17 hours left before Ethereum hardfork begins
Let's see can this hardfork affected the price of Ethereum or no, yesterday I see on the market price of Ethereum got pumped a little but then is dumped again.
I hope with this Hardfork it can make transaction fee cheaper then transaction process faster...
Topic: Ethereum Constantinople/St. Petersburg Upgrade Announcement (Read 189 times)
Well, finally the network upgrade of Ethereum will going to be done soon.
It should only one upgrade, Constantinople fork. It is because the previous fork has been delayed, so there will be 2, Constantinople and St Petersburg.
I hope Ethereum will be better in the future with the developments created by their devs.
It should only one upgrade, Constantinople fork. It is because the previous fork has been delayed, so there will be 2, Constantinople and St Petersburg.
I hope Ethereum will be better in the future with the developments created by their devs.
This is a massive update for Ethereum and only few people will actually understand the benefits after the updates are implemented. I look forward of the changes in the Ethereum network after the upgrade and see how the market will react. Hoping no more delay and no more bugs. Hoping to have another good run of eth in terms of price after this update.
Ok, all info about ETH... and what should we expect form all our ERC-20 tokens? I am relaly worried about any team that doesnt follow whatever needs to be done and the tokens are'nt upgraded propperly!
If I'm not wrong, there is no need to do anything with respect to Ethereum tokens. This upgrade will not affect tokens in any way.
I don't understand who can decide what to do with the ETH? They are doing lots of changes but who decide what to do?
I heard the fork will finally happen on the 28th of February and am patiently waiting for the fork
me too and just try to hope all of the progress will be working perfectly without any problem in the ethereum network. We are waiting for more and more block reward decrease and that's it. People are waiting for that too. I think that much more important than the price increase is that technology connected with the cryptocurrency market is still developing. Such an upgrade will allow the development of further projects and ofcourse the entire market.
Some great information in the OP so thanks for posting that and making things clear for most people, I think the switch to POS is a good move for Ethereum, as mining has proven to be a power hungry way of providing network operations.
I heard the fork will finally happen on the 28th of February and am patiently waiting for the fork
me too and just try to hope all of the progress will be working perfectly without any problem in the ethereum network. We are waiting for more and more block reward decrease and that's it. People are waiting for that too. 
A lot of people have big hopes related with constantinople, personally I'm a little affraid for it. Do you guys think price will go up after 28th of february? Changes and upgrades wuch I just read makes me glad, hope they'll do it right.
If everything goes according to the plan, for sure the price will started to go up again. This is not a small update so technically it will give us a better technology that can result to a better value of ETH. I think this one is what we are waiting for, no more delays and excuses its time for us to grow now be more patient. This is very specific and on target information regarding the upcoming eth upgrades so what is your conclusion regarding the effect of these upgrades on the overall crypto market and the price of the eth it would be great to hear senior members views on this important topic.
In my oinion everything continued as it should have been until the last fall, but the sudden drop in BTC also affected it, and the price went down approximately 19%. Before, my opinion was the price increase until hard fork, after price would come down again, but the crypto again asked questions from where we did not expect.
This is very specific and on target information regarding the upcoming eth upgrades so what is your conclusion regarding the effect of these upgrades on the overall crypto market and the price of the eth it would be great to hear senior members views on this important topic.
A lot of people have big hopes related with constantinople, personally I'm a little affraid for it. Do you guys think price will go up after 28th of february? Changes and upgrades wuch I just read makes me glad, hope they'll do it right.
I really want this update to happen this time. We need to move forward, and for this we need to update and improve the ready-made systems. Etherium is a necessary and promising platform, as well as the best for ico. Of course, many no longer believe in all these promises, but I believe that the crypto community should come together and still support all possible news and events that have a positive effect on the development of the blockchain and the crypto market as a whole. The fact is that if we break out in the crypto industry, then all this can end badly. So we are not discouraged and we believe that the Etherium updates will be successful.
This is not the first time they are announcing about ethereum Constantinople all of a sudden they will postpone the date and it happened in January as well. A lot of them expected a change in the market as it was suppose to happen but it doesn't happen at all. A lot of big shots come up with great news but fail at the end of the day.
Will they actually go through with this upgrade this time OR will it be postponed like the last couple of times? Anyhow, I can see that the new upgrade already contains within itself a delay: they are delaying the difficulty bomb for at least 12 month.
I cannot shake the feeling that the developers team is not really sure what they should be doing. The endless delays just compound the problems, not to mention that the competition is getting stronger by the day.
I cannot shake the feeling that the developers team is not really sure what they should be doing. The endless delays just compound the problems, not to mention that the competition is getting stronger by the day.
Ethereum will make 2 forks by the end of the year. I think the POS will be fully active if these forks are successful. But what about the token of the Ethereum network? Does anyone know about this?
Ok, all info about ETH... and what should we expect form all our ERC-20 tokens? I am relaly worried about any team that doesnt follow whatever needs to be done and the tokens are'nt upgraded propperly!
I heard the fork will finally happen on the 28th of February and am patiently waiting for the fork
Ethereum constantinople has been announced many times but has not taken place once so far. But this time this news may turn true, I wish. Ethereum constantinople will give hope to the coin that is declining in price. And it is also good news that coins are trying to compete in the market by upgrading their system and making the whole cryptocurrency more stronger.
he Ethereum network will be undergoing a scheduled upgrade at block number 7,280,000, which is predicted to occur on Thursday, February 28, 2019. The exact date is subject to change depending on block times between now and then and could be activated 1-2 days before or after. A countdown timer can be seen at https://amberdata.io/blocks/7280000. You can monitor the network upgrade in real time at http://forkmon.ethdevops.io/.
What is Constantinople and St. Petersburg?
Constantinople and St. Petersburg are the names given to this network upgrade. Previous network upgrades have been given other names such as Spurious Dragon and Byzantium. The reason that this network upgrade has two names is because the original Constantinople network upgrade was postponed and two protocol upgrades will need to occur on the same block number in order to fix issues on various Ethereum test networks, such as Ropsten.
As an Ethereum user or ether holder is there anything I need to do?
If you use an exchange (such as Coinbase, Kraken, or Binance), a web wallet service (such as Metamask, MyCrypto, or MyEtherWallet), a mobile wallet service (such as Coinbase Wallet, Status.im, or Trust Wallet), or a hardware wallet (such as Ledger, Trezor, or KeepKey) you do not need to do anything unless you are informed to take additional steps by your exchange or wallet service.
As a node operator or miner, what do I need to do?
Download the latest version of your Ethereum client:
Latest geth client (v1.8.23)
Latest Parity client (v2.2.10-stable)
Latest Harmony client (v2.3 Build 74)
Latest Pantheon client (v0.9.1)
Latest EthereumJS VM client (v2.6.0)
Latest version of Ethereum Wallet/Mist (v0.11.1)
What happens if I am a miner or node operator and I do not participate in the upgrade?
If you are using an Ethereum client that is not updated to the latest version (listed above), your client will sync to the pre-network upgrade blockchain once the upgrade occurs. You will be stuck on an incompatible chain following the old rules and you will be unable to send ether or operate on the post-upgrade Ethereum network.
What is a network upgrade in Ethereum-land?
A network upgrade is a change to the underlying Ethereum protocol, creating new rules to improve the system. The decentralized nature of blockchain systems makes a network upgrade more difficult. Network upgrades in a blockchain require cooperation and communication with the community, as well as with the developers of the various Ethereum clients in order for the transition to go smoothly.
What happens during a network upgrade?
After the community comes to an agreement concerning which changes should be included in the upgrade, changes to the protocol are written into the various Ethereum clients, such as geth, Parity, and Harmony. The protocol changes are activated at a specific block number. Any nodes that have not been upgraded to the new ruleset will be abandoned on the old chain where the previous rules continue to exist.
What changes are going into Constantinople?
Changes that are implemented in Constantinople are defined using EIPs. Ethereum Improvement Proposals (EIPs) describe standards for the Ethereum platform, including core protocol specifications, client APIs, and contract standards. The following EIPs will be implemented in Constantinople.
EIP 145: Bitwise shifting instructions in EVM
Provides native bitwise shifting with cost on par with other arithmetic operations.
EVM is lacking bitwise shifting operators, but supports other logical and arithmetic operators. Shift operations can be implemented via arithmetic operators, but that has a higher cost and requires more processing time. Implementing SHL and SHR using arithmetics cost each 35 gas, while these proposed instructions take 3 gas.
In short: This EIP adds native functionality to protocol so that it is cheaper & easier to do certain things on chain.
EIP 1014: Skinny CREATE2
Adds a new opcode at 0xf5, which takes 4 stack arguments: endowment, memory_start, memory_length, salt. Behaves identically to CREATE, except using keccak256( 0xff ++ address ++ salt ++ keccak256(init_code)))[12:] instead of keccak256(RLP(sender_address, nonce))[12:] as the address where the contract is initialized at.
This allows interactions to be made with addresses that do not exist yet on-chain but can be relied on to only possibly contain code eventually that has been created by a particular piece of init code.
Important for state-channel use cases that involve counterfactual interactions with contracts.
In short: This EIP makes it so you can interact with addresses that have yet to be created.
EIP 1052: EXTCODEHASH opcode
This EIP specifies a new opcode, which returns the keccak256 hash of a contract’s code.
Many contracts need to perform checks on a contract’s bytecode, but do not necessarily need the bytecode itself. For instance, a contract may want to check if another contract’s bytecode is one of a set of permitted implementations, or it may perform analyses on code and whitelist any contract with matching bytecode if the analysis passes.
Contracts can presently do this using the EXTCODECOPY opcode, but this is expensive, especially for large contracts, in cases where only the hash is required. As a result, a new opcode is being implemented called EXTCODEHASH which returns the keccak256 hash of a contract’s bytecode.
In short: This EIP makes it cheaper (less gas is needed) to do certain things on chain.
EIP 1234: Constantinople Difficulty Bomb Delay and Block Reward Adjustment
The average block times are increasing due to the difficulty bomb (also known as the “ice age”) slowly accelerating. This EIP proposes to delay the difficulty bomb for approximately 12 months and to reduce the block rewards to adjust for the ice age delay.
In short: This EIP make sure we don’t freeze the blockchain before proof of stake is ready & implemented.
What changes are going into St. Petersburg?
Before Ethereum performs network upgrades on the main network, test networks, such as Ropsten, are upgraded to test the changes. The original Constantinople changes, listed in this blog post, were applied to test networks before the postponement and require a 2nd network upgrade to reverse the original Constantinople changes. This is called St. Petersburg and it occurs on the same block number as Constantinople.
The following EIP was removed from test networks using the St. Petersburg network upgrade:
REMOVING EIP 1283: Net gas metering for SSTORE without dirty maps
Thank You!
A big thanks to the Ethereum community, and to all Ethereum developers across all clients and platforms who came together to provide input, thoughts, and contribution. Special thanks to Reddit user cartercarlson who let us use his Reddit post and the MyCrypto team who let us use their “Ethereum Constantinople: Everything You Need To Know” Medium post.
DISCLAIMER: This is an emergent and evolving highly technical space. If you choose to implement the recommendations in this post and continue to participate, you should make sure you understand how it impacts you. You should understand that there are risks involved including but not limited to risks like unexpected bugs. By choosing to implement these recommendations, you alone assume the risks of the consequences. This post and recommendations are not a sale of any kind and do not create any warranties of any kind including but not limited to any relating to the Ethereum network or the Ethereum clients referred to herein.
What is Constantinople and St. Petersburg?
Constantinople and St. Petersburg are the names given to this network upgrade. Previous network upgrades have been given other names such as Spurious Dragon and Byzantium. The reason that this network upgrade has two names is because the original Constantinople network upgrade was postponed and two protocol upgrades will need to occur on the same block number in order to fix issues on various Ethereum test networks, such as Ropsten.
As an Ethereum user or ether holder is there anything I need to do?
If you use an exchange (such as Coinbase, Kraken, or Binance), a web wallet service (such as Metamask, MyCrypto, or MyEtherWallet), a mobile wallet service (such as Coinbase Wallet, Status.im, or Trust Wallet), or a hardware wallet (such as Ledger, Trezor, or KeepKey) you do not need to do anything unless you are informed to take additional steps by your exchange or wallet service.
As a node operator or miner, what do I need to do?
Download the latest version of your Ethereum client:
Latest geth client (v1.8.23)
Latest Parity client (v2.2.10-stable)
Latest Harmony client (v2.3 Build 74)
Latest Pantheon client (v0.9.1)
Latest EthereumJS VM client (v2.6.0)
Latest version of Ethereum Wallet/Mist (v0.11.1)
What happens if I am a miner or node operator and I do not participate in the upgrade?
If you are using an Ethereum client that is not updated to the latest version (listed above), your client will sync to the pre-network upgrade blockchain once the upgrade occurs. You will be stuck on an incompatible chain following the old rules and you will be unable to send ether or operate on the post-upgrade Ethereum network.
What is a network upgrade in Ethereum-land?
A network upgrade is a change to the underlying Ethereum protocol, creating new rules to improve the system. The decentralized nature of blockchain systems makes a network upgrade more difficult. Network upgrades in a blockchain require cooperation and communication with the community, as well as with the developers of the various Ethereum clients in order for the transition to go smoothly.
What happens during a network upgrade?
After the community comes to an agreement concerning which changes should be included in the upgrade, changes to the protocol are written into the various Ethereum clients, such as geth, Parity, and Harmony. The protocol changes are activated at a specific block number. Any nodes that have not been upgraded to the new ruleset will be abandoned on the old chain where the previous rules continue to exist.
What changes are going into Constantinople?
Changes that are implemented in Constantinople are defined using EIPs. Ethereum Improvement Proposals (EIPs) describe standards for the Ethereum platform, including core protocol specifications, client APIs, and contract standards. The following EIPs will be implemented in Constantinople.
EIP 145: Bitwise shifting instructions in EVM
Provides native bitwise shifting with cost on par with other arithmetic operations.
EVM is lacking bitwise shifting operators, but supports other logical and arithmetic operators. Shift operations can be implemented via arithmetic operators, but that has a higher cost and requires more processing time. Implementing SHL and SHR using arithmetics cost each 35 gas, while these proposed instructions take 3 gas.
In short: This EIP adds native functionality to protocol so that it is cheaper & easier to do certain things on chain.
EIP 1014: Skinny CREATE2
Adds a new opcode at 0xf5, which takes 4 stack arguments: endowment, memory_start, memory_length, salt. Behaves identically to CREATE, except using keccak256( 0xff ++ address ++ salt ++ keccak256(init_code)))[12:] instead of keccak256(RLP(sender_address, nonce))[12:] as the address where the contract is initialized at.
This allows interactions to be made with addresses that do not exist yet on-chain but can be relied on to only possibly contain code eventually that has been created by a particular piece of init code.
Important for state-channel use cases that involve counterfactual interactions with contracts.
In short: This EIP makes it so you can interact with addresses that have yet to be created.
EIP 1052: EXTCODEHASH opcode
This EIP specifies a new opcode, which returns the keccak256 hash of a contract’s code.
Many contracts need to perform checks on a contract’s bytecode, but do not necessarily need the bytecode itself. For instance, a contract may want to check if another contract’s bytecode is one of a set of permitted implementations, or it may perform analyses on code and whitelist any contract with matching bytecode if the analysis passes.
Contracts can presently do this using the EXTCODECOPY opcode, but this is expensive, especially for large contracts, in cases where only the hash is required. As a result, a new opcode is being implemented called EXTCODEHASH which returns the keccak256 hash of a contract’s bytecode.
In short: This EIP makes it cheaper (less gas is needed) to do certain things on chain.
EIP 1234: Constantinople Difficulty Bomb Delay and Block Reward Adjustment
The average block times are increasing due to the difficulty bomb (also known as the “ice age”) slowly accelerating. This EIP proposes to delay the difficulty bomb for approximately 12 months and to reduce the block rewards to adjust for the ice age delay.
In short: This EIP make sure we don’t freeze the blockchain before proof of stake is ready & implemented.
What changes are going into St. Petersburg?
Before Ethereum performs network upgrades on the main network, test networks, such as Ropsten, are upgraded to test the changes. The original Constantinople changes, listed in this blog post, were applied to test networks before the postponement and require a 2nd network upgrade to reverse the original Constantinople changes. This is called St. Petersburg and it occurs on the same block number as Constantinople.
The following EIP was removed from test networks using the St. Petersburg network upgrade:
REMOVING EIP 1283: Net gas metering for SSTORE without dirty maps
Thank You!
A big thanks to the Ethereum community, and to all Ethereum developers across all clients and platforms who came together to provide input, thoughts, and contribution. Special thanks to Reddit user cartercarlson who let us use his Reddit post and the MyCrypto team who let us use their “Ethereum Constantinople: Everything You Need To Know” Medium post.
DISCLAIMER: This is an emergent and evolving highly technical space. If you choose to implement the recommendations in this post and continue to participate, you should make sure you understand how it impacts you. You should understand that there are risks involved including but not limited to risks like unexpected bugs. By choosing to implement these recommendations, you alone assume the risks of the consequences. This post and recommendations are not a sale of any kind and do not create any warranties of any kind including but not limited to any relating to the Ethereum network or the Ethereum clients referred to herein.
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