Ethereum will be having an upgrade/fork, code-named Constantinople, taking place sometime between the 14th and 18th of January, 2019.

We are informing you that Kriptomat will support the Hard Fork. 

Hard Fork Block Height: 7,080,000

 

What does this mean for you as a user of Kriptomat?

  1. Buying, selling, withdrawals, deposits for Ethereum (ETH) and all supported ERC20 tokens will be disabled/frozen on 10 January 2019 at 23:00 CET. If you wish to make any withdrawals or transactions, please do so before the specified date.
  2. 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. More information about the newly created coins will be announced in the upcoming days.
  3. 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 only support the cryptocurrencies listed below, and their operations will run normally:

  • Bitcoin (BTC),
  • Bitcoin Cash (BCH),
  • Litecoin (LTC),
  • Dash (DASH).

 

Ethereum Hard Fork Explained

1. Ethereum Constantinople Hard Fork

This is the major Ethereum (ETH) hard fork happening between the 14th and 18th of January 2019.

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: 14 Jan 2019