Ethereum Hard Fork Test Goes Awry, “No Constantinople In 2018” Developer Says


Ethereum

On Friday, during the Ethereum Foundation’s bi-weekly developer meeting, the attendees of the call revealed that the planned “Constantinople” hard fork was on track for its November 2018 release. For those who aren’t in the loop, Constantinople is one of Ethereum’s largest upgrades to-date, which will hopefully see the popular blockchain network undergo a variety of changes to better the developer and end-user experience. The most notable of these changes, as covered by Ethereum World News previously, is a block reward deduction from 3 ETH to 2 ETH every 14 seconds. Per data compiled by Ethereum proponent Eric Conner, the 33% reduction of block rewards was drastically improve the Ether inflation rate, which currently sits at 7.4% annually. Eduardo Gomez, a Venezuelan cryptocurrency commentator, likened this move to a Bitcoin block reward halving event, adding that prices will first dump “then moon” in the months following the event. This block reward “two-thirding” obviously irked many miners, as these individuals claimed that profitability would have gone out the window. But still, in the aforementioned meeting, the 18 attendees, which consisted of the crypto industry’s foremost developers and innovators, added that Constantinople was slated to go live on the Ropsten testnet by Sunday, October 14th.

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About Ethereum (ETH): Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.

Ethereum (ETH) is the 2nd largest cryptocurrency by market cap size. It is up 0.18% over the past 24 hours and is currently trading at $199.31. It can be bought with fiat dollars, credit cards, or debit cards on cryptocurrency exchanges such as Coinbase, CEX.io, and Changelly.

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