Spotlight Growth
No Result
View All Result
Saturday, March 25, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

“Constantinople” Ethereum (ETH) Upgrade Delayed Due to Security Concern

by admin
January 17, 2019
in Cryptocurrency
0
“Constantinople” Ethereum (ETH) Upgrade Delayed Due to Security Concern

Constantinople Ethereum ETH Upgrade Delayed Due to Security Concerns Cryptonews

The cryptocurrency industry’s nascent recovery suffered a setback on Tuesday as Ethereum (ETH) announced a delay to their much-anticipated upgrade. The ‘Constantinople’ hard fork will no longer be occurring in the near future, as the Ethereum developers have identified a potential security concern. The news shook the price of ETH as nervous investors reacted to another delay. The roadmap for the ‘Metropolis’ phase of Ethereum development ends with Constantinople – an important step in the awaited transition to a proof-of-stake algorithm. The hard fork was originally planned for November, before a technical issue caused the test-net to cease functioning.

Source: CoinMarketCap
Source: CoinMarketCap

While the Ethereum development team should be lauded for their thoroughness, the inherent volatility of the cryptocurrency market responds poorly to bad news. The price of ETH dropped 10% in the immediate aftermath of the announcement – although it has since recovered considerably. The switch to Proof-of-Stake is a contentious decision, and each hiccup along the path seems to make the Ethereum community nervous.

Constantinople and the Non-Contentious Hard Fork

Although it is often described as a hard fork, Constantinople exists solely as an upgrade for the primary Ethereum blockchain. This type of upgrade is referred to as a ‘non-contentious hard fork’, wherein the old chain is abandoned and all users switch naturally to the new fork. While it does not directly introduce the Proof-of-Stake algorithm, it helps to set the stage for the eventual arrival. Alongside several optimization changes, the upgrade optimizes systems to reduce gas expenditures – as well as facilitating easier off-chain solutions.

The final, major change is a reduction in block rewards from 3 ETH to 2. To offset this, the difficulty of mining each individual block has been reduced. This is a stop-gap measure to help offset the ‘difficulty bomb’ programmed into the blockchain. This difficulty bomb will eventually make mining Ethereum unfeasible – incentive to complete the Proof-of-Stake transition.

Implications of the Delay

In the short-term, Ethereum may suffer from some price stagnation. The average investor’s confidence in the blockchain took a hit in response to the sudden news. As always, the price will ultimately be at the mercy of the market itself – but some investors may wait for concrete information before reentering the Ethereum trade.

Longer term, the delay is a sign of continued dedication to a stable, secure blockchain. Vitalik Buterin and his development team are ensuring that the Constantinople hard fork does not introduce critical security issues to the chain. Given the frequent exchange wallet hacks and incessant scheming by malicious actors, a focus on security is of the utmost importance to any high profile blockchain.

Article By: Adam Stone

Tags: Bitcoinblockchainblockchain newsConstantinoplecryptocrypto bear marketcrypto coinsCryptocurrencycryptoinvestingcryptonewscryptotraderdelaysdevelopersdigital currencyERC20ETHETH hard forkETH newsEther newsEthereumEthereum upgrade delayedhard forkinvestinginvestmentproof of stakesecurityservicesSpotlight GrowthSpotlight Growth Stockstechtrading
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Is U.S. Government Trying to Ban Crypto Spotlight Growth

Is The U.S. Government Trying to Ban Crypto?

March 23, 2023
Bioadaptives OTC Pink BDPT LOI World Wellness Health and Wellness Spotlight Growth

Bioadaptives (OTC Pink: BDPT) Signs LOI with World Wellness, LLC to Develop New Health and Wellness Products

March 23, 2023
JanOne NASDAQ JAN Sells ARCA Recycling Business Focus on Biopharma Spotlight Growth

JanOne (NASDAQ: JAN) Sells ARCA Recycling Business to VM7, Will Focus on Budding Biopharmaceuticals Business

March 22, 2023
89bio NASDAQ ETNB Phase 2b ENLIVEN Trial Pegozafermin NASH Spotlight Growth

89bio (NASDAQ: ETNB) Reports Phase 2b ENLIVEN Trial of Pegozafermin Achieved Primary Endpoints For Treatment of Nonalcoholic Steatohepatitis (NASH)

March 22, 2023

Recent News

Is U.S. Government Trying to Ban Crypto Spotlight Growth

Is The U.S. Government Trying to Ban Crypto?

March 23, 2023
Bioadaptives OTC Pink BDPT LOI World Wellness Health and Wellness Spotlight Growth

Bioadaptives (OTC Pink: BDPT) Signs LOI with World Wellness, LLC to Develop New Health and Wellness Products

March 23, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested