Ethereum Hard Fork Test Goes Awry, “No Constantinople In 2018” Developer Says

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November’s Ethereum Code Upgrade Goes Awry On Testnet. On Friday, during the Ethereum Foundation’s bi-weekly developer meeting, the attendees of the call revealed that the planned “Constantinople” hard fork was on track for its November 2018 release.

For those who aren’t in the loop, Constantinople is one of Ethereum’s largest upgrades to-date, which will hopefully see the popular blockchain network undergo a variety of changes to better the developer and end-user experience. The most notable of these changes, as covered by Ethereum World News previously, is a block reward deduction from 3 ETH to 2 ETH every 14 seconds.

Per data compiled by Ethereum proponent Eric Conner, the 33% reduction of block rewards was drastically improve the Ether inflation rate, which currently sits at 7.4% annually. Eduardo Gomez, a Venezuelan cryptocurrency commentator, likened this move to a Bitcoin block reward halving event, adding that prices will first dump “then moon” in the months following the event. See more for yourself here.