Ethereum hardfork - what you need to know!

[kenzawak]

Guys please tell me what the exchange in addition to Binance will support a fork of ETCV which will be on 11 Jan?

Exchanges are supporting the Constantinople fork which is just an upgrade of Ethereum, they're not supporting the other forks which are just giving airdrops to you. If you want those, best thing would be to have your ETH on MEW but I don't think it's worth it, these coins will probably have zero value.

[1715361804]

1715361804

[1715361804]

1715361804

[1715361804]

1715361804

[coingecko]

The hardfork is named the "Ethereum Constantinople Hard Fork"
It will happen in approximately 10 days at block #7,080,000 , we built a countdown timer on our site which you can follow while browsing around https://www.coingecko.com/en 

The changes to the network are of the following:-
EIP 145: Bitwise shifting instructions in EVM. Reduce gas usage, cheaper gas fees
EIP 1014: Skinny CREATE2.
EIP 1052: EXTCODEHASH Opcode. This will optimize large scale code execution on the blockchain.
EIP 1283: Net gas metering for SSTORE without dirty maps (replaces 1087). Cheaper gas fees.
EIP 1234: Constantinople Difficulty Bomb Delay and Block Reward Adjustment. This is going to cause mining reward to drop.

Also, because its a hard fork, new coins may be spun out of this. Some known possible hard forks are Classic Vision and Nowa.

Most major exchanges already express support for the ETH Constantinople hardfork.

[kenzawak]

https://dapplife.com/ethereum-classic-vision-nowa-hard-forks/

"But both projects’ websites raise a lot of red flags. Classic Vision’s road map mostly consists of vague promises that the project will do things better and more quickly than Ethereum, while the whitepaper runs to a measly 15 pages with little in the way of references. But these materials at least exhibit the grammatical mastery of English you would expect of a serious project, which is more than can be said for Ethereum Nowa. And whoever is really behind Nowa hasn’t even gone to the trouble of putting together an pamphlet-length whitepaper.

Overall, Ethereum Classic Vision seems more like a Bitcoin Gold than a Bitcoin Cash: a largely inconsequential attempt to spin a fresh cryptocurrency off a more established name, rather than a contentious splintering of the Ethereum community. Timing the launch around the much-anticipated Ethereum Constantinople update seems to be a conscious attempt to generate as much publicity for Ethereum Classic Vision as possible. Even the name of the project feels unimaginative, combining the Ethereum Classic of ETH’s much-more momentous 2015 hard fork with the headline-grabbing Bitcoin Cash Satoshi Vision spin-off.

By attaching its airdrop of free tokens via an Ethereum hard fork to a crowd sale, Ethereum Nowa is potentially more nefarious. Think very carefully before doing anything but offloading the tokens you automatically receive following the hard fork."

[tranthidung]

Hardfork, really?
Personally, I don't call this fork is a hard fork because there are no serious issues with Ethereum network as the time of DAO hack happened years ago, and the network don't have to fork to solve errors from its technical issues.
This time, the fork is for system upgrading purposes, not to solve issues from losses in the network, and so on.
I think that over more than the last one year, after the fork of Bitcoin Cash from Bitcoin, the crypto world have fallen into over-using the 'hard-fork' term.
It's not good at all because it might mislead crypto enthusiasts to wrong directions, that are far away from original purposes of the upgrade.

Constantinople fork is a consensual hardfork, scheduled.

Instead, I would prefer to use the term 'important upgrade' or 'milestone upgrade' to Constantinople for the event.
People created terms for use, then spread them around.
Sometimes, terms used in misleading direction. That's what I meant.

[cokroalif]

I have anticipated that there will be many fraudsters who want to take my private key

You can also read https://cryptoslate.com/ethereums-hard-fork-constantinople-what-you-need-to-know-before-january-16th/

[jonemil24]

Constantinople hard fork (upgrade/update only) is rescheduled!

Read here: https://www.ccn.com/ethereum-hard-fork-rescheduled-heres-when-constantinople-will-finally-launch/

ETCV and ETN forks are both scam! I hope no one from this forum got victimized.

Here are 3 media reports about the scam:
https://www.ccn.com/warning-crypto-scammers-are-taking-advantage-of-ethereum-hard-fork-concerns/
https://ethereumworldnews.com/ethereum-nowa-etn-ethereum-classic-vision-etcv-hard-forks-scams/
https://cointelegraph.com/news/two-alleged-ethereum-scam-forks-appropriating-users-private-keys-report-finds

Locking this thread now.