Binance to support upcoming ETH Constantinople hardfork

03 Jan, 2019 | Updated: 06 Jan, 2019
by Fifi Arisandi
Exchange
Binance to support upcoming ETH Constantinople hardfork

As the time for Ethereum's Constantinople hardfork is approaching, Binance announced their support to their customers during the process.

Binance just announced their support of the upcoming major fork of the Ethereum network, Constantinople.

After being postponed due to a failure on the testnet last November, the fork is scheduled to take place on January 6th.

Many experts believe that 2019 will be a “bullish year” for the crypto that reclaimed their position as the second largest cryptocurrency by market cap just hours ago.

The long-awaited hard fork is said to be one of the things that will make the predictions come true as it will bring some fairly important changes to the network.

Read more: What to know about Ethereum's Constantinople hard fork

That said, some infightings have been reported to happen between miners and investors as the major changes would make the mining reward reduced, which in turn would slow down ETH’s inflation rate.

Scheduled to take place at block # 7,080,000, Binance estimated it will happen some time between January 14th to 18th, during which the other hard forks or airdrops will be subject to the discussion with the exchange team.

The largest exchange by trade volume ensures their customers that they will take care of all technical requirements by saying, “We will handle all technical requirements involved for all users holding Ether in their Binance accounts.”

So, it's nearly that time of the year again, when a major crypto hardfork happens. Let's just hope that it will end in peace and won't be as dramatic as Bitcoin Cash's.

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