Ethereum (ETH) Constantinople Hard Fork Might Be Postponed For 2019

The next Ethereum (ETH) hard fork, the renowned Constantinople, could be postponed to 2019, due to operational problems in the test network. As reported by the Infura project through Twitter, there was a problem in the consensus mechanism of the Ropsten network, which made it obsolete, so the community of developers of Ethereum (EHT) is investigating what happened and make a call to use other systems for testing until further notice.

On October 13th, at the block height of 4,230,000, the protocol was activated in the Ropsten test network. However, then, there began to appear some faults. Next Friday, on October 19th, it was deliberated to postpone the implementation of Constantinople Ethereum (ETH) hard fork.

In the sector of crypto mining, the ASIC equipment is increasingly sophisticated and could put at risk the decentralization of blockchain networks, as some analysts indicate. Thus, the change of consensus mechanism in Ethereum (ETH) network seeks to test other models to validate the confirmation of transactions and make the process physically lighter, leaving the security of the network in the cryptographic and virtual environment.

Ethereum (ETH) Constantinople hard fork postponed for 2019

Platforms such as SIA have already announced updates to address the monopoly of crypto mining equipment of Innosilicon and Bitmain, although in this case there is no need to change the Proof of Work for another mechanism for blockchain validation, only to annul the competition they consider unfair.

Bitmain, primarily, has shown to have more power to control a part of the crypto mining equipment market and, therefore, they can give certain Ethereum (ETH) mining pools the ability to mine more and dominate the blockchain.

In turn, the Ethereum (ETH) network is designed as a platform that provides smart contracts, which, at least in theory, should be increasingly accessible by the user. The cost of ERC-20 tokens’ transactions, for example, is considered very high, an impediment to their wider adoption, and accessibility for users of customized cryptocurrencies.

Jackson Bey

Jackson Bey was born and raised in Lethbridge Alberta but moved east when he was 22. Apart from running his own consulting firm. Jackson spends his time canoeing the many lakes of Ontario. As a financial journalist Jackson has published stories for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson mostly covers markets and trade.

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