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Ethereum [ETH] Constantinople Mainnet hard fork scheduled for block 7080000, says core developer

Priya

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Ethereum [ETH] Constantinople Mainnet hard fork scheduled for block 7080000, says core developer
Source: Pixabay

The most awaited hard fork in the cryptocurrency community, Ethereum [ETH]’s Constantinople is finally set to take place in Q1 next year. The hard fork is going to occur at block 7080000 around January 16, 2019.

The announcement was made by key developers of the platform on their social media platform, including Peter Szilagi and Afri Schoedon. Szilagi said:

“#Ethereum Constantinople mainnet hard fork scheduled for block #7080000, estimated around the 16th of January, 2019!”

The announcement of the hard fork was initially made in the month of July 2017, during a developer and stakeholder meet, with their goal set on making the network more efficient and less expensive.

The hard fork proposes the implementation of five Ethereum improvement protocols [EIP]s. One of the well-known implementations is the reduction of the block mining reward issuance, from 3 ETH to 2 ETH and delaying the difficulty bomb for 12 months.

The upgrade will also be improving the efficiency of the network and performance. Additionally, the hard fork will also ensure that the network is faster and will be focusing on the optimization of the developers’ experience and decreasing the overall cost for developers.

Moreover, it was decided that the hard fork will take on the Ropsten Testnet first, following which it will be launched on the main chain succeeding Devcon 4. However, the Testnet had its own hurdles, with it being delayed first and then encountering several issues during the Ropsten Testnet.

According to Peter, the reason for the delay of the test net was a Denial of Service [DoS] attack that was encountered on the Ethereum Virtual Machine [EVM]. Whereas during the Testnet, the consensus bug was discovered in Parity. Lane Rettig, another core developer, stated that the confusion over the meaning of terms such as transaction and execution frame could have contributed to the bug.



There was also issues related to miners and the mechanism of Parity and Geth. In the post-mortem report, Rettig had stated that there was an issue with the availability of miners on Parity, Geth or Aleth for Ropsten Testnet.

He also added that Parity had a limit on how far back the nodes could automatically reorganize themselves, as the fork was too long for Parity Ethereum nodes, which was not the same case as Geth.





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

Ethereum

Ethereum [ETH]: Samsung planning to create its own ETH-based blockchain; may issue own token soon

Akash Anand

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Ethereum [ETH]: Samsung in the works to create its own ETH-based blockchain, may issue own token soon
Source: Pixabay

The mainstream adoption of cryptocurrencies and blockchain technology has come a long way, with many financial and non-financial institutions now entering the mix. Technology giant, Samsung, is not new to the field, as the South Korean organization previously blew up the cryptosphere by meshing crypto with the launch of the company’s latest flagship device, the Galaxy S10.

Latest reports now suggest that Samsung is getting more serious about virtual assets, as the company might be on its way to create its own Ethereum [ETH]-based blockchain network, with the prospect of launching its own cryptocurrency token in the near future. An anonymous official from the organization stated,



“Currently, we are thinking of private blockchain, though it is not yet confirmed. It could also be public blockchain in the future, but I think it will be hybrid—that is, a combination of public and private blockchains.”

Sources from within the company added that blockchain technology is being developed by the wireless technology division of Samsung. Despite the fact that it has not been confirmed as to what devices will provide support for the blockchain, a company official revealed that “some models are being tested for it.”

Samsung’s tryst with Ethereum has been ongoing for quite some time now, with previous developments suggesting that Ethereum could be vulnerable on the S10 device. This was evidenced by a video put out by a user ‘darkshark’ on Imgur, in which it was shown how easy it was to crack the phone. Darkshark stated,

“This brings up a lot of ethics questions and concerns. There’s nothing stopping me from stealing your fingerprints without you ever knowing, then printing gloves with your fingerprints built into them and going and committing a crime.”





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