Why is digital community waiting for the mid-January so desperately, and what’s the point of the highly anticipated digital event?
Positive forecast
The experts are pretty positive in their forecasts for the upcoming year — some of them highly positive, in no small part John McAfee (no surprise since he has something to lose). This is the case of whose essential problems are expected to be fixed in 2019, scalability and security issues essentially.
And that is the reason for the eager wait for the new planned Constantinople hardfork which is scheduled for the middle of January.
Savior hardfork
Constantinople is primarily expected to obtain smooth transitioning from proof-of-work to the proof-of-stake consensus algorithm which is more energy efficient. The so-called “consensus problem” was the main reason for the hardfork launch to be pushed back from October to January.
Once the hardfork is activated it should change the fundamentally. The nodes will be synchronously updated to the entire system. The upgrade will become active after about 38 days after Constantinople hardfork, that depends on the number of remaining blocks and their block time. The inflation should be declined. The code changes are about to push the so-called “difficulty bomb” back 18 months (that should complicate as time goes as well as see to the early upgrades) and to lessen award for miners from 3 ETH to 2 ETH.
Talking of the long expectancy, all the news regarding the Constantinople launch were accompanied by the rumors of fundamental disagreement between developers that could result in the one more spontaneous hardfork. Well, let’s wait for the new year to come and we’ll get to see that firsthand!
Published at Mon, 07 Jan 2019 13:16:43 +0000
