It was expected that on October 14 at block 4230000 in the test network Ethereum the launch of the Constantinople hardfork will pass. The developers were confident that this would significantly increase the attractiveness of the coin among investors. However, the opposition of miners and technical failures led to unexpected consequences.
The developers of the Ethereum platform planned to launch another hardfork this year. It will optimize the blockchain algorithm. A total of five changes were planned. Most of them solved small technical problems.
But the community of miners met the new fork cautiously, because it reduced the reward for the mined block. Detected software bugs have repeatedly led to the deadlines postponement. However, the Ethereum team decided to upgrade anyway. To do this, most of the major customers received updates for the mining of Constantinople, the hardfork launch was scheduled on October 14.
It did run to plan, the miners began to massively refuse to update software. As a result, the mining of the new block came to a halt for 2 hours. When it was received, serious contradictions with the original plan came to light. In particular, discrepancies between clients from Geth and Parity were identified. They went into different forks.
Despite the technical failures that have occurred, the Ethereum price is in the green zone. It won back all the losses of the past week, further growth is possible. The community has managed to show its strength, now one expect to hear the conclusions of the developers of Constantinople.
It will be impossible to mine a coin without the support of the miners; there is a probability simply not to gain enough power to conduct transactions. The tests conducted in the Ropsten test network revealed a number of problems. Now the team is analyzing the results, according to which conclusions will be drawn.
It was expected that hardfork would be launched before the end of 2018. The identified technical problems may increase this period, or make one refuse to upgrade at all. Ethereum graph almost did not notice the failure of the first test.