Just 48 hours before the planned Constantinople hard fork for Ethereum the brakes were anchored on as a network code vulnerability was discovered. The price of Ethereum took a dive and the upgrade was postponed until the end of this month.<\/p>\n
As we approach the new date for Constantinople, Ethereum is holding steady while most other crypto assets are falling back again. The hard fork this time around will take place at block 7,280,000<\/a> which has been estimated around February 27<\/a>. Hudson Jameson from the Ethereum Foundation confirmed when he spoke to Coindesk; \u201cI suspect it will go as planned. The block number has been set and [the upgrade] is hard coded in the clients now so it\u2019s going along fine,\u201d<\/p>\n The previous problem was with Ethereum Improvement Proposal (EIP) 1283 which proposes net gas metering changes for SSTORE opcode, enabling new usages for contract storage, and making it cheaper to do certain things on chain.<\/p>\n Several test networks including Ropsten had already activated Constantinople<\/a> and the buggy EIP so a new hard fork called Petersberg was needed to remove the EIP. Both will be activated on mainnet later this month. ChainSecurity COO Matthias Egli added;<\/p>\n \u201cFor all practical means for any developer out there on the mainnet, there will not have been Constantinople really, just Petersberg \u2026 Technically in the code, you have two conditions. One says Constantinople gets active at block number [7,280,000] and at the same block number Petersberg gets activated, which takes precedence over Constantinople and immediate supersedes it.\u201d<\/p><\/blockquote>\n Usually a major network upgrade and improvement is bullish for the asset however some analysts think that this one could be bearish. According to Alex Kr\u00fcger postponing the difficulty bomb will actually result in a smaller supply reduction;<\/p>\n With the Ethereum fork approaching<\/p>\n the market may start talking $ETH<\/a> up.<\/p>\n However, the fork is not fundamentally bullish – it's actually bearish, if anything (impact should be already discounted).<\/p>\n By postponing the time bomb, the fork will result in a smaller supply reduction.<\/p>\n — Alex Kr\u00fcger (@krugermacro) February 14, 2019<\/a><\/p><\/blockquote>\n\n