{"id":368615,"date":"2019-01-18T18:04:11","date_gmt":"2019-01-18T18:04:11","guid":{"rendered":"https:\/\/wncen.com\/?p=368615"},"modified":"2019-01-18T18:04:03","modified_gmt":"2019-01-18T18:04:03","slug":"ethereum-constantinople-hard-fork-scheduled-for-late-february-following-recent-delay","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-constantinople-hard-fork-scheduled-for-late-february-following-recent-delay\/","title":{"rendered":"Ethereum Constantinople Hard Fork Scheduled for Late February Following Recent Delay"},"content":{"rendered":"
Earlier this week, the highly-anticipated Ethereum (ETH) hard fork event \u2013 dubbed Constantinople \u2013 was delayed just one day before its scheduled event time due to the discovery of a significant security vulnerability that, if it were to have been implemented, would have allowed nefarious actors to steal user\u2019s funds.<\/p>\n
On a conference call this Friday with Ethereum\u2019s lead developers, it was announced that the hard fork is now scheduled to occur on, or around, February 27th on block number 7,280,000.<\/p>\n
Ethereum<\/a> saw some decent price gains earlier this month that many analysts attributed to the Constantinople upgrade, which will reduce the new supply of ETH by 33%. Over the long run, analysts speculated that this supply reduction would lead ETH to see greater price stability and gradual gains.<\/p>\n Prior to the hard fork being delayed, Michael Moro, the CEO of Genesis Global Trading, spoke about<\/a>\u00a0the importance of the supply reduction feature, saying that it could be bullish for ETH\u2019s price.<\/p>\n \u201cBeing that the inflation rate will drop by a third, it could potentially reduce selling pressure that could come from the miners\u2019 reward,\u201d he said.<\/p><\/blockquote>\n Mati Greenspan, the senior market analyst at eToro, also spoke about the event in an email, saying that Constantinople will lead to a new version of Ethereum that is \u201cfaster, cheaper, and has 33% less inflation.\u201d<\/p>\n Although the security flaw, which was discovered this past Tuesday by ChainSecurity<\/a>\u00a0\u2013 a smart contract security audit firm \u2013 did lead to a delay of the event, the supply reduction feature that analysts deemed as being bullish will still be implemented when the upgrade occurs next month.<\/p>\n Although it is hard to tell how much of Ethereum\u2019s January price surge is directly the result of investors anticipation of Constantinople, its price did drop nearly 8%<\/a>\u00a0after the delay and security flaw were announced earlier this week.<\/p>\n Originally, Constantinople featured five Ethereum Improvement Proposals (EIPs) that were intended to be incorporated all at once. Now, the one EIP that contained the security flaw has been removed from the February hard fork, and will be incorporated at a later time after more thorough testing can be done.<\/p>\nConstantinople Security Flaws to Be Solved in Subsequent Hard Fork <\/strong><\/h2>\n