The Ethereum core developers postponed the launch of Constantinople Hard Fork to February 27th.
The Constantinople is a series of upgrades to the operating system of the Ehtereum blockchain, this hard fork update will increase the efficiency and improve the performance of the Ethereum network. This is the reason, it is imperative for the best crypto exchange to attain Ethereum’s next hard fork system upgrade in its platform.
The Constantinople also known as Ethereum 2.0 promises to trigger the revolution of the Ethereum blockchain. The main role of this update is to attain the serenity by changing its algorithm from proof-of-work to proof-of-stake. Constantinople hard fork comes with a lots of advanced logic “Opcodes” which will help the developers to create Smart Contracts. The opcodes will delay the difficulty bomb slashing block rewards from 3 to 2 ETH.
The Constantinople hard fork introduces to 5 Ethereum Improvement Proposals (EIPs) which includes:
EIP 1234: Block Reward Reduction and Difficulty Bomb Delay
This Ethereum Improvement Proposal is the most talked Constantinople hard fork upgrade which includes mainly 2 factors: Block Reward Reduction and Difficulty Bomb Delay.
EIP 145: Bitwise Shifting Operation
It is used for a native bitwise shifting operation that allows dApp developers to optimize certain operation to save gas.
EIP 1014: Better Interaction
EIP 1014 allows users to interact with the addresses that have not yet been initiated on the blockchain.
EIP 1052: New Opcodes
It introduces new opcodes to generate specific types of address hashes.
EIP 1283: SSTORE
It will enable new functions and reduce gas cost. Its main aim is to reduce the gas cost or making the developer’s life easier by reducing the complexity of common tasks.
We can say that Constantinople hard fork will give Ethereum community a remarkable success by providing the cost efficiency, speed, and feature-rich fuctionalities. That’s why it is imperative for the best coin exchange platforms especially for those who are dealing with ETH to upgrade the hard fork on their Ethereum network.