Binance announces the imminent hard fork support of Ethereum Constantinople

In an announcement today, Binance has confirmed that they will support the imminent Fork of Ethereum Constantinople.

Binance will support the upcoming Ethereum Constantinople Hard Forkhttps: //t.co/Jt91lT7hdY pic.twitter.com/OTr8fNOLr8

– Binance (@binance) January 3, 2019

The main encryption exchange required its users to allow sufficient time for the complete processing of deposits before the block height of 7,080,000. They expect the estimated time of the fork to be between the 14th and the 18th of this month. Constantinople will reduce the block premiums from 3 to 2, thus decreasing the new supply of $ ETH.

If there are other forks or hard launches during the harsh period of Constantinople, Binance has invited these respective project teams to contact us at [email protected] for further discussions.

More information on the Forcella di Costantinopoli

The Fork of Constantinople is the second part of "Metropolis" Ethereum development phase and implies the implementation of a set of Ethereum enhancement proposals (EIP) to make the transition of Ethereum from a working test block to a simpler and much simpler stall blockchain.

Some of these changes include the reduction of the ETH block premium – the count from 3 ETH to 2 ETH – in addition to delaying the 12-month difficulty bomb in an effort to phase out ETH mining (EIP 1234). Other EIPs include changes to facilitate off-scale scalability solutions (1014), the optimization of large-scale code execution (1052) and the revision of the gas cost scheme for the opcode SSTORE (1238).

Waiting for the next hardfork the Ethereum the price is rising Ripple has overtaken Ethereum in recent months, but the Ethereum market has managed to recover some of its losses. At the time of writing this article, it is only 70 million dollars compared to Ripple, since Ethereum currently holds a market capitalization value of 14.72 billion dollars and Ripple holds 14.79 billion dollars.

Analysts anticipate that before the next hardfork, Ethereum will recover the place of the greatest altin.