Binance Will Support the Upcoming Ethereum (ETH) Constantinople Hard Fork


Binance, the world’s leading¬†crypto exchange, announced Wednesday that it will be supporting the upcoming Ethereum (ETH) Constantinople hard fork, which brings five separate Ethereum Improvement Proposals (EIPs) in order to facilitate the transition from proof-of-work to a proof-of-stake consensus algorithm.

According to the announcement, Binance plans to handle all technical requirements involved with the fork, which is set to occur at a block height of 7,080,000. This puts the fork date sometime between January 14 and 18, depending on the hash rate through the coming weeks.

The decision to move forward with the fork was made during the bi-weekly developers meeting on Friday, December 7. The agreement came after a delay due to a consensus issue that occurred during the upgrade trial on Ropsten testnet last October October.

ETH is currently down 2% to $150.79, bringing the project to a $15.7 billion market cap. Ethereum has shown significant momentum over the last few weeks and is now up around 80% from its mid-December low and has officially overtaken XRP (XRP) in market cap to once again become the second largest cryptocurrency behind Bitcoin (BTC).

Interesting: Ethereum Plans to Cut Its Absurd Energy Consumption by 99%
Similar: Constantinople Ahead: What You Need to Know About Ethereum’s Big Upgrade

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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