Constantinople Countdown: Ten Days For The Next Ethereum Hard Fork And Why Is It Important?

by: BitcoinExchangeGuide, Read full story here...


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The second largest digital asset in the market, Ethereum (ETH), is going to experience a network upgrade as soon as in ten days. After delaying the so-called Constantinople upgrade several times, the network upgrade is going to take place at block number 7080000. This upgrade is very important for Ethereum's development. Indeed, the digital currency will have a reduced issuance of ETH as a reward for miners. Each block will be giving miners 2 ETH rather than the 3 ETH that they were receiving a few weeks ago. This is very bullish because there will be less ETH for users in the market. If there is a constant or growing demand in the asset, this could be very positive for the price of ETH. This hard fork is the second phase of Metropolis. The first two stages of Ethereum were Frontier and Homestead. After implementing the Metropolis stage, the network will move towards Serenity, introducing Proof-of-Work (PoW) and Plasma on Ethereum. The Constantinople hard fork was going to be launched...
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