After the unsuccessful launch of the hardfork Constantinople from ethereum in November, it was decided to postpone the implementation of the project until all technical problems are resolved. Judging by the information that came, the team completed the preparatory work. It is ready to launch an update on the 7,080,000 block, which is expected to occur from January 14 to January 18, 2019.
The version of the update, which was supposed to be released in November, should have significantly increased the speed of transactions. However, in addition to this, the so-called “bomb of complexity” must be laid in it. It was it that caused a lot of disagreement in the community.
The fact is that Vitalik Buterin and other members of the Ethereum team are seriously concerned about the problem of mining decentralization. Recently, this area has literally been occupied by professional players. The fact is that in terms of power consumption and performance, even top-end video card models are significantly inferior to asics. As a result, private mining becomes unprofitable, and the balance is shifted towards the owners of specialized equipment. There is a risk that large pools will be able to dictate their conditions to the entire blockchain.
To avoid problems in the future, Ethereum decided to install a “bomb of complexity” in the update. It makes it more profitable to extract coins on relatively weak devices, and reduce profitability for professional miners of coins. However, experience has shown that even now, excluding ASICs owners from this chain will prove problematic. As a result, the Ethereum team decided to postpone the launch of the ProgPoW algorithm.
Already in the next version of the go-ethereum client, the necessary software for activating the update will appear. However, in case of unforeseen development of the situation, a button will be installed in it to delay this function.
In the meantime, not very pleasant news comes from the stock exchanges. The price of the Ethereum coin dropped to $ 90.2, while the blockchain was second only to Ripple in overall capitalization. However, in January the situation may change dramatically. Experts recognize that the asset has good potential for growth.