Ethereum [ETH], the third largest cryptocurrency in the space, seems to be all set for the Constantinople hard fork, for the third time. This time the upgrade is going to be different than the one proposed before as there will be two forks taking place on the same block, the first is the initial fork, Constantinople and the second is the Petersburg fork.
According to the latest announcement, the hard forks will be taking place around February 25, 2019, instead of Feb 27, 2019. The hard forks will occur on block #7,280,000 at the estimated time of 11:49:25 UTC.
Afri Schoedon, the hard fork co-ordinator of Ethereum and the release manager at Parity Technologies said on Reddit:
“Got a vague countdown … Constantinople will activate on Monday 2019-02-25 11:54:02 UTC. Current average block time is 16.89 seconds. 91597 blocks to go (7188403/7280000).”
Notably, this is the third time the community is up for a hard fork as the fork was postponed to a later date twice. The first time the fork was pushed to a later date was in the month of October 2018, after the Ropsten Testnest Constantinople hard fork.
During the Testnet fork, the team encountered issues with the difference between Parity and Geth, along with a consensus bug discovered in the Parity implementation of Ethereum. During this timeframe, the team decided to push the hard fork schedule to mid-January 2019.
However, the hard fork scheduled to take place in January was also postponed. This time it was because of one of the Ethereum Improvement Protocols. This protocol is identified to be EIP – 1283: the net gas metering for SStore, wherein the issues with the protocol were disclosed hours before the hard fork’s schedule. According to the official report, this implementation would have resulted in smart contracts being vulnerable to a Reentrancy-attack after the hard fork.
To avoid this from taking place, the team decided that there would be two hard forks taking place on the network, on the same block. The first fork will implement all the changes proposed, whereas the second fork – Petersburg will disable the protocol in which issues were identified.
Garmarilla, a Redditor said:
“Mmmmhmmm lets wait and see about that”
Subscribe to AMBCrypto’s Newsletter
Ethereum [ETH] breaches $5.56 billion mark in daily trading volume; highest recorded in over a year
Binance CEO reveals BitTorrent [BTT] airdrop error; reassures users that ‘funds are SAFU’
Ethereum [ETH/USD] Price Analysis: Bull continues to grace the market with its presence
Bitcoin [BTC]: Twitterati claims he is Satoshi Nakamoto; brands Craig Wright a liar, unveils PGP Keys with important dates
Bitcoin Cash [BCH] Price Analysis: Token shoots up by 12 percent, breaks multiple short-term resistances
DigiByte community gears up for Global Summit while founder Jared Tate finalises book on decentralized internet
Bitcoin [BTC] developer Jimmy Song lists 3 reasons why Bitcoin SV [BSV] is a “scam”
Bitcoin [BTC] among cryptocurrencies enabled by new debit card launched by Australian Crypto exchange
After Bitcoin [BTC] ETF silver lining, SEC puts forth circular on ICOs
Ethereum [ETH] could have been stolen through malware impersonating MetaMask
Bitcoin Cash [BCH] Price Analysis: Bulls and bears fight it out as token trades sideways
Bitcoin [BTC]: Mt Gox redemption plan demonstrates the power of open source network, says Brock Pierce
Ethereum [ETH] experiences major drop of 94% in block transactions since last year
Flash Hike: XRP pumps by 10% as most top-10 coins gleam green