Categories: EthereumNews

Ethereum’s Constantinople Hardfork to be activated on Jan 16, 2019

The much-awaited Ethereum’s Constantinople has a date. It’s January 16th, 2019. The hardfork will take place at around 7 AM UTC. The date was announced by Ethereum developer Afri on Twitter.

The new hardfork would make Ethereum faster, and less expensive. According to developers the hardfork would “usher in a new wave of distributed ledger technologies”.  The block in which that hardfork will take place is 7,080,000.

Constantinople is a controversial hardfork. The hardfork would decrease miners rewards from 3 ETH to 2 ETH but also decrease the block time, making the network faster. Although scheduled to take place a while back, the developers could not come into a consensus with the miners.

To signify the hardfork date, developers working on Constantinople and community members are adding Jan 16 besides their Twitter Display Name.

The announcement has had no effect on the price of Ethereum so far, one of the possible reason for the same could be due to sluggish cryptocurrency markets. Ethereum is currently trading at $136, a 0.11% decrease since the past 24 hours. According to price analysis, Ethereum is expected to move sideways for a while.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He joined the cryptocurrency space in 2017. He is the founder of Blockmanity. He is a HODLER and is holding BTC, ETH & UGT.

Share
Published by
Ishan Garg
Tags: EthereumNews

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago