Home / Ripple / The upcoming Ethereum Constantinople rigid fork is already supported by 19 exchanges worldwide

The upcoming Ethereum Constantinople rigid fork is already supported by 19 exchanges worldwide

Photo: Marco Verch / Flickr

Photo: Marco Verch / Flickr

The second update of Metropolis's Hard Fork, called Forcella di Costantinopoli, should have been finalized on August 13, 2018, tested for two months and published within the second week of October. However, the fork was postponed to January 2019 after developers detected errors in its program during the test period.

According to sources, the fork of Ethereum Constantinople is now expected between January 14 and 18, after the block number 7080000 has been extracted.

Currently, the date is not set accurately, but sources suggest that Constantinople will most likely be activated on Wednesday 16 January, probably around 7 UTC with a 7080000 block. The current average block time is around 15 seconds and today we are at a block number 7035939, so there are 44 061 blocks to go. Preliminary calculations show that about 5 days are missing when the mentioned block is reached (7035939/7080000).

However, this will make work a little harder for many of the exchanges that have announced their support for the Fork. For now there are 19 exchanges that officially confirmed the support.

The major exchanges of cryptocurrencies OKEx and Huobi have announced their intention to support the imminent fork of Ethereum (ETH) Constantinople.

The OKEx management team noted that the exchange would take a snapshot of all its accounts at a blockage height of 7,080,000. Huobi advised traders to deposit their ETH tokens on the platform as it will help them manage all technical issues related to network upgrades.

The London-based encryption exchange CEX.IO has announced that the company is currently making the necessary technical changes that will be able to enable the necessary support for the updating of Constantinople. Just before the update, CEX.IO will block all deposits and withdrawals made in ETH. It is only to ensure that customer funds are kept secure, but once the upgrade is completed, all ETH holders will be able to resume quickly with the trading of coins on the stock exchanges as before, but now with a system of better job.

The same applies to the exchange of cryptocurrencies based in the United States, Bittrex, which confirmed that it had completed all the preparations necessary to prepare for the rigid gallows of Constantinople.

They tweeted:

Binance has asked ETH owners to allow sufficient time for the deposits to be processed in full before the height of the block mentioned above is reached. The exchange continued to ensure that traders will handle all the technical requirements related to the event.

The fortress of Constantinople was praised for achieving consensus throughout the Ethereum community. However, there is a subtle possibility that they could be other tough forks like developers and other members of the Ethereum community who wish to build their own versions by updating the Ethereum network. Binance then added the following information in the event of such results:

"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. "

OKCoin has also confirmed their support in recommending their customers to deposit their Ethereum tokens in OKCoin as they will handle all the technical requirements for the rigid fork. The same applies to IDAX which also recommended that customers deposit Ethereum tokens in IDAX.

A popular exchange of Indian cryptocurrency Koinex stated that the company will also support the much-discussed Ethereum [ETH] Fork of Constantinople. Koinex had tweeted:

BitMart also confirmed their support for the upcoming Fork. Like other exchanges, they ask their customers to leave sufficient time for the complete processing of deposits before the block's height.

One of the last exchanges to which the exchange was made was the Cryptopia based in New Zealand which also announced its support on its official Twitter account saying:

The rest of the exchanges that have announced their support (and we, at CoinSpeaker, will try to keep the list as updated as possible) are the Chinese digital exchanges Bibox and Hotbit, decentralized exchange EtherFlyer, BitForex cryptographic exchange, Indian cryptographic exchange WazirX and Exodus Wallet multi-cryptographic portfolio. In addition, support comes from the Catex mining transaction exchange platform, the Indodax Indian platform, the Thai crypto exchange TOK and the Singapore Crypto Exchange ABCC.

In mid-December last year, ETH was in third place based on market capitalization. This happened after XRP eliminated the King of Smart Contracts from slot 2 while the bear market accelerated with BTC trading at $ 3,200 on December 15th. At the same time, ETH was trading at around $ 83. At the time of writing, ETH was trading at $ 134.84 with market capitalization of $ 14.063.336.619.

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