Constantinople has officially been postponed to launch in 2019

Ethereum

The launch of Constantinople, the next Ethereum hard fork, has officially been postponed until 2019.

As previously reported, Ethereum developer Afri Schoeden had stated that the fork would not be released this year after hitting several issues related to the consensus of the network.


The team was hoping to activate the fork next month, in November, but have now had to push the launch back. This is as the result of finding bugs in the code that was released on a testnet. In a live-streamed meeting, the team decided that launching this year would not be a good idea and are now aiming to launch in January or February of next year. In the meeting, Schoeden stated:

“I keep getting the feeling that we’re trying to rush this and I would second that we should breathe and see what happens.”

You can watch the documented meeting:

Constanipole is hoping to introduce new features to the Ethereum platform and, since the changes would be backward-compatible, the new network is to be forked. Despite the fact that the network will be delayed, the development team is still eager to move forward with the change. It was explained that the proposed changes, which include reducing the Ether block reward by 33% as well as a potential consensus mechanism change, will still be included in the fork.

As explained, a hard fork creates a blockchain from an original blockchain with new software. The new network is incompatible with the original technology, which is why a new coin is created.

The exact date of Constantinople’s launch remains to be seen.

Related Articles

Should Beijing look at its crypto ban? A former bank member believes so

A former member of the Monetary Policy Committee at the People’s Bank of China believes the ban on China should be reconsidered.

United Kingdom riddled with crypto scams

Owing to the lack of regulation and restriction in the United Kingdom, fraudulent companies have been flocking to the country.

US lawmakers seek answers from Silvergate about FTX link

United States senators have requested information from Silvergate Capital regarding the firm's association with FTX.

Bitcoin value in Nigeria surges as cash-free society initiative expands

The adoption rate of cryptocurrency in Nigeria hits new highs and the price of Bitcoin has hit a more than 60% premium.

See All