The Constantinople upgrade plans to bring several optimizations to the platform like low-cost transaction fees while improving the efficiency of the Ethereum network.
Ethereum developers are now gearing up for the next system-wide upgrade and are testing the code for its Constantinople hard-fork. for the past few months, Ethereum developers have been working hard on solving the issues for scalability and efficiency of the Ethereum network, and this hard fork will be a big step in this direction.
During a core developer meeting last Friday, the stakeholder said that the Constantinople hard fork could be implemented across the system before October’s Devcon4 Ethereum conference. Although the exact block number at which the hard-fork would take hasn’t been confirmed yet as the team is currently working on some backward-incompatible changes.
Currently, there are four different Ethereum Improvement Proposals (EIPs) which are being implemented by different developers. The roadmap of the implementation will continue till the 13th of August next month after which it will enter a testing phase for two months through the launch of a Constantinople-specific test network.
Constantinople is basically the second of the two-part series of the upgrade. This upgrade plans to bring several optimizations to the platform like low-cost transaction fees. Péter Szilágyi, lead developer of the most popular Ethereum client – Geth said that they have already implemented most of the changes. He said: “The EIPs are mostly done”.
Some of the additional upgrades that are currently in the implementation phase are EIP 210, that looks after how the block hashes are stored on the Ethereum, and EIP 145 that improves the speed of arithmetic in the Ethereum virtual machine (EVM). The developers are working on other two upgrades EIP 1014 for adding the Ethereum state channels and EIP 1052 which is a new opcode that compresses the way channels interact.
Another latest development taking place in the Ethereum ecosystem is the popular online crypto wallet service MyEtherWallet launching the beta version of its MEWconnect mobile application that promises to provide the security of cold-storage wallet right on your mobile phone.
Currently, the beta version of this application is launched on the IOS and the full launch is expected by August on both – Android and iOS platforms. The good thing about the MEWconnect application is that it is absolutely free, which encourages more users and website visitors to adopt better security practices. The wallet service provider writes in its blog-post:
“The MEW team take every phishing attack and hacking attempt to undermine our platform very seriously. Our top priority is always user security and we want to make sure that we are doing everything we can to protect the cryptocurrency community from criminals trying to exploit this new platform.”
The MEWconnect applications operate similarly to hardware solutions provider Ledger and Trezor and allow users to log into its services directly without typing their private keys, thereby making it less susceptible to hacking.