Ethereum (ETH) Constantinople Hard Fork Nears and ETH Hacks Rise


Ethereum eth

Two days ago, a new code was released on GitHub that included an activation time for Constantinople. The post says that Geth, or "Go Ethereum", is a special version and a hard fork will take place on the Ethereum mainnet (ETH) at the 7.080.000 block. This new rigid fork is expected to take place around January 16, 2019.

Ethereum (ETH) Constantinople

The co-founder of Ethereum, Vitalik Buterin, re-tweeted the tweet on December 7th. The core devers of Ethereum have agreed to finally launch the swingarm of Constantinople on that day. Constantinople includes separate etereum improvement proposals (EIPs). These separate proposals aim to mitigate the transition from the job test (PoW) to the post test (PoS).

This change has been awaited for some time, and some Ethereum developers have been planning for years. The PoS would radically change the Ethereum (ETH) by means of a series of new updates. PoW has been the subject of strong criticism as it is known to be much less energy efficient than PoS.

Because of the fundamental change in the Ethereum blockchain, all nodes must update with the whole system or continue to function as a separate blockchain. In October, Ropsten conducted a trial run of the hard fork and a consensus problem was found. This is what caused the delay in the rigid fork until late January.

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On December 10th, Buterin continued in one of his famous Twitter rantitards on Twitter. In this particular fifteen tweets, he discussed the non-financial applications of blockchain.

The co-founder of Ethereum believes that PoS and sharding will make the blockchains thousands of times more efficient.

Ethereum Hacks

On the same day as Twitter's rant, ZDNet published a report on the rise of hacks targeting Ethereum. Recently, hackers have begun to scan the network and are identifying mining platforms and Ethereum portfolios with an exposed port 8545. In this way, hackers can gain control of the mining or cryptographic portfolio and channel funds elsewhere. .

It seems that hackers are not interested in the drop in the price of Ethereum (ETH).

Featured image: Depositphotos / © TPOphoto

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