Ethereum Updates: ETH Constantinople Hardfork and a New Challenge

Categories -
ADVERTISEMENT

The network of Ethereum will be upgraded around 28th Day of February 2019. The Constantinople hard fork of the Ethereum (ETH) network will be held within a few days, if everything goes as per the plan then the date of upgradation may arrive anytime after 26th Day of February 2019.

Last hard fork was delayed in January which was a day before the launch due to the discovery of the bug at the last moment. It is being said that there are possibilities of another critical vulnerability, which may delay the process once again.

For now, there are no such indications about another delay. Ethereum Foundation’s developer Afri Schoedon left after claiming that there are disagreements in the process of decisions making.

The Ethereum hashrate is low in the month foremost to the hard fork. The fall is of 2 ETH from the current hashrate of 3 ETH. The market price of assets is also at a breaking point after a recent rally and remains unable to cross the level of $150. On Friday, ETH was trading at $145.43 as of 8:10 UTC.  A positive sign is the high trading volume.

 

What’s next?

In upcoming days, the price of ETH may see a change of direction depending on whether the hard fork goes as planned or gets delayed again like the previous one.

For now, 20.64% of all Ethereum nodes are ready for the fork, with expectations that most users would be able to get on board at the last moment.

As per Amberdata.io, The official announcement has been made stating that the scheduled upgrade will happen at block number 7,280,000 on 28th Day of February 2019, which is the end of the month.

The counted on hard fork will bring major changes to the Ethereum Improvement Proposals (EIPs), which will affect various things, like core protocol specifications, client APIs, and contract standards. St. Petersburg is a new addition which is also planned to take place on the same block number as Constantinople.

 

Even after so many controversies and a massive price fall, Ethereum has started to see better days in the crypto market.

ADVERTISEMENT

13 comments

Leave a reply

Please enter your comment!
Please enter your name here