Ethereum co-founder, Vitalik Buterin, recently took to Twitter to make it clear to the community that the upcoming Constantinople hard-fork will not be splitting the coin in two as feared by many. In fact, it will just replace the chain with an upgraded one.
The concern regarding the split sparked after the dramatic Bitcoin Cash fiasco that took place last year. At that time, the ‘hard-fork’ issue soon escalated to ‘hash war’. Apparently, Vitalik got a number of queries and comments related to the Constantinople and specially if it’s splitting into two chains – one with the Constantinople upgrade and the other one without the upgrade.
Not only, Vitalik denied the rumour, but also added that Ethereum community should adopt zCash’s terminology ‘network upgrade’ for Constantinople instead of ‘fork’. In the past, zCash used the term ‘network upgrade’ for a similar change of their blockchain.
In the recent tweet, the Ethereum founder clearing the confusion wrote, “IMO the Ethereum community should consider adopting @zcashco’s terminology of calling things like Constantinople “network upgrades” and reserve “fork” for splits that leave 2+ viable chains. Too many people asking me lately where they can dump their non-Constantinople coins.”
Mati Greenspan, Senior Market Analyst at eToro agreed to Vitalik saying, “Yes! Thank you Vitalik. I’ve been saying this to people all week. Calling them upgrades rather than forks will vastly reduce confusion, especially among newcomers. It will also reduce the number of scams out there who try to take advantage of said confusion.”
In other news, Constantinople hardfork is already backed by 19 cryptocurrency exchange including popular exchanges like Huobi and OKEx. Ethereum’s hardfork will take between January 14 to 18 and will fundamentally change their blockchain network. The network’s synchronous nodes will update to the entire system and the to soften the transition from proof-of-work (PoW) to a more energy efficient proof-of-stake (PoS) consensus algorithm a separate Ethereum Improvement Proposal (EIP) will be enclosed.
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