How Will Ethereum Hark Fork Effect Prices This Time Around?

Just 48 hours before the planned Constantinople hard fork for Ethereum the brakes were anchored on as a network code vulnerability was discovered. The price of Ethereum took a dive and the upgrade was postponed until the end of this month.

As we approach the new date for Constantinople, Ethereum is holding steady while most other crypto assets are falling back again. The hard fork this time around will take place at block 7,280,000 which has been estimated around February 27. Hudson Jameson from the Ethereum Foundation confirmed when he spoke to Coindesk; “I suspect it will go as planned. The block number has been set and [the upgrade] is hard coded in the clients now so it’s going along fine,”

The previous problem was with Ethereum Improvement Proposal (EIP) 1283 which proposes net gas metering changes for SSTORE opcode, enabling new usages for contract storage, and making it cheaper to do certain things on chain.

Several test networks including Ropsten had already activated Constantinople and the buggy EIP so a new hard fork called Petersberg was needed to remove the EIP. Both will be activated on mainnet later this month. ChainSecurity COO Matthias Egli added;

“For all practical means