The Ethereum community eagerly awaits the much anticipated Constantinople hard fork, or as Vitalik Buterin suggested recently on twitter, “network update”. According to ethereum.org’s blog, the update will implement 5 Ethereum Improvement Proposals (EIPs) to facilitate Ethereum’s transition from Proof of Work (PoW) to Proof of Stake (PoS). It is important to note that this fork will not result in a 2 coin split.
The network update is expected to occur around January 16th. The new EIPs will reduce the amount of gas required and simplify the process for doing certain things on Ethereum’s blockchain; also, prepare the blockchain for a smooth transition to PoS.
To learn more about the Constantinople visit ethereum.org’s blog.