Ethereum hard fork postponed to February 27

What happens to your coins in a hardfork? Programmer explains.

Ethereum hard fork postponed to February 27

Ethereum Platform Developers Decide To Activate Constantinople System Update On Block 7 280 00 to be created on February 27, 2019.

During the discussion on Friday, the team agreed to hold not one, but two hard forks of the main network at once. The first part of the update will continue to include all five planned Constantinople innovations. The second stage is designed specifically to remove the problematic EIP 1283, due to which the release was canceled at the last moment.

This strategy is proposed so that test and private networks that have deployed the updated code can easily integrate the changes without any additional rollbacks and associated issues..

The developers decided not to delay the hard fork due to the threat «difficulty bombs», a separate part of the code, which gradually complicates the process of forming blocks, thereby extending the time of their closure (mining). Part of the Constantinople EIP 1234 package, will slow down this algorithm for a year to simplify the project’s transition to PoS.

As a reminder, LedgerX announced the launch of the Volatility Index (LXVX) to track expected fluctuations in the bitcoin market.

text: Ivan Malichenko, photo: ethereumprice, coddev