Ethereum Hard Fork to Launch on Testnet in Early October

Ethereum core developers have been feverishly working on Constantinople, which is the next upgrade of the network. According to a recent Ethereum Core Devs Meeting, devs will be ready for the hard fork release soon, and the hard fork of testnet Ropsten has been scheduled to launch on around Oct. 9. It could serve as a boon for the ETH price, which despite its recent rally could use another catalyst.

The Constantinople upgrade is phase-two of Metropolis, the first phase of which was the Byzantium fork. It’s expected to bolster efficiency and slash costs on the Ethereum blockchain. The widely watched as Casper technology, which is tied to increasing the scalability of the network, is planned during Constantinople.

The goal of the devs was to launch Constantinople ahead of Devcon 4, which is scheduled to unfold in Prague Oct. 30-Nov. 2. But they weren’t willing to do so if it “makes things unsafe” or “pushes people too hard,” according to the call. Dimitry, who was on the call, suggested it would be “a couple of months at least” before Ethereum forks onto proof-of-work chain Ropsten, pointing to the upcoming dev conference as the reason for the delay in progress.

Other devs chimed in, saying the timeline was “overly cautious” considering that Ropsten is a testnet. The devs tossed around the idea of creating a new testnet to replace Ropsten, but that was rebuffed. Ethereum Co-Founder Vitalik Buterin said on the call: “I’d argue that consensus issues on Ropsten happening from time to time is good because it trains an ecosystem of participants on how to react to them.”

The majority ruled, and the developers agreed to test the hard fork on Ropsten in the coming weeks, ultimately landing on the date of early October because there is a break in developer conference activity that week. They’re targeting Oct. 9 and will set the actual block number in a couple of weeks when it’s closer to being released to clients.

Block Mining Times

As for the release of Constantinople, the call host pointed to test cases at year-end 2018, either November or December, after which time the conversation turned to avoid launching the mainnet amid “crazy” block times. Average block mining times are currently hovering at a stable 15 seconds and Buterin doesn’t expect them to “get crazy within two months.”

He referred to last year’s Byzantium upgrade, saying the “general pattern is a doubling at the beginning every 17 days.” As a result, there would likely be a “more than three months of safety,” Buterin said. A wildcard, however, is Byzantium had the “backdrop of a rapidly increasing ETH price and hashrate” whereas now we don’t. As a result, it could take less time.

Featured image courtesy of Shutterstock.

Gerelyn has been covering ICOs and the cryptocurrency market since mid-2017. She's also reported on fintech more broadly in addition to asset management, having previously specialized in institutional investing. She owns some BTC and ETH.