Ethereum is getting ready for its next two big upgrades, the Constantinople and St. Petersburg hard fork.
The much-discussed Constantinople hard fork was scheduled for implementation earlier in January, but issues of code vulnerabilities delayed the fork. Now, the hard fork will take place at Ethereum’s block 7,280,000, which is expected to happen around 28th February, according to Ethereum’s official blog post on Feb 22nd.
The Constantinople network upgrade will bring in multiple platform efficiency improvements as well as the delay of difficulty bomb and the decrease of Ethereum’s block reward. The fork will delay the difficulty bomb for approximately 12 months and the period is referred to as ice-age delay. Ethereum will be reducing the reward for easier mining process from the current 3 ETH to 2 ETH.
The other network upgrade, the St. Petersburg is implemented to delete the previous update, Ethereum Improvement Proposal 1283, from Ethereum’s test network. Both the network upgrades have been combined to a single event and occur on the same block number as Constantinople.
According to the blog post:
The Ethereum network will be undergoing a scheduled upgrade at block number 7,280,000, which is predicted to occur on Thursday, February 28, 2019. The exact date is subject to change depending on block times between now and then and could be activated 1-2 days before or after.
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