Getting to Grips with Ethereum’s Upcoming Hard Fork
By Jamie Green – Crypto Dealer
The long-planned Ethereum Hard Fork was due to happen on January 16th 2019 and although there are delays, we wanted to let you know a few things especially if you want Ethereum for ICO. Constantinople is set to be a key milestone on the company’s plans to move the protocol from Proof-of-Work (PoW) to Proof-of-Stake (PoS) in the 2.0 version.
The changes are minor compared to their bigger plans for future of buying crypto. The update offers new opcodes which are pieces of logic in a machine language instruction that programmer’s use when developing smart contracts. These will help delay the intensity of the mining issues and helps to reduces the prize for finding blocks. They will also change and improve the way gas is used.
The activated nodes that run Constantinople won’t be compatible with the previous Ethereum version, which is the result of a hard fork on the blockchain. Once the hard fork happens, the nodes working from the latest software will operate from this new fork. The nodes running from the legacy software will no longer be compensated as the tokens on the old fork will be worthless. This will mean that the users will automatically have their ether available to buy crypto and spend on the new fork.
Most hard forks produce two different cryptocurrencies and this one has been described as “non-contentious” to encourage the community to adopt the upgrade. All clients will be ready to receive the upgrade and we await the fork to happen.
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