[Tech M = reporter Kim Tae-hwan] As the Constantinople upgrade, which has been delayed several times, is finally in operation, expectation of the block chain industry is rising.
The upgrade of the world’s second-largest block-chain network is expected to increase real-world use cases.
I do not have a ‘hard fork split’ like a bit coin.
According to a recent block chain industry, major foreign companies such as THE NEXT WEB reported that was upgraded to software called “Constantinople and Saint Petersburg”.
The upgrade was done in the 7.28 millionth block on the Etherium network as previously announced. UTC time is 28th at 7:30 pm local time.
The Constantinople upgrade is designed to reduce block rewards for miners to evolve into 2.0 and increase network efficiency for developers.
has also released software called ‘Constantinople’ and ‘Saint Petersburg’ through this upgrade.
When it comes to 2.0, Constantinople gives node operators, miners, and users time to step in front of drastic changes. It contains a total of four Improvement Proposals (EIPs), and the miners have reduced the rewards they generate and receive from the existing three to two.
It also improved smart contract operations so that developers of De-App (decentralization applications) could work efficiently on networks, and also optimized gas rates (fees) for contract execution.
For this upgrade, the block chain industry is expected to increase the actual use of block chains.
First, like bit coin, ‘hard fork’ does not show the division of power due to.
A hard fork is a case in which when a network is upgraded, there is a lot of change, so that a complete update is performed from a specific block so as not to be compatible with the existing block chain. If you do not introduce a hard fork update among existing network participants, you will see two separate chains that actually break up.
has been broken down into caches (BCH), gold (BCG), 2MB (BT2) and silver (BCS) each time a hard fork is made. had an Classic when it was upgraded in 2016.
is a strong influence of the miners, and disputes between the powers have not ceased according to the method. This will cause the coin to break down and the value to decline.
This Constantinople and Saint Petersburg hardfork can be fully conserved and become more influential as they are completed without such an accident. The actual price of indium has remained steady since mid-January, without a substantial decline or rise. If the weakness does not appear, the possibility of a rise in prices is higher than the decline in prices.
An industry source from the block chain said, “The decline in bit-coin cipher prices has been largely attributed to the disruption caused by the hard fork, and most of the participants seem to agree with the hard fork. “He said.
“Possibility of increased participation of operators”
Expectations for lower commissions and speed improvements are also rising. If commissions are reduced, there is a greater likelihood that business participation will increase.
The state channel improvement, one of the components of the Constantinople upgrade, opens up a channel for connecting both sides outside the block chain, rather than recording all transactions in the block chain. This increases speed and bandwidth. It is possible to implement more smooth service.
Another block chain official said, “If the infrastructure is improved in the ecosystem, there will be an increase in the number of operators that actually use it.” More importantly, the process will move from PoW to PoS. “He said.
[Tech M = reporter Kim Tae Hwan (kimthin@techm.kr)
Source:
Published at Tue, 05 Mar 2019 01:51:14 +0000
