• info[at]asiathemes[dot]com
  • (2)245 23 68

Ethereum Developers will delay the Constantinople Hard Fork

Ethereum Developers will delay the Constantinople Hard Fork

BTC Casino / 18th January 2019

Ethereum’s Core Developers have released a statement describing their decision to postpone the Constantinople hard fork. The announcement came just hours before the Constantinople hard fork was scheduled to go live. The Ethereum Core Developers and Ethereum Security Community said that their decision was based on a potential vulnerability in one of the software upgrades.
The statement mentions that Security researchers have ran and are still running analysis on the entire Blockchain. Chain Security and TrailofBits are currently working non-stop, but haven’t found so far the cases of the mentioned vulnerability. Of course there is still a risk that some contracts might be affected, something the Ethereum network cannot afford.
Constantinople Hard Fork delayed for Ethereum
This heavy decision was taken mainly because of time. There is absolutely no way to tell how much time it will be required to accurately determine the risk. As the old saying goes: “Better be safe than sorry.”
The statement mentioned that the potential vulnerability stemmped from EIP-1283, which introduces a lower gas cost for SSTORE operations. Security researches believe that if EIP-1283 was activated, a few smart contracts which were already running on Ethereum could have become vulnerable to the so called reentrancy attacks.
ChainSecurity was quick to publish a more in-depth explanation of the potential vulnerability. The delay means that crypto exchanges, miners and other node operators all have a choice to make. They can either upgrade to emergency versions of their Ethereum software clients or downgrade to the pre-fork release.
There is no third option since failing to upgrade a node will result in a disconnect from the main Ethereum network. This is because the Constantinople hard fork software is not compatible with the previous versions.
Fortunately, most Ethereum users – those who are not running full nodes, do not need to undertake any action and their wallets remain secure. This is key information because scammers will do their best to take advantage of the situation and swindle all they can from Crypto holders.
The spirit and morale of the Ethereum community were high before the Constantinople hard fork release since it will implement a number of key upgrades into the Digital Currency’s protocol. Constantinople will also prepare the network to better scale to mainstream usage. The Ethereum block reward will be reduced by 33%, to 2 Ether from 3. Since the situation is very delicate, at the moment there is no new hard fork date announced.
Read more:

Central Bank-issued Digital Currencies (CBDC): Even Banks don’t like them
Friday November 02, 2018

It isn’t new that Central banks have negative views towards digital currencies. Though the interesting part is that they view central bank-issued digital currencies (CBDC) the same way. Earlier this […]

The post Central Bank-issued Digital Currencies (CBDC): Even Banks don’t like them appeared first on BTC Casino Gambling.

Ethereum Co-founder, Vitalik Buterin: Ethereum 2.0 is comming soon!
Is Ethereum the most valuable Cryptocurrency from them all?
Ethereum Guide: What do you need to know about Ethereum?
ShapeShift Exchange announced layoffs, due to the harsh market conditions

eToro Lists Binance Coin (BNB) Becoming the First Investment Platform to Offer this Asset
Friday November 02, 2018

Binance Coin (BNB) is currently available for trading at the eToro platform. This is the first time that an investment platform offers support to this digital currency. The information was […]

The post eToro Lists Binance Coin (BNB) Becoming the First Investment Platform to Offer this Asset appeared first on BTC Casino Gambling.

The post Ethereum Developers will delay the Constantinople Hard Fork appeared first on CoinStaker | Bitcoin News.

@ 2017 Esol Theme powered by WordPress Developed by ASIATHEMES