Ethereum Latest Upgrades, soon to be here

The greatly anticipated Ethereum upgrades known as St. Petersburg and Constantinople are set to be released in the coming days as per a Feb. 22 official Ethereum blog post. The updates are planned to happen at Ethereum’s block 7,280,000, which should be mined on Feb. 28.
Ethereum

Additionally, the blog post explains that the two separated upgrades had to be combined into a single event due to the failed implementation of the Constantinople upgrade that was planned for January, then delayed over vulnerability concerns.

For Ethereum’s sympathizers, the upgrades are good news as they are expected to bring upon welcomed improvements to the platform.

Another feature that these upgrades will bring is the “difficulty bomb”. It will be used to prevent miners from continuing their activity on the chain after Ethereum’s switch to a Proof-of-Stake (PoS) consensus algorithm.

Ethereum developers will introduce the difficulty bomb feature before The “PoS” or Proof of stake implementation, as a measure to prevent forking of ethereum’s blockchain during PoS implementation, also they want to “make sure we don’t freeze the blockchain before proof of stake is ready & implemented.”

In addition to the difficulty bomb feature, Constantinople will also introduce a feature called “thirdening”, which is supposed to reduce the reward of every miner block from 3 to 2 ETH. Thirdening will be used to rectify and compensate for the easy mining process.

As for St. Petersburg, it will be used to erase the past Euthereum update known as Ethereum Improvement Proposal 1283.

Surely both upgrades are impatiently waited for in the Ethereum ecosystem and community. Hopefully, they will bring upon improvements necessary for the continuous advancement of the blockchain technology. However, it’s unknown how the upgrades could impact the price of Ethereum’s Ether(ETH).

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Henry-Claude Madiba

Renewable energy engineer in training. I am only interested in two things, blockchain technology and contributing to making the world a livable place for the next generations.

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