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Binance And OKEx To Support Ethereum Hard Fork

17:20 04/01/2019

Binance and OKEx, with a difference of two days, published on their official websites press releases, in which they reported support for a future hard fork on the Ethereum network.

 

The Binance crypto exchange warns customers about the need to decide on the deposits in advance, taking into account the time for their confirmation. The crypto exchange will deal with all technical issues that may arise during the conduct of the hard fork.

Despite the fact that the Constantinople hard fork does not provide for the creation of new chains, Binance experts express concern about the possible appearance of any projects and airdrops. The platform invites their creators for discussion through email.

 

The OKEx crypto exchange published a similar press release on its website, urging its users to be careful during the hard fork.

 

Developers in the Ethereum network reached an agreement on the block on which the hard fork will be activated in December 2018. It is assumed that the block 7 080 000 will be detected in the time interval between January 14 and 18, 2019.

The Constantinople code will help ease the transfer of Ethereum to the Proof-of-Stake algorithm, the so-called “difficulty bomb” will be postponed for a year and a half, helping to make updates, and the reward of miners for the block will decrease from three to two ethers.

 

Earlier, Kosala Hemachandra, the founder of MyEtherWallet, stated that there are high expectations regarding the activation of the long-awaited Constantinople update in Ethereum.

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