Assets, Ethereum

Is Ethereum Going to Hard Fork?

The Ethereum network is set to hard fork on January 19th, 2019. The fork, called Constantinople, will implement several ethereum improvement protocols (EIPs) that will make the network more efficient and scalable.

The fork was originally scheduled for November 2018 but was postponed due to security concerns.

The hard fork will be a contentious one, as it includes a change to the way the network handles fees for smart contracts. This change, called EIP 1234, is opposed by a significant portion of the ethereum community.

NOTE: WARNING: Ethereum is rumored to be undergoing a hard fork in the near future. Before making any investments or decisions based on this information, please do your own research and consult with a financial advisor or other professional to understand the potential risks and rewards associated with a hard fork. Investing in cryptocurrencies involves significant risk, including loss of principal. Be sure to understand the implications of the hard fork before making any decisions.

The opposing group believes that the fee change will centralize power on the network and make it less accessible to smaller users and developers.

If the fork goes ahead as planned, it will be the fifth hard fork of the ethereum network. The last hard fork, which implemented the Byzantium update, was successfully completed in October 2017.

The Constantinople hard fork is an important step forward for the ethereum network. It will enable the network to scale more efficiently and provide users with more options for interacting with smart contracts.

However, the contentious nature of the fork means that it is likely to be accompanied by some degree of drama and disruption.

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