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Ethereum Hard Fork (What You Need To Know…)
Ethereum Hard Fork (What You Need To Know…)

Ethereum Hard Fork (What You Need To Know…)

January 11, 2019 Crypto News, Ethereum

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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