Ethereum Constantinople Hardfork, Network Upgrade going to occur in next 3-days
Ethereum Network Upgrade going to occur at a block number 7,280,000 which is expected on Feb. 28, 2019, reported on Ethereum official blog post on Feb. 22.
Constantinople and St. Petersburg are two Ethereum network upgrade will occur in the upcoming Hardfork of Ethereum.
The main reason for occurring two upgrades instead of one at the same time is due to postponed happened of ‘Constantinople‘ in January which will also going to occur this time.
You can see the countdown time for Constantinople and St. Petersburg upgrade at https://amberdata.io/blocks/7280000.
You can also see the network upgrade in real time during the Hardfork at http://forkmon.ethdevops.io/
For Miners and Token Holders
All ETH token holders who can control their private keys do not have to worry about an upgrade. For those who have ETH coins on Hardware Wallets and on Mobile wallets and on Exchanges then check the support announcement from them.
Binance, Coinbase, Kraken, Metamask, MyEtherWallet, MyCrytpo, Ledger, Trezor, KeepKey, Coinbase wallet, Trust Wallet, Status.im all these are supporting the upcoming ethereum upgrade and you do not need to do anything, just keep your ETH coins there you will not lose anything.
What this Upgrade will do?
By this Ethereum upgrade, the Miners rewards will be reduced and Difficulty Bomb will be delayed which was introduced to stop the pow chain miners after Proof Of Stake Chain (POS) started. Also, there are some technical improvements will be occurred by this upgrade.
Ethereum Chain will be changed from Proof Of Work to Proof Of Stake algorithm to make Ethereum more scalable and to stop the wastage of a large amount of energy (electricity) in the mining.
