Constantinople is part of the release called Metropolis and it will be integrated into block #7080000. Developers have prepared three forks for the beginning of 2019, including Constantinople. Other two forks are “hard forks”, which will result in creating new cryptocurrencies, Classic Vision and Ethereum Nowa. Users are notified that Constantinople fork will take place between the 15-16th of January 2019.
Problems to be Solved
Scaling is considered the largest problem of blockchain platforms, as it has not enough power for commercial purpose use. Ethereum can process up to 30 transactions per minute, while Bitcoin only 3-7 per second. To compare, a standard non-crypto financial services provider Visa can do 24 thousand transactions per second with its VisaNet.
For Ethereum to be a successful digital currency, the coin must have liquidity and utility. People have to use ETH everyday and business companies accept it as a method of payment. However, one thing that stops businesses from using Ethereum is its slow speed. The problem with Ethereum’s network speed has been a limiting factor to DApp developers.
Read the details in the article of Coinidol dot com, the world blockchain news outlet:
https://coinidol.com/ethereum-is-waiting-for-new-upgrade/