Bitcoin Forum

On February 28, the Ethereum community received the hard fork it had awaited since a security bug delayed its implementation in mid January: Constantinople. But what is Constantinople exactly, and what does St. Petersburg have to do with it?

Below we discuss upgrades, Constantinople’s security issues, EIPs, St. Petersburg’s arrival, the “Difficulty Bomb,” and the reason behind it all; Ethererum’s quest to transition from proof-of-work to proof-of-stake.

What are Constantinople and St. Petersburg?

Constantinople and St. Petersburg are network upgrades – though it has been contested by some that “upgrade” is an unlikable euphemism for a hard fork (see the comments Vitalik Buterin has received about this) – that were successfully implemented on February 28, at 19:57 (UTC), at block number 7,280,000. St. Petersburg was implemented to undo one of Constantinople’s Ethereum Improvement Proposals (EIPs), which contained a security vulnerability.

About the Constantinople fork: EIPs, the bug, and the delay

Constantinople, like the hard forks that came before it (Homestead in 2016 and Byzantium in 2017) was meant to introduce a new, upgraded branch to the blockchain, with an improved protocol. It would usher in five specific implementations, called the Ethereum Improvement Proposals (EIPs).

Why was St. Petersburg necessary?

Test networks are always upgraded before the mainnet, as a precaution. Ropsten is one such test network. The original Constantinople changes were applied to test networks before the delay, and “require a 2nd network upgrade to reverse the original changes,” explains the Ethereum blog. This second upgrade would be St. Petersburg. It occurred at the same time as Constantinople on February 28th, and all it did was simply to remove the buggy EIP 1283. You can check details for this here.

source: https://coin360.com/blog/constantinople-and-st-petersburg-ethereum-forks-a-crash-course

I was hoping for some bull run atleast by ethereum before this Hardfork but i think everything in the cryptoworld is so gloomy right now that even the good news are unable to make some positive impact.

That is usually the case when a new coin is created as a result of the hardfork, It is different for Constantinople, no new coin that's why it did not pump as you were expecting.

I'm interested in what will happen with ETH in a year

All depends on Bitcoin. Bitcoin price will show us what will happen future. All coins affects from Bitcoin price deeply. So, you may look what trend is going on with BTC.

Not sure about all will depend on bitcoin but i should remind you about slowly ethereum will try to leave from the domination that created by bitcoin. It's not so deeply as you said. It's only a little bit higher than bitcoin but that's not the same as 2017.

I think there is a little bit bull run happen past days ago which also affect all crypto price including bitcoin but there are still many ETH miner out there that will prevent ETH to increase it's value like what happened few days ago where the price of ETH reach $160 USD  and then drop to $130 because there are many miners holding their ETH and hoping for the price of ETH increased.

I think they are just making this news just to let the price of ETH increase so that those big farm ETH miners who hold big amount of ETH can sold their ETH in the higher price. 

I think this hardfork is not really good cause it didn't affect too much on ETH. Take a look back few days ago, ETH price just increased a little bit and dumped right after that so I think this hardfork coin is not really good and it's just a cause of ETH whales to sell their ETH with higher price as usual. Beside, I still don't know anything about ETH hardfork until now.

I think the impact of this Ethereum hard fork is very low, and it has not had a huge impact on the price of the currency. I thought I could get a forked token, but unfortunately nothing.

I'm not sure it depends on bitcoin. ETH and BTC are two different coins

As 52% of total value of cryptocoin held by a single coin Bitcoin, it easily defines the trend of every cryptocurrency. The dominance of Bitcoin is one of the reason why the cryptosphere is not getting diversified use and adoption of crypto as all of the cryptos are looked as an alt of bitcoin.

I think the hardfork is only intended for the upgrade of the Ethereum Blockchain and nothing to worry about. Im a ethereum fan so im very positive that the result of these hardfork was only to elevate more the position of Ethereum as one of the top cryptocurrency in the cryptomarket today.

honestly we don't need to do anything, we just need to believe in developing a project like ETHEREUM.
but sometimes I think ETH only needs a C.E.O compared to hardfork.

We need a lot of investors because I think it will become higher the value of the ethereum . Maybe hardfork have good effect because it will become high the value but not all the hardfork is good because they can cause for us to dump to the value.
I hope the C.E.O of the ethereum will do more upgrade to the ethereum so that's why we can earn more profit because of upgrading will rise the price.

it already has a CEO, people may not call him that but it is the part and parcel of a centralized altcoin! it has always been like this from the early days, they decide and changes go through without regarding the network and things such as consensus have no meaning in centralized altcoins.

in fact that centralization is the only reason why there is no hope for the future of ethereum and the coins like it. as we move forward more people realize that the key to success in this system is to be decentralized that is why bitcoin is the only one that is succeeding.

well as they explain it was needed. but I don't know

Maybe after Ethereum Hardfork, there will be price changes that attract the attention of ethereum fans. Because of the increase in tissue, of course, it will make ethereum tissue faster in transactions. So I was very happy to hear this news. Thank you!

Looks like they have added everything in this upgrade that was said by the community so ot is very positive that they listen and act according to the community advice as they have also done stpeterburgs upgrade too which was intended to cover the security threat that was pointed out by some people as a result of constantinople upgrade so seems like eth developers have got everything covered im sure this upgrade will prove to be huge for eth in future.

Its already stated before that its just a development and there will be no forked token, and this is also why there is no hype with ETH. There’s an impact of course, if you can see ETH are more faster now than before and this development will soon give a big impact in the market, and I know ETH will pump because of this.

I don't expect this hardfork will have any effect over ETH's price. No new coin, just an upgrade to the old blockchain. I guess this will only have positive changes in the speed of ETH transactions.

We cannot deny that the canary hard fork from ethereum made eth prices experience an instant surge, it was very reasonable to me because everyone entered the market to buy eth because they wanted to get ethereum constantinople. But, after the news passed the market became stable again even the price of some crypto returned to stable prices before the news of this hard fork eth sticking out.

It will come next, the fork is not made for the bull run but it is inside it.
The fork are meant for the faster transaction and lesser fees. but ofcorse if people find it better then the demand will rise.
If that happen then the price will rise.

Will they go for the POS?

to be honest, I hope this coin will be stable

The coin will be stable and I see no reason why we should panic because the upgrade didn’t make the price of ETH appreciate.
Normally, I don’t expect the upgrade to have much effect on the price since it was just a bug fixed and it’s just like a maintenance carried out.

Ethereum has always been known and if they decided to carry out an upgrade, it’s just a way of making the system better and not necessarily mean that investors will automatically come in except few investors coming in as a result of their speculation of the price effect of the upgrade on coin.