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Ethereum network development prospects

01/09/2019
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In the coming days, the expected hardfork network Ethereum will take place. The developers tried to launch Constantinople in November last year, but could not because of the identified technical problems. Now they are confident that the procedure will take place without delay.

What will Constantinople bring to users

The new hardfork has already received approval from leading cryptoexchanges such as Binance and Houbi. Its goal is to further optimize the algorithm and increase the speed of the transaction. It is expected that after the upgrade, the reward for each mined block will be reduced from 3 to 2 coins. But for the time being it has been decided to postpone the launch of the “complexity bomb” and the complete shutdown of the mining ASIC.

The largest number of disputes is caused by the decision to transfer the network to the Proof-of-Stake algorithm, that is, to introduce a ban on mining on specialized equipment.

The fall in cryptocurrency prices has shown that this is the right decision. Vitalik Buterin is an ardent supporter of the idea of mining decentralization, which will allow ordinary users to receive income from the operation of their equipment. It is by sabotaging large pools that some experts explain the failure of the launch of Constantinople in November.

Hard forks safety

However, now there are strange personalities who want to make money on a period of uncertainty. In particular, it was announced that three parallel forks would be launched at once in the ethereum network. Of course, qualified users will be able to distinguish the real broadcast from its followers. But not everyone will be able to recognize the original. And this causes experts some concerns.

So, on the Medium platform passed information about the launch of the ERC-20 Blue coin. It was reported that the token will appear in order to intensify work on the problem of scalability. The piquancy of the situation is that the data on the ERC-20 Blue was published on behalf of the Ethereum Foundation. Which did not confirm the fact of cooperation with new developers. As a result, the ERC-20 Blue account has been blocked.

Although the Ethereum team takes measures to ensure security, users also need to be careful during hard forks. Do not download unfamiliar applications and clients that are capable of harming or stealing personal data.

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