Ethereum Prepares for Constantinople

Ethereum Prepares for Constantinople

The community is watching the Ethereum Constantinople Hardfork and how it will affect miners and holders. The fork will occur when block #7080000 is reached by tomorrow, 16 January

The Constantinople hardfork prepares Ethereum for the ultimate consensus move from proof-of-work to proof-of-stake. Reduction of gas fees and mining rewards, the delay of the ‘Difficulty Bomb’, and an optimum smart contract execution are the goals of the five Ethereum Improvement Proposals (EIPs). This is Ethereum’s third hardfork for the month.

New Coin Tickers from Constantinople

Coins from the Classic Vision Hardfork, which is the first fork for January, will gain the ticker ETCV. Three ETCV will be distributed for each piece of ETH a holder has. Coins from the Ethereum Nowa (ETN) hardfork, the second for the month, has the ticker ETN and will be distributed with a 1:1 ratio to ETH holders.

Those who are in control of their private keys will automatically receive the new coins. Those who have their ETH in exchanges will gain the coins once the exchange supports the hardforks.

Various exchanges announced their support such as Binance, Coinbase, Huobi Global, OKEx, Kucoin, Bibox, IDEX, and HitBTC.

Total Constantinople Fork Ready Clients are 1548 (46.7%) by now.

Read more: The Rubric of Constantinople Ethereum.

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