Ethereum Constantinople Megathread

[Anonymous No.12267614]

Constantinople upgrade is coming around January 16th. Are you ready?

Price pump currently commencing. Pop that Dom, Vitalik.

[Anonymous No.12267629]

pump me full
vital33k

[Anonymous No.12267646]

>>12267614
THANK YOU SKELETON

[Anonymous No.12267672]

Best bones.

[Anonymous No.12267700]

What's the update provide? Is it proof of stake? If not is it faster transaction so I've single popular dapp doesn't crash the network?

[Anonymous No.12267734]

>>12267700
this

[Anonymous No.12267748]

>>12267614
He cute

[Anonymous No.12267769]

>>12267700
Not yet. But the mining reward is dropping from 3 eth per block to 2 eth per block.

[Anonymous No.12267841]

>>12267700
The five EIPs set to be released in Constantinople are:

EIP 145: A technical upgrade written by two ethereum developers, Alex Beregszaszi and Pawel Bylica, EIP 145 details a more efficient method of information processing on ethereum known as bitwise shifting.
EIP 1052: Authored by core developer Nick Johnson and Bylica, EIP 1052 offers a means of optimizing large-scale code execution on ethereum.
EIP 1283: Based on EIP 1087, which was written by Johnson, this proposal mainly benefits smart contract developers by introducing a more equitable pricing method for changes made to data storage.
EIP 1014: Created by the founder of ethereum himself, Vitalik Buterin, the purpose of this upgrade is to better facilitate a certain type of scaling solution based upon state channels and “off-chain” transactions.
EIP 1234: Championed by Afri Schoedon, release manager for major ethereum client Parity, this upgrade is the most contentious of the batch, reducing block mining reward issuance from 3 ETH down to 2 ETH, as well as, delaying the difficulty bomb for a period of 12 months.

[Anonymous No.12267878]

okay nazgul here is the crypto ring pill there's a gollum living in the smart contract

[Anonymous No.12267928]

no goys, uh, guys, it's going back to $50, sell now!!!!!!!!

[Anonymous No.12267957]

>>12267614
Holy shit vitalik looks like a heroin addict

[Anonymous No.12267981]

Imagine actually not buying $80 eth.

It's like you don't want to make it.

[Anonymous No.12268025]

>>12267981
I was sluggish and I missed it.

[Anonymous No.12268039]

If this is all what eth can do before the release. Then i am really really afraid mid january. Etf denied, mtgox dumpening, etc.

[Anonymous No.12268098]

>>12267841
That sounds great and all but what will this actually translate to? Are these genuine large steps forward?

[Anonymous No.12268245]

>>12268039
>Etf denied
priced in, no one will care.

>mtgox dumpening
irrelevant to ETH

[Anonymous No.12268308]

>>12268098

It translates to: These updgrades are required in order to provide a more seemless transition into ETH 2.0 (Serentity) which is to be completed by around 2020. Things like hybrid PoS + PoW are now a possibility with these upgrades.

[Anonymous No.12268952]

>>12268308

Cheers.

I don't get PoS. To me, it is already outdated. Rich get richer. What is the point? Better for the environment etc but that's it?

Wish development could be faster all round. I understand why it's slow but it's tough to watch.

[Anonymous No.12269123]

>>12268952
>Rich get richer.
Just buy a couple ETH and you'll get richer as well. I simply don't understand the problem.

[Anonymous No.12269125]

>>12268952
PoW is rich get richer also but even more so. Also, yes, it’s way better for the environment. What more do you want exactly? For it to clean your smelly fucking bedroom?

[Anonymous No.12269250]

>>12269125

Your bedroom smells like masturbation and loneliness

[Anonymous No.12269268]

>>12268952
How is it outdated?

PoS should allow for a lower barriers to entry for validators. Right now, if you want to mine bitcoin, you have to go out and buy a rig, or dedicate your own computing power to a pool, which could potentially fry your system. With PoS, you should theoretically see way more nodes than there are now because of how easy it is to begin staking. Thus leading to greater decentralization.

[Anonymous No.12269278]

>>12267769
thats bearish

[Anonymous No.12269307]

>>12268039
etfs were denied because liquidity was too low. they denied it because it was TOO BULLISH lol.

[Anonymous No.12269308]

>>12267614
hey, have these amateurs remembered to account for overflows/underflows yet?

[Anonymous No.12269320]

>>12268308
>2022

[Anonymous No.12269605]

>>12269278
No it’s bullish because inflation drops and there won’t be as much sell pressure.

[Anonymous No.12269635]

>>12268952
>What is the point?
the point is to have decentralized consensus, there's no other point.

[Anonymous No.12269687]

>>12268098
1283 is really good for dapps. In very simplified terms, gas costs will come down.
145, 1052 and 1014 are fairly technical optimizations with little use for most devs, but useful nonetheless.
1234 cuts mining rewards by 33% which will decrease sell pressure