According to an official report published in the blog of the developers of Ethereum, the activation of the next two network updates – Constantinople and St.Petersburg – will take place this week.
Updates must be activated on block 7,280,000, which is expected to be produced on February 28. However, given the unpredictable nature of mining, this can happen one or two days earlier or later than the planned date.
Recall that the activation of Constantinople, which is part of a three-stage update called Metropolis, which combines a total of five proposals for improving Ethereum (EIP), has already been postponed in January due to a vulnerability.
Constantinople should contribute to multiple increases in the efficiency of the platform, as well as to postpone the so-called “bomb complexity” and reduce the reward for the extraction of the block in the network of Ethereum.
“Bomb of complexity” is a function designed to prevent miners from continuing their activities on the network after the transition of Ethereum to the PoS consensus method. However, since the introduction of PoS is still delayed, the developers of Ethereum had to postpone the “bomb of complexity”.
Another update, St.Petersburg, is designed to remove EIP 1283 from Ethereum’s test networks.
In mid-January, the leading cryptocurrency exchanges expressed their support for the update of Constantinople, which marks a milestone in the development of the Ethereum network due to the transition from PoW to PoS. Hardfork is one of the steps towards a complete transformation of the network and includes a number of technical improvements.