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    Home » Binance and OKEx announced support for the upcoming hardfork Ethereum

    Binance and OKEx announced support for the upcoming hardfork Ethereum

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    By BlockchainJournal on January 4, 2019 News
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    Binance and OKEx, the two largest bitcoin exchanges in terms of trading volumes, announced their support for Constantinople – the forthcoming hardfork Ethereum.

    Binance Will Support The Upcoming Ethereum Constantinople Hard Fork https://t.co/Jt91lT7hdY pic.twitter.com/OTr8fNOLr8

    – Binance (@binance) January 3, 2019

    In a statement released on January 3, Binance states that users need to make deposits in advance, taking into account the time required to confirm them. Technical aspects hardforka Exchange takes over.

    Despite the fact that the upcoming hardfork does not imply the formation of new chains, Binance, apparently, admits the possibility that new projects and eirdropy may appear in the process. Their authors exchange offers to dialogue regarding possible support.

    Almost identical in content to the statement on Friday, January 4, made OKEx.

    We will support the Ethereum (ETH) Constantinople hard fork. Please rest assure that we will handle all the technical requirements. https://t.co/I8St0hWd8d

    – OKEx (@OKEx) January 3, 2019

    Recall that a consensus regarding the block number for activating the hardtop Constantinople was reached in early December. A block of 7,080,000 is expected to be found between January 14 and 18.

    Originally planned for November 2018, the upgrade contains a number of changes and code optimizations designed to facilitate the transition of Ethereum to the Proof-of-Stake algorithm. Among other things, they include the transfer by 18 months of the so-called “bomb of complexity”, which contributes to timely upgrades, and also suggest a decrease in the reward to miners from 3 to 2 ETH for the mined block.

    Meanwhile, ETH, having risen to the second place in the CoinMarketCap list by capitalization at the beginning of the year, showed quite good growth over the last 24 hours, rising at some point in the morning hours of Friday by more than 5%. At the time of publication, ETH is trading at $ 154.

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