Ethereum developers say the implementation of Constantinople code to mark the new hardfork for the network is on the way. Constantinople will become the second part of the Metropolis hardfork. Code implementation stage is said to last up until August 13, after which the network will be checked and a test network launched.
Earlier, in October 2017, the first part of the hardfork called Byzantium was launched. Also a few weeks ago Co-founder of Ethereum Joseph Lubin said that he is sure that soon the crypto world will see real scalability as ethereum network enters the next stage of its life cycle.
WHY IS IT IMPORTANT?
1. Constantinople is set to increase efficiency of ethereum network, reduces the commission fees for conducting transactions.
2. According to the developer team, most of the changes are already in place including the EIP 210 and EIP 145 that will reorganize the storage of block hashes and improve the speed of arithmetic of the Ethereum Virtual Machine (EVM). Several other proposals are said to be under consideration.