Ethereum Hard Fork (What You Need To Know…)

EIP 145: Bitwise shift instructions

The new instruction will use 10 times less gas, meaning running certain smart contracts will be cheaper.

EIP 1052: Hash of smart contracts

By adopting a unique hash, the verification of the code of the other contract will become much more efficient.

EIP 1014: State channels

State channels allow certain transactions to be settled off-chain, which is very similar to Bitcoin’s lightning network. It will greatly improve the performance of the Ethereum network.

EIP 1234: Delaying difficulty bomb & reducing block reward

The founder of Ethereum planned to move the network from PoW (proof of work) to PoS (proof of stake) algorithm eventually (Casper update).

GitHub – https://github.com/ethereum/pm/issues/53

Binance will support it: https://support.binance.com/hc/en-us/articles/360021495791-Binance-Will-Support-the-Upcoming-Ethereum-Constantinople-Hard-Fork

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