Upcoming Ethereum Hard Fork – What you need to know

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Constantinople

Ethereum has an upcoming hard fork called Constantinople. In this article, we will cover why Ethereum is hard forking and give you the basics of what you need to know.

Firstly don’t panic! Many people think hard forks are a bad thing, that is certainly not always the case. Most people know of hard forks from having gone through the big daddy of Forks, the Bitcoin hard fork to Bitcoin Cash. Now that was a wild ride and in many respects continues to be so with battle-lines still firmly in place between the two communities. August 1st is the anniversary of that fork or the 1st birthday party for Bitcoin Cash, whatever way you want to look at it. More on that in numerous articles this week. Back to Ethereum’s hard fork. Yes, Ethereum has hard forked before with plenty of drama involved. In 2016 Ethereum split in two, and we now have Ethereum Classic as well as Ethereum. This split happened due to members of the community not being happy with the security aspects of the network. This fork does not have drama as part of the deal, it is a software upgrade.

Why is Ethereum Hard forking?

This hard fork, named Constantinople is essentially the second phase of Metropolis, the name for the overall project to upgrade. The first phase was called Byzantium and took place in October of last year. The upgrade or hard fork, is scheduled to be finished by this October, most likely before October’s Devcon4 Ethereum conference, according to stakeholders during a core developer meeting Friday. A total of four Ethereum improvement upgrades or EIPs are currently being implemented by developers.

Péter Szilágyi, lead developer of Geth, the most popular Ethereum client, said they have already implemented most of the changes.

Ethereum developers are implementing these software upgrades with the intention of making the Ethereum network faster, less expensive and more efficient. In their words, they are ‘ushering in a new age of Blockchain technology‘.

This is a significant upgrade in Ethereum and as such requires, a hard fork. The Ethereum community supports this hard fork.

Here is a good video from Ivan on tech if you want some more technical insight into this Ethereum hard fork and make sure to subscribe to stay up to day on everything to do with hard forks and the latest happenings in our industry.

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Looking forward to it ~~~

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support

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Hope you can get more in mining and interactive.

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dukung

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@BAREP #4

dukung

 opo iyo ngerti? hehehe

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