Ethereum Fork Rescheduled to 27 February

Ethereum Fork Rescheduled to 27 February

Lead developer, Péter Szilágyi, announced the new schedule for Ethereum Constantinople will be on 27 February. The team is aiming for block 7,280,000 for the fork

A vulnerability, spotted by ChainSecurity AG, was the cause for the delay. The upgrade will be delivered in two successions. The first will carry five of the intended Ethereum Improvement Proposals (EIPs). EIP 1283, where the vulnerability was found, will not be included in the second upgrade. Szilágyi remarks that a single fork will happen on the mainnet with a ‘post-Constantinople-fixup fork’ on testnets done to fit its features with the main network.

This two-part idea by Szilágyi attempts to assure the easy implementation of the fix for testnets and private networks that implements the upgrade. Nodes are required to upgrade the whole system since the fork will radically change the Ethereum blockchain; backward compatibility will be inhibited.

Twice Postponed

First delayed in November last year, Ethereum Constantinople is an upgrade meant to switch consensus from proof-of-work to proof-of-stake. It will also reduce a miner’s block rewards and delay the difficulty bomb for a 12-month period.

It was set to happen on 16 January on block 7080000 but is now moved towards the end of February when ChainSecurity identified a security issue on one of its EIP, namely 1283.

Exchanges such as Binance, Coinbase, Huobi, and OKEx confirmed support for Constantinople.

Ethereum

ETH
Price
165.22 USD -5.81%
0.03014000 BTC -4.58%
Volume, 24h
1,766,802,159 USD
-8.70%
Marketcap
17,959,667,340 USD
10%
Emission

Related news

Bitcoin & Altcoin Price Update (BTC, ETH, LTC, ADA, XRP, TRX)

✘ Support the Channel via BTC Lightning Network: ► https://tippin.me/@sunnydecree ✘ Follow me: ► https://twitter.com/sunnydecree ► https://www.facebook.com/sunnydecree ► https://discord.gg/Psrt8Yn ► https://www.youtube.com/sunnydecreede ✘ Exchanges I'm using: ► Coinbase FIAT https://www.coinbase.com/join/59398125002bcc03276297d6 ► Binance FIAT https://www.binance.je/?ref=35002320 ► Binance Altcoins https://www.binance.com/?ref=16553332 ► Bitmex Futures https://www.bitmex.com/register/s0r1z5 ► Deribit Futures & Options https://www.deribit.com/reg-2331.1757 ✘ My Chart Tool: ► TradingView https://tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=12339 ✘ My Hardware Wallets: ► Ledger https://www.ledgerwallet.com/r/f7c4 ► Trezor https://shop.trezor.io/?offer_id=10&aff_id=1164 ✘ Keep your Private Keys safe: ► Cryptosteel https://cryptosteel.com/product/cryptosteel/?csr=517 ✘ BTC: ► 12vg29zgveAqm31yiUrL9kM2ANmYMFaA93 #Bitcoin #BTC #Crypto
sunny decree

Ethereum Price Prediction Today: Daily (ETH) Value Forecast – April 24

ETH /USD Medium-term Trend: Bearish Resistance Levels: $240, $250, $260 Support Levels: $150, $140, $130 Yesterday, April 23, the price of Ethereum was in a bearish trend. Yesterday, the bulls tested the $178 resistance level and were resisted. The crypto’s price fell and broke the 12-day EMA and the 26-day EMA to reach the bearish […]
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.