Ethereum [ETH], the second largest cryptocurrency by market cap and the leading smart contract platform, seems to be all set for the upcoming hard fork, Constantinople. The team has been working on the hard fork for over a year and the hard fork that was supposed to be launched towards the end of 2018. It is now scheduled to take place around January 16, 2019 on block #7080000.
The Rinkeby Testnet fork was scheduled for today, January 9, 2019. One of the core developers and team lead at Ethereum Foundation announced that the Testnet has successfully forked over to Constantinople.
Peter Szilagyi, core developer of Ethereum announced on Twitter:
#Ethereum testnet successfully forked over to Constantinople! All signers, bootnodes, faucet online and working well. Clean split between new and non-upgraded nodes (please update!).”
Rinkeby Testnet is one of the three Testnets of Ethereum, the other two being Ropsten and Kovan. The Testnet is similar to the production chain of Ethereum, and Rinkeby Testney is a Proof-of-Authority blockchain.
The successful fork of the Testnet could be considered as the notable one for the upcoming hard fork, taking into consideration that the 2018 launch was delayed because of the failure of the Ropsten Testnet, which resulted in a three-way fork. The reason for the failure was stated to be a consensus bug found in the Parity implementation of Ethereum, and the lack of miners on Parity, Geth or Aleth. The difference with Geth and Parity were also pointed out by Lane Rettig, a Ethereum developer, in the post-mortem report.
Recently, during the Ethereum core devs meeting, the team decided to go ahead with the ProgPOW [Programmatic Proof-of-Work] implementation, with the aim set at keeping ASIC mining at bay. The implementation will go live in the upcoming months, unless the team encounters a major problem during the testing rounds.
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Grayscale Investments: Ethereum Trust [ETHE] receives FINRA approval for public quotation on OTC markets
Grayscale Investments, a digital asset management firm, made an announcement with regard to the second largest cryptocurrency in the market, Ethereum. The platform stated that the Financial Industry Regulatory Authority [FINRA] approved its Ethereum Trust, ETHE, making it the third publicly quoted investment product. The other two publicly quoted investment products are Grayscale Bitcoin Trust [OTCQX: GBTC] and Grayscale Ethereum Classic Trust [OTCQX: ETCG].
Grayscale Investments stated on Twitter,
“Our team continues to bring new opportunities for investors to gain exposure to digital currencies. We’re pleased to share that Grayscale Ethereum Trust received FINRA approval for a public quotation on
@OTCMarkets under symbol: $ETHE* https://gryscl.co/2M4wVER (1/2)”
In a blog post, the platform stated that each Share of ETHE would be equivalent to 0.09662399 Ethereum, as of 30th April 2019. Further, the asset management firm also stated that the Ethereum in each share would decrease over a period of time as ETHE would not “generate income” and the Ethereum would be “regularly distributed” to clear-out expenses.
It further stated,
“There will be no trading volume in the Shares’ public quotation until the Shares are DTC eligible, which ETHE is expected to receive soon. Investors will be able to find current financial disclosure and Real-Time Level 2 quotes for Shares of ETHE on the OTC Markets website once trading commences. “
The ‘announcement of this announcement’ was made yesterday by Barry Silbert, the CEO of Digital Currency Group, thereby creating a buzz. Barry Silbert had stated on Twitter,
@GrayscaleInvest for some big news at 9 am NY time tomorrow. Announcing an announcement (yeah, that’s how I roll)”
To add on, the firm had recently launched the #DropGold initiative, with its main focus being prompting investors to invest in the digital gold, Bitcoin. The firm had stated,
“Grayscale is again pushing the envelope for traditional investors with a clear message: it’s time to #DropGold. […] Grayscale is again pushing the envelope for traditional investors with a clear message: it’s time to #DropGold.
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