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Market Overly-Focused on Ethereum’s Constantinople Hard Fork, Says Report

Cryptocurrency NewsFeb 06, 2019 05:17PM ET
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© Reuters. Market Overly-Focused on Ethereum’s Constantinople Hard Fork, Says Report

The market was too focused on the Ethereum’s (ETH) Constantinople and Serenity (Ethereum 2.0) hard forks, overshadowing more important upgrades, according to a recent report by cryptoassets trading firm Cumberland Research shared with Cointelegraph.

The Constantinople hard fork is an update to the ETH network, which encloses separate Ethereum Improvement Proposals (EIPs) in order to pave the way to the Ethereum 2.0, which is planned to be the system’s final upgrade. Ethereum 2.0 will switch the ETH network from the current proof-of-work (PoW) consensus algorithm to the more energy efficient proof-of-stake (PoS). In the course of its implementation, Constantinople has seen two delays.

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Market Overly-Focused on Ethereum’s Constantinople Hard Fork, Says Report
 

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