Ethereum’s Network Upgrade via Hardfork : Constantinople !

Ethereum’s Network Upgrade via Hardfork : Constantinople !

Ethereum’s open-source development team announced a Hardfork at Block 7,080,000 ;which might be around 16th January, 2019,which was earlier to be scheduled in October,2018.

Key takeaways of the Hardfork in laymans terms :-

  1. It’s a network upgrade, no new coins to be generated.
  2. Reducing mining rewards from 3 ETH to 2 ETH.
  3. Reducing ETH’s inflation
  4. For Scaling  network.

Its expected that this Hardfork is going to improve the Ethereum’s Network exponentially.

FOR updates check out twitter handle of the Constantinople lead team https://twitter.com/5chdn/status/1079095325325955073

 

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