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Photo: Binance / Twitter
The supporters of Ethereum are anticipating the imminent rigid fork of Constantinople scheduled for January 16th. The hard fork will occur at the 7.080.000 block number and is believed to be the largest update for the network. According to a famous cryptocurrency expert Alex Krüger, the update of Constantinople will be very bullish for Ethereum and can greatly influence the currency.
The long-awaited hard fork has already received the go-ahead from all members of the community. In addition, he received the support from Binance, the largest exchange of cryptocurrencies for adequate volume.
Binance will support the upcoming Ethereum Constantinople Hard Forkhttps: //t.co/Jt91lT7hdY pic.twitter.com/OTr8fNOLr8
– Binance (@binance) January 3, 2019
The exchange asked ETH owners to devote enough time for the deposits to be fully processed before the block's height reached 7,080,000. The announcement says:
"Binance would like to confirm support for the upcoming Ethereum Constantinople Hardover.Please allow sufficient time for deposits to be processed in full before the block height shown below. We will handle all technical requirements for all. users who use Ether in their Binance accounts. "
Binance also added:
"If during the period of the rigid fork of Constantinople there will be other forks or hard launches, we invite these respective project teams to contact us at [email protected] for further discussions. "
Binance is known as the most trustworthy among investors within the digital resource community. Turning to institutional investors, the exchange has launched a new sub-account for institutional operators to allow them to create multiple accounts under one profile. The new feature includes an updated control panel panel that provides comprehensive balance reports, account management, asset management, order management, transfer history and access history options.
Ethereum to earn
Obviously, Binance's support is very important for the next fork of Ethereum. Before New Year's Eve, Ethereum was in third place in terms of market capitalization. But soon, due to the certainty of the hard fork that will result in a significant improvement of the network, the currency has seen an increase in prices. Its market capitalization has increased and Ethereum has crossed XRP, acquiring the second position in the top 10 ranking.
At the time of writing, Ethereum trades at $ 153.63, which is an increase of 84.3% in less than three weeks compared to the value of $ 83 witnessed in mid-December. The price has made an incredible rise from 1 January from the support to $ 130 and has tested the resistance to $ 160. Currently, its market capitalization reaches $ 15.9 billion, and Ethereum takes a confident second position after Bitcoin .
With another 2 weeks on the fork, the digital asset could continue to make profits in the encrypted market, as the crypto community is excited and the curiosity around the event is growing.
The decision to launch the Constantinople hard fork was taken by the developers of Ethereum during a biweekly meeting on December 7th. The fork will improve the network and lead to significant changes, leading to five EIPs, which will permanently modify the network with new backward-incompatible updates.
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