Hard Fork

Miners forked Ethereum (ETH) and also integrated EIP-1559 (Ethereum Improvement Proposals) on August 5, but there was neither a price crash nor a chain split. Rather, the EIP-1559 upgrade caused Ethereum's price to skyrocket by about 5% and trading volume by nearly 12%.

Most newcomers to the cryptocurrency market are aware that bitcoin is not the only digital currency they can use. However, they are also sure there is only one Bitcoin. That is why they might get very confused to learn there are more than one of them.

Forks are tools employed by blockchain and DLT networks to increase blockchain execution and run the protocol. These are generally distributed into Soft Fork and Hard Fork (hardfork).

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.

The developers of Ethereum have announced a new hard fork, called Istanbul. Unlike most previous hard forks, Istanbul will be completed in 2 stages and will have 6 diverse codebase upgrades.

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.

Bitcoin (BTC), the world's top crypto by market cap, is still experiencing tough times and is likely to fall below $3,000 in January and February 2019, according to experts. Several analysts believe BTC prices will stabilize between $2,000 to $3,000 price level.