{"id":368265,"date":"2019-01-15T22:00:06","date_gmt":"2019-01-15T22:00:06","guid":{"rendered":"https:\/\/wncen.com\/?p=368265"},"modified":"2019-01-15T22:21:46","modified_gmt":"2019-01-15T22:21:46","slug":"ethereum-analysts-believe-upcoming-constantinople-fork-will-be-bullish","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-analysts-believe-upcoming-constantinople-fork-will-be-bullish\/","title":{"rendered":"Ethereum: Analysts Believe Upcoming Constantinople Fork Will be Bullish Despite Delay"},"content":{"rendered":"
Although Ethereum is currently seeing a price drop due to its highly-anticipated Constantinople hard fork being delayed<\/a>, it will still likely prove to be a positive event for the cryptocurrency’s price once the security flaws are smoothed out and it is implemented. Investors will not know until Friday when the new scheduled date for the hard fork is.<\/p>\n The term \u201chard fork\u201d is typically seen as being a negative event for cryptocurrencies, and this is in part due to previous forks that have badly burned investors, like the recent Bitcoin Cash hard fork that split the community and led the cryptocurrency\u2019s price to plunge<\/a>.<\/p>\n Despite this, prominent analysts seem to agree that Constantinople may have bullish implications for Ethereum in the long run, mainly due to its network improvements and its supply reducing upgrade that will reduce the new supply of ETH by 33%.<\/p>\n One of the greatest risks posed by hard forks is when they split the\u00a0cryptocurrency<\/a>\u00a0into two versions. This can greatly impact the crypto\u2019s price action, and it can split the community while driving fearful investors out of their positions.\u00a0It is important to note that this is not the case with the upcoming Constantinople fork,\u00a0which will not be splitting ETH and should offer some great benefits to the network.<\/p>\n Mati Greenspan, the senior market analyst at eToro, discussed the contentions<\/a> hard forks can cause in a recent email, saying:<\/p>\n \u201cSometimes, when there is a disagreement among the community about the upgrade, some members will choose to keep the old version of the blockchain alive and we see a split. The most famous cases of this was when Bitcoin Cash split off of Bitcoin on August 1st 2017 and when Ethereum split with Ethereum Classic back in 2016,\u201d he explained.<\/p><\/blockquote>\n Ethereum core developer Lane Rettig spoke to Bloomberg<\/a>\u00a0earlier today about the upcoming fork, noting that it is one of the least eventful the network has seen in its history.<\/p>\n “I really can\u2019t imagine a less contentious hard fork, to be honest\u2026 Of all the hard forks in the history of Ethereum, it\u2019s probably the least eventful one,” Rettig said.<\/p><\/blockquote>\nEthereum Hard Fork Unlikely to Burn Investors Long-Term<\/strong><\/h2>\n