Ethereum Hard Fork, January 2019

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There is an Ethereum hard fork lined up for January 2019, and if you're running an Ethereum network node via Blockdaemon, you may have concerns with what you need to do about it. 

  • Constantinople Ethereum Hard Fork (Major) - Constantinople is one of the key milestones in Ethereum's roadmap to version 2.0

 Why is this happening?

The developers have figured out that the difficulty bomb  (the increasing level of mining difficulty) programmed into Ethereum has caused the blocks to become extremely slow after a point, after which no more blocks can be mined. The developers have to hard fork periodically so that ETH keeps on getting updated with the latest technology. 

When is this all taking place?

This significant ETH hard fork will be happening January, 16th 2019. The Constantinople Ethereum hard fork, which is the 2nd phase of the Metropolis project, is expected to be built on 7080000 blocks, improving efficiency and performance. This is undertaken as a step to transit from Proof of Work (PoW) protocol to Proof of Stake (PoS) protocol.  This is expected to make the ETH network faster and less costly to operate.

How (what is Blockdaemon doing and what do I need to do?):

Here's the good news. We are updating the nodes in the backend to support the new fork, so all you need to do is wake up, make some coffee and get to work. No action necessary on your part.

 

ref articles for a closer look at the fork(s): 

https://coinswitch.co/news/ethereum-hard-fork-jan-19-know-everything-about-3-upcoming-eth-hard-forks

on GitHub: 

https://github.com/ethereum/pm/wiki/Constantinople-Progress-Tracker

 

 

 

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