Ethereum will be having an upgrade/fork, code-named Constantinople, which is predicted to occur on Thursday, 28 February 2019. Read the official upgrade announcement here.
We are informing you that Kriptomat will support the Hard Fork.
Hard Fork Block Height: 7,280,000
What does this mean for you as a user of Kriptomat?
- Buying, selling, withdrawals, deposits for Ethereum (ETH) and all supported ERC20 tokens will be disabled/frozen on 28 February 2019 at 19:00 CET. If you wish to make any withdrawals or transactions, please do so before the specified date.
- If a new coin emerges, all users having ETH on Kriptomat at the time of the fork will receive the new coin. We will credit the users as soon as we make sure that all the technical aspects are in order.
- All trading and transaction operations are scheduled to resume when we ensure that everything is operational after the upgrade/fork.
During the time of the fork, Kriptomat will normally support the cryptocurrencies listed below:
- Bitcoin (BTC),
- Ripple (XRP),
- EOS (EOS),
- Litecoin (LTC),
- Stellar (XLM),
- TRON (TRX),
- Bitcoin Cash (BCH),
- Bitcoin SV (BSV),
- Cardano (ADA),
- Monero (XMR),
- IOTA (IOTA),
- NEO (NEO),
- Ethereum Classic (ETC),
- Zcash (ZEC),
- Dash (DASH).
Ethereum Hard Fork Briefly Explained
The Constantinople upgrade is the next step in the Ethereum roadmap. It follows the Byzantium upgrade and is an important preparation step before the Serenity upgrade. With all those changes in place, the developers intend to make the Ethereum network cheaper and more efficient. As a part of the upgrade, they will decrease the block time for the network to work faster. Running smart contracts will also become cheaper.
This is an important step for an eventual transition from the Proof of Work (PoW) protocol to the Proof of Stake (PoS) protocol (Casper update).
Last update: 27 February 2019
NOTE
This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns. Risk only assets that you are willing to lose.
