Ethereum Constantinople Hard Fork Will Be Launched At Block 7080000

Ethereum (ticker: ETH, Coinmarketcap’s #3 cryptocurrency) will see a new hard fork called Constantinople approximately at the beginning of this January when block 7,080,000 is mined, as reported by the major cryptocurrency outlets citing the devs meeting at the end of the last week.

Constantinople is actually a set of proposals (EIPs) aimed to ease this cryptocurrency transition to the Proof-of-Stake consensus algorithm. EIP 145, for example, will introduce the native bitwise shifting method, while EIP 1014, EIP 1052 and EIP 1283 are solving the problem of scalability each in its own different way. And, lastly, EIP 1234 decreases rewards for mining while simultaneously delaying the difficulty bomb for a year.

The current price of Ethereum deserves special attention: it is now only $91.01 USD on Coinmarketcap despite the recent positive news about the previously-delayed Constantinople. Experts comment on this differently: for instance, Blockonomi financial analyst Latika Mehrotra thinks that the price would fall down even further, while Aayush Jindal (NewsBTC) believes that ETH may face bullish trends once again in the near future.

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