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    Home»Blockchain»Ethereum Hard Fork Draws Near
    Blockchain

    Ethereum Hard Fork Draws Near

    January 8, 2019Updated:January 20, 2019No Comments2 Mins Read
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    Ethereum (ETH) is up over 71% for the month, as its devs prepare for its upcoming hard fork. The major hard fork was supposed to take place in 2018 but was pushed back. Since then, the whole Ethereum community has been steadily working to bring this thing to life. Now, it finally has an end date. The hard fork is scheduled to occur on block #7,080,000, which should happen around January 16th.

    Ethereum Constantinople Countdown

    This particular hard fork has been in preparation since 2017, and it promises key upgrades to the Ethereum network.

    #Ethereum mainnet Constantinople hardfork (16th of January) is fast approaching. Please make sure you are running Geth 1.8.20+ or Parity 2.1.10+/2.2.5+ to avoid unpleasant surprises!

    — Péter Szilágyi (@peter_szilagyi) January 7, 2019

    In addition to the upgrades to Geth and Parity, Rinkeby will also receive an upgrade. This testnet hard fork is set to take place tomorrow at 13:00 UTC. The Ropsten Testnet was the first to receive an upgrade, back in October. However, it was plagued quickly with several issues. This is what caused Ethereum Constantinople to be pushed back.

    >> GMO Internet Group Takes Big Hit in Mining Revenue Yet Increases BTC Rewards

    After this upgrade failure, a core developer of Ethereum said that they had discovered a consensus bug in the Parity implementation of Ethereum. In addition to the bug, there were also concerns that there weren’t enough miners on Geth, Parity, or Aleth for Ropsten. Hopefully, the upgrade expected on the 16th will go without flaw, considering how long it’s been in preparation.

    Ethereum (ETH) Price Rise

    This past month, ETH has rose a substantial amount. The cryptocurrency market received quite a boost around Christmas. Since then the market has corrected some but on a better path than 2018.

    At press time, ETH is trading at $150.57 a share, down -1.03% in 24 hours. For the week, ETH is up 8.1% and for the month, the digital currency is up 71.1%. ETH is currently the second-largest digital currency by total market cap. Currently, the total cryptocurrency market cap is sitting just above $135 billion.

    Are you ready for the Ethereum hard fork?

    Featured Image: Depositphotos © aa-w


    EOSPrevious

    EOS and Ethereum (ETH) Update, is 2019 Their Year?

    cryptocurrency, cryptocurrency exchange, cryptocurrency mining, cryptocurrency list, cryptocurrency charts, cryptocurrency trading, cryptocurrency market, cryptocurrencies, crypto currency, cryptocurrency values, ryptocurrency definition, cryptocurrency news, cryptocurrency ranking, bitcoin, ethereumNext

    This is Why Ethereum is Rising Above Bitcoin

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