resistance to specialized mining hardware. Consequently, this will cause GPUs to move out of the market and centralize the process.

“I’m going to go out on a limb here and say that if we do decide that Constantinople isn’t until January or February, then I would probably try to push for including ProgPoW into Constantinople,” Swende said.

Notably, developers decided against initially integrating ProgPow with Constantinople. Since the implementation of ProgPow is challenging, the plan was to include it following the release of Constantinople.

Despite the delay in hard fork, the upgrade of Constantinople will definitely hit the main chain.

As crypto enthusiasts will know, Constantinople is a system-wide hard fork update of Ethereum. Upon its introduction, it will increase ETH efficiency, reduce block rewards for miners, and make the system more resistant to ASIC miners.

According to experts, this delay might be fatal for Ethereum in the long run. However, this is the only current course of action for ETH, and will significantly alter the schedule for next year. While it is unlikely, Ripple might replace it in the market, leading to a steep decline in Ethereum prices. However, it is difficult to predict the trend at the moment. Crypto investors will have to watch the market conditions closely.

 

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