Tag: Hard Fork

Blockchain.com Wallet Confirms ‘Limited Support’ for Bitcoin SV

Blockchain.com Wallet Confirms ‘Limited Support’ for Bitcoin SV

BITCOIN CASH, COINTELEGRAPH, CRYPTOCURRENCY
Cryptocurrency statistics and wallet provider Blockchain.com announced it had launched partial support for Bitcoin SV (BSV) in a blog post Jan. 22.The product of a contentious hard fork of Bitcoin Cash (BCH), BSV has existed since November 15, 2018, but suffered various technical difficulties in the weeks following its creation.Some wallet providers and exchanges were initially skeptical of the new coin, with major exchange Kraken noting BSV had “many red flags” and “should be seen as an extremely high risk investment.”Blockchain.com, formerly Blockchain.info, confirmed Tuesday that users have some of the same options with BSV as with its four other hosted cryptocurrencies — Bitcoin (BTC), Bitcoin Cash, Ethereum (ETH) and Stellar (XLM).“We have been tracking Bitcoin SV chain [sic] closely
Hodler’s Digest, Jan. 14–20: Top Stories, Price Movements, Quotes and FUD of the Week

Hodler’s Digest, Jan. 14–20: Top Stories, Price Movements, Quotes and FUD of the Week

BITCOIN, COINTELEGRAPH, CRYPTOCURRENCY
Top Stories This WeekEthereum’s Constantinople Hard Fork Delayed Until February After Vulnerability FoundEthereum’s (ETH) Constantinople hard fork has been delayed until late February after smart contract audit firm ChainSecurity found a security vulnerability allowing a reentrancy attack. The security bug found would potentially let an attacker steal crypto from a smart contract on the network while requesting funds from it repeatedly while feeding it false data. In the aftermath of the discovery, Ethereum developers said that the activation would instead take place at block number 7,280.000, which is expected to be mined on Feb. 27, 2019, instead of in January. Before the bug was found, an Ethereum developer had said that the hard fork would be the least eventful in the history of Ethere
Ethereum Team Lead: Constantinople Hard Fork to Activate in Late February

Ethereum Team Lead: Constantinople Hard Fork to Activate in Late February

COINTELEGRAPH, CRYPTOCURRENCY, ETHEREUM
Core developers of Ethereum (ETH) have postponed the activation of the Constantinople hard fork until late February. The upgrade is now set to be implemented at ETH block 7,280,000, as announced by a team lead at Ethereum, Peter Szilagyi, in a tweet Jan. 18.In his announcement, Szilagyi explains that the activation will take place at block number 7,280.000, which is expected to be mined on Feb. 27, 2019. The upgrade will reportedly be implemented as “a single fork on mainnet and a post-Constantinople-fixup fork on the testnets to get them back in line feature wise with the main network.”The new deadline comes in the wake of an unexpected delay over a recently discovered security vulnerability allowing a reentrancy attack, which has been detected in Constantinople’s code by smart contract a
What Caused Ethereum to Delay Their Much-Awaited Hard Fork?

What Caused Ethereum to Delay Their Much-Awaited Hard Fork?

ETHEREUM, NEWSBTC
Ethereum Core developers announced on Tuesday that they would postpone their much-awaited Constantinople hard fork.The team, which has previously settled January 16 as the official date for the Ethereum blockchain upgrade, decided to delay it after ChainSecurity found potential vulnerabilities in the code. The Switzerland-based blockchain audit firm said that Constantinople would enable “reentrancy attack,” whereby a pair of hackers can use the code to simulate a secure treasury sharing service.[SECURITY ALERT] #Constantinople upgrade is temporarily postponed out of caution following a consensus decision by #Ethereum developers, security professionals and other community members. More information and instructions are below. https://t.co/p2znO8HGxf— Ethereum (@ethereum) January 15, 2019Chea
Vulnerability Is Found in Constantinople Hours After ETH Devs Call It ‘Least Eventful’ Hard Fork

Vulnerability Is Found in Constantinople Hours After ETH Devs Call It ‘Least Eventful’ Hard Fork

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY, ETHEREUM
Ethereum’s (ETH) Constantinople hard fork faces a delay over a newly discovered security vulnerability allowing a reentrancy attack. The critical issue was detected by smart contract audit firm ChainSecurity and reported in a blog post Jan. 15.According to the company’s report, the Constantinople upgrade introduces cheaper gas cost (transaction fees) for some operations on the Ethereum network. As an unexpected side effect, this allegedly enables reentrancy attacks via the use of certain commands in ETH smart contracts.A reentrancy vulnerability allows a potential attacker to steal cryptocurrency from a smart contract on the network by repeatedly requesting funds from it while feeding it false data about the malicious actor’s actual ETH balance.Afri Schoedon, the hard fork coordinator at E

Ethereum: Analysts Believe Upcoming Constantinople Fork Will be Bullish Despite Delay

ETHEREUM, NEWSBTC
Although Ethereum is currently seeing a price drop due to its highly-anticipated Constantinople hard fork being delayed, it will still likely prove to be a positive event for the cryptocurrency’s price once the security flaws are smoothed out and it is implemented. Investors will not know until Friday when the new scheduled date for the hard fork is.The term “hard fork” is typically seen as being a negative event for cryptocurrencies, and this is in part due to previous forks that have badly burned investors, like the recent Bitcoin Cash hard fork that split the community and led the cryptocurrency’s price to plunge.Despite this, prominent analysts seem to agree that Constantinople may have bullish implications for Ethereum in the long run, mainly due to its network improvements and its su
Ethereum: ETH Price Plunges as Constantinople Fork is Delayed Due to Security Flaw

Ethereum: ETH Price Plunges as Constantinople Fork is Delayed Due to Security Flaw

ETHEREUM, NEWSBTC
Over the past several weeks, Ethereum has seen consistent price gains that can be largely attributed to investors anticipating its Constantinople hard fork. This fork was widely viewed as being bullish due to it reducing the future supply of ETH by 33%.Now, Ethereum’s price is plunging due to Constantinople being delayed as a result of a security vulnerability that, if it were to be implemented, could result in a loophole that provides attackers with the ability to exploit the code and steal user’s funds.Ethereum Constantinople Hard Fork DelayedEarlier today, news broke that smart contract security audit firm, ChainSecurity, noticed a flaw within one of the proposed improvement upgrades included in the hard fork, which could allow funds to be easily stolen by nefarious actors.In a conferen
Coinbase, Kraken Join Major Exchanges Supporting Ethereum Constantinople Hard Fork

Coinbase, Kraken Join Major Exchanges Supporting Ethereum Constantinople Hard Fork

COINTELEGRAPH, CRYPTOCURRENCY, ETHEREUM
Major United States cryptocurrency exchanges Coinbase and Kraken became the latest to confirm support for Ethereum’s (ETH) Constantinople hard fork, both announcing on Twitter, Jan. 14.The two major exchanges join Binance, Huobi and OKEx in pledging to monitor the event, which will trigger at Ethereum block height 7,080,000, expected this week.“Coinbase intends to fully support the Constantinople Ethereum (ETH) upgrade,” staff wrote in the post, adding:“Upon commencement of the upgrade, for security and technical purposes, we will temporarily pause sending and receiving ETH across all of our trading platforms until the upgrade completes and we confirm security of the network.”In a tweet, Kraken also confirmed it would support Constantinople, officials adding they “expect this will be a non

Gauging Community Expectations and Developer Readiness as Ethereum’s Constantinople Launch Date Approaches

COINTELEGRAPH, CRYPTOCURRENCY, ETHEREUM
The next attempt to implement the Ethereum (ETH) hard fork is expected to come in the interval from Jan. 14 to Jan. 18 — or according to Afri Schoedon, the release manager for the Parity Ethereum client, Jan. 16. At that point, the 7,080,000 block will be extracted, and the Constantinople upgrade will be activated.all-core-devs call: constantinople upgrade for ethereum mainnet activation suggested for 16th of january 2019, block number to be confirmed on black friday in a fortnight— Afri 🌩️ Jan 16 (@5chdn) November 9, 2018To be on the safe side, the Ethereum Foundation also added an emergency switch that will delay the activation of Constantinople in case something goes wrong. Initially, the hard fork was planned for November 2018 but was postponed after Ethereum clients failed to reach a
No Respite For Ethereum as Constantinople Hard Fork Approaches

No Respite For Ethereum as Constantinople Hard Fork Approaches

ETHEREUM, NEWSBTC
Ethereum’s long awaited Constantinople hard fork and network upgrade is due this Wednesday but last week’s crypto crash, followed by further losses yesterday, have resulted in ETH wiping out most of its recent gains.Hard Fork Expected WednesdayAccording to a recent post on the Ethereum blog the scheduled upgrade will occur at block number 7080000 which is predicted to arrive on Wednesday, January 16. A countdown has been posted to get a more accurate timing of the hard fork.Constantinople will provide several key upgrades to the Ethereum network addressing performance, cost efficiency, and further preparation for an eventual switch to proof of stake consensus. Five Ethereum Improvement Proposals (EIPs) will be implemented during the upgrade.The first, EIP 145, upgrades bitwise shifting ins