Ethereum, the second most popular cryptocurrency in terms of market capitalization, is set to update its software in yet another hard fork. Although the cryptocurrency has had declined in its price, the ethereum community are unbothered of the decline in the asset's price. In this article we review the outcome of the next update on the Ethereum Network on the cryptocurrency’s normal Usages.
As February approaches its end, the cryptocurrency ecosystem is expecting two hard forks from Ethereum (ETH) this week: Constantinople and St. Petersburg upgrades. A TRON hard fork will also occur at the end of this month.
XMR developers, and the whole team at large, are ready and in high gear to fork their network on Saturday, March 9th 2019 in order to lower the effectiveness of ASICs (application-specific integrated circuits). The hard fork might cause a change to the Monero proof-of-work (PoW) algorithm and also lower the hash rate competences of ASIC miners by a significant factor of over 2.5.
Ethereum’s (ETH) trading range reduced on January 15, as concentration shifted to the keenly awaited Constantinople upgrade expected in the next 24 hours. The hard fork, also known as the “thirdening” for trimming down the amount of new Ethereum discharged into circulation, is anticipated to bring technical changes to the globe’s third-biggest blockchain.
Another significant development for the Ethereum network is Constantinople, which is going to be implemented this January. This upgrade is also called “Ethereum 2.0” and the “New Ethereum”. The main aim of this fork is to improve the basic capacity of scaling within the framework of the network.
Bitcoin’s Price has been surprising traders and miners a lot this year. Unfortunately, these price changes, as a rule, were of a negative character. Bitcoin has been falling deeper and deeper since the beginning of 2018, with a few short-term bull-runs.