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Ethereum [ETH] has performed this new year immensely well and has taken the position of being the second largest currency in the top-10 list of cryptocurrencies. The highly anticipated fork of Constantinople by Ethereum, scheduled for January 16, has been hypothesized as one of the reasons for the currency price pump.
Binance, probably the popular exchange of cryptocurrencies, has extended his support to the hard gallows of Constantinople. The exchange asked ETH owners to allow sufficient time for the deposits to be processed in full before the height of the block mentioned was reached. The company also assured traders to manage all the necessary technical adjustments related to the fork.
"We will manage all the technical requirements involved for all users who keep Ether in their Binance accounts.
Hard disk height: 7.080.000
Estimated time: between 2019/01/14 and 2019/01/18 "
The long-awaited hard fork had received a green light from all members of the community, however, the rigid fork could also involve several other forks. Developers and community members want to run their own versions to upgrade the Ethereum network. According to a report by Ethereum World News, since the height of the target block is 7.080.000, the junction could take place before the scheduled time.
Binance recognized the nuances of the ETH community and added more information in their announcement:
"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. "
Ethereum was in third place in terms of market capitalization for the new years, but soon witnessed a price increase. Soon after the market saw a good hike among all the major cryptocurrencies, Ethereum welcomed the new year with greater market capitalization and crossed XRP to acquire the second position in the top 10 ranking.
The next hard fork will improve the network and bring significant changes needed by the community. At the time of printing, ETH was valued at $ 153.45, with a market capitalization of $ 15.9 billion. The currency slipped 0.48% in one day, but recorded an overall growth of 21.30% in the last week.
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