No Respite For Ethereum as Constantinople Hard Fork Approaches

Ethereum’s long awaited Constantinople hard fork and network upgrade is due this Wednesday but last week’s crypto crash, followed by further losses yesterday, have resulted in ETH wiping out most of its recent gains.Hard Fork Expected WednesdayAccording to a recent post on the Ethereum blog the scheduled upgrade will occur at block number 7080000 which is predicted to arrive on Wednesday, January 16. A countdown has been posted to get a more accurate timing of the hard fork.Constantinople will provide several key upgrades to the Ethereum network addressing performance, cost efficiency, and further preparation for an eventual switch to proof of stake consensus. Five Ethereum Improvement Proposals (EIPs) will be implemented during the upgrade.The first, EIP 145, upgrades bitwise shifting instructions in the Ethereum Virtual Machine (EVM) so that it uses less gas. This essentially adds ‘native functionality to the protocol so that it is cheaper and easier to do…

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