Constantinople Hardfork Code to be Included in Geth

Go-ethereum (Geth) v1.8.20 assumes that hardfork in the main Ethereum network will take place at block 7,080,000 (approx. between 14th - 19th Jan 2019)
13 December 2018   773

Developers of Geth, one of the most popular clients of Ethereum, presented a new version of the software with the included code of the upcoming hard fork Constantinople.

Go-ethereum (Geth) v1.8.20 assumes that hardfork in the main Ethereum network will take place at block 7,080,000.

Consensus regarding the block number for activating hard forks was reached last week during a regular video conference of leading Ethereum developers. According to Afri Shedona, release manager of another popular client of the network Parity, a block of 7,080,000 will be mined between January 14 and 18, 2019.

At the same time, Ethereum Foundation’s head of security noted that the new version of the go-ethereum client would contain a kind of “emergency switch” that would postpone the upgrade if something went wrong.

Originally scheduled for November, the Constantinople contains a number of changes and code optimizations designed to ease the transition to the Proof-of-Stake algorithm. In particular, they include the transfer by 18 months of the so-called “bomb of complexity”, which contributes to timely upgrades, and also suggests a decrease in the reward to miners from 3 to 2 ETH for the mined block.

Ethereum Foundation to Allocate $30M on Key Projects

For example, $3 000 000 will be spend to attract developers
22 May 2019   83

The non-profit organization Ethereum Foundation, which promotes and supports the development of the Ethereum ecosystem, will allocate $ 30 million for the development of key projects. Of these, $ 19 million will go to the “ether of the future”, $ 8 million to support the “ether of the present”, and another $ 3 million to attract developers.

The priority direction of development is Ethereum 2.0, second-level solutions for network scaling like Plasma, as well as other studies related to the transition of the ecosystem to the Proof-Of-Stake consensus algorithm.

We've actually already had all the research breakthroughs we need for a full implementation of eth2. This has been the case for about a year now.
 

Vitalik Buterin

Creator, Ethereum

At the same time, the organization attaches great importance to maintaining the current version of the network, which provides security of assets worth billions of dollars and hundreds of running decentralized applications.

In addition, $ 3 million will be spent on training developers and their further involvement in the work on the protocol, as well as on holding a Devcon conference and supporting regional communities.

The Ethereum Foundation retains about 0.6% of the total Ethereum emissions, but over time it expects organizations like DAO Moloch to partially finance the development of the ecosystem.