On 24 August, the core developers of Ethereum (ETH) held their regular meeting on YouTube to discuss the tests of the EIPs (Enterprise Integration Patterns) and the progress of client implementation for the forthcoming Constantinople hard fork. The meeting began with discussions about the progress achieved on the Ethereum (ETH) clients and the most recent updates on the no-proof blockchain test processes.
Ethereum (ETH) Sees New Features
A number of new features were released this week. Nevertheless, the developers observed one instability with a major miner rewrite, and this will be fixed in the next update. They are planning to push another release by Monday to complete the entire process and to finalize the issue of the mining release.
The Constantinople Hard Fork
There has been no notable change regarding the forthcoming Constantinople hard fork over the past two weeks. The developers talked about a couple of bug fixes and new features of the Testnet. They also said that EIP1211 wouldn’t be implemented in the forthcoming hard fork. They also came to a conclusion that it’s much better for them to release new hard forks on schedule than being in haste to implement new EIPs (Ethereum Improvement Protocols) or delaying the ones that are ready for implementation at the expense of those under implementation.
The Addition of a “Difficulty Bomb”
The discussion was further extended to the issue of adding a “difficulty bomb” and its effect on the maintenance and reduction of block rewards. According to the developers, EIP1295 would reduce block rewards to 3 ETH, EIP1234 would minimize block rewards to 2 ETH, and EIP858 would reduce block rewards to 1 ETH but it will have an impact on other factors like the Proof of Work incentive structure. They have scheduled another meeting for August 31 to decide on which EIP to use.
Ethereum (ETH) Price Today – ETH / USD
The current value of Ethereum (ETH) is $278 after an increase of less than one percent over the past twenty-four hours. The digital currency currently has a market cap of $28.29 billion and a trading volume of $1.47 billion over the past twenty-four hours.