Ethereum’s Constantinople upgrade date has been finalized. The blockchain is set to undergo a major upgrade at block number 7,280,000 scheduled for Feb 28th.
Previously scheduled for Feb 25th, the long-awaited hard fork will make changes to the Ethereum Improvement Proposals (EIPs), which will improve core protocol specifications, client APIs, and contract standards. The launch was postponed after a major security flaw was discovered. The new code is audited by a third party audit firm.
The upgrade is titled Constantinople and St. Petersburg with previous updates being Spurious Dragon and Byzantium.
The network upgrade will improve the underlying Ethereum protocol. The transition is especially difficult with the decentralized nature of Ethereum and Blockchain in general. Before the upgrades go live, test networks (Ropsten) are being upgraded to test the changes.
Scalability is a major concern for the networks and Ethererum addressing that concern is a huge step. With Etherum regaining the 2nd spot, let’s hope they fulfill their promises.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Circle of Games (COG)—Web3's multi-gaming platform has raised a $1mn round from Nazara, with participation…
Unconference Bali 2024, Asia’s premier Web3 event, is poised to take center stage against the…
Tradeleaf, a leading FinTech company empowering global trade through digital solutions, recently celebrated a significant…
Foundership Global Accelerator, a prominent force in the Web3 & Emerging-Tech Community boasting over 10,000…
April 16, 2024 - Condo, the world's first real-world asset (RWA) meme token, was recently…
The Partisia Blockchain Foundation, at the forefront of crafting privacy-enhancing and interoperable blockchain platforms, today…