Binance Prepared Ahead of Time As Ethereum Constantinople Hard Draw Closer
Binance exhange is no left out as it await the hard fork that is about to occure on the number 2 biggest crypto asset by market capitalization. Ethereum the king of smart contracts co-founded
by Vitalik Buterin, a Russian-Canadian programmer and writer. Although this is seen more like an ungrade than a hard fork on the ethereum network.
Annoucing their compliance with the imminent fork;
Binance would like to confirm support for the upcoming Ethereum Constantinople Hard Fork. Please leave sufficient time for deposits to be processed in full prior to the block height shown below. We will handle all technical requirements involved for all users holding Ether in their Binance accounts.
Hard Fork Block Height: 7,080,000
Estimated Time: Between 2019/01/14 and 2019/01/18
Should there be any other hard forks or airdrops during the Constantinople hard fork period, we invite these respective project teams to contact us at firstname.lastname@example.org for further discussion.
For further information, please refer to the meeting minutes at Ethereum Core Devs Meeting 51 Notes
Thanks for your support!
I know many of you have been left Deluded. You should not be. What exactly is Ethereum Constantinople hard fork and how does it affect ethereum and it’s user’s that definitely the thought running your mind’s.
Constantinople hard fork is a long awaited one, which have been on the Ethereum road map since it creation in 2015 to happen in first quarter of 2019 that sink to implement the Ethereum Improvement Proposals (EIPs). EIPs explains the standards on how the Ethereum platform is run, including core protocol specifications, client APIs, and contract standards. This hard fork tend to change the Ethereum validating system from proof of work (PoW) to proof of stake (PoS).
the ultimate goal of the Ethereum Foundation to follow Vitalik Buterin’s vision and move from a Proof-of-Work (PoW) to a Proof-of-Stake protocol, the network technically speaking PoS is faster since everyone can be a miner on the network which in turns makes transactions faster.