• bitcoinBitcoin(BTC)$29,338.00-3.88%
    BITCOIN
    24H : -3.88%
    Volume : $26,261,040,214.00
    Marketcap : $559,796,027,174.00
  • ethereumEthereum(ETH)$1,982.17-3.57%
    ETHEREUM
    24H : -3.57%
    Volume : $13,965,885,201.00
    Marketcap : $240,043,155,807.00
  • tetherTether(USDT)$1.0000.110%
    TETHER
    24H : 0.110%
    Volume : $47,735,005,243.00
    Marketcap : $73,319,981,176.00
  • binancecoinBNB(BNB)$325.710.220%
    BNB
    24H : 0.220%
    Volume : $2,352,363,067.00
    Marketcap : $54,965,430,340.00
  • usd-coinUSD Coin(USDC)$1.000.190%
    USD COIN
    24H : 0.190%
    Volume : $5,522,331,992.00
    Marketcap : $53,281,310,120.00
  • rippleXRP(XRP)$0.407-3.48%
    XRP
    24H : -3.48%
    Volume : $1,792,320,764.00
    Marketcap : $19,725,361,332.00
  • binance-usdBinance USD(BUSD)$1.000-0.35%
    BINANCE USD
    24H : -0.35%
    Volume : $6,716,403,930.00
    Marketcap : $18,353,715,127.00
  • cardanoCardano(ADA)$0.520-4.69%
    CARDANO
    24H : -4.69%
    Volume : $658,055,058.00
    Marketcap : $17,610,727,098.00
  • solanaSolana(SOL)$49.74-6.07%
    SOLANA
    24H : -6.07%
    Volume : $1,436,368,085.00
    Marketcap : $16,941,546,022.00
  • dogecoinDogecoin(DOGE)$0.084-2.59%
    DOGECOIN
    24H : -2.59%
    Volume : $413,849,512.00
    Marketcap : $11,218,183,013.00
Cointelegraph.com.au
  • bitcoin
    BTC$29,338.00-3.88%
  • ethereum
    ETH$1,982.17-3.57%
  • tether
    USDT$1.0000.110%
  • binancecoin
    BNB$325.710.220%
  • usd-coin
    USDC$1.000.190%
    • News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
      • Press Releases
      • Analysis
      • ICO News
      • Technology
    • Videos
      • Altcoin Videos
      • Bitcoin Videos
      • Blockchain Videos
      • Ethereum Videos
      • ICO Videos
    • Crypto Exchanges
    • Market Cap
    • ICOs
    • Submit Press Release
    • Contact Us
    No Result
    View All Result
    • News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
      • Press Releases
      • Analysis
      • ICO News
      • Technology
    • Videos
      • Altcoin Videos
      • Bitcoin Videos
      • Blockchain Videos
      • Ethereum Videos
      • ICO Videos
    • Crypto Exchanges
    • Market Cap
    • ICOs
    • Submit Press Release
    • Contact Us
    No Result
    View All Result
    Cointelegraph.com.au
    No Result
    View All Result
    Home News Technology

    Ethereum Surges 85% in 18 Days as Constantinople Hard Fork Approaches

    cointelegraph by cointelegraph
    May 15, 2020
    in Technology
    Reading Time: 2 mins read
    4.2k 42
    0
    Ethereum Surges 85% in 18 Days as Constantinople Hard Fork Approaches
    5k
    SHARES
    38.8k
    VIEWS
    Share on FacebookShare on Twitter

    All cryptocurrencies dumped to yearly lows in mid-December, Ethereum among them. Some have made a slight recovery but others have taken off at a far greater pace.

    ETH Market Cap Doubles in Three Weeks

    On December 15 Ethereum was smashed to an 18 month low of just above $83 according to Coinmarketcap. Its market capitalization was $8.6 billion, the lowest it has been since May of the previous year. Things were that bad that ETH lost its second place to Ripple’s XRP token for several weeks.

    Since the bleakest day of the year for crypto things have gone better for Ethereum as it has made a recovery of over 85% to its current levels. This surge in price has taken ETH to $155 in just 18 days and enabled it to retake second position from XRP yesterday. At the time of writing Ethereum has increased that gap to over $1 billion in market capitalization over XRP. Since the low ETH market cap has almost doubled to $16.2 billion where it currently stands.

    Related articles

    Report: The Biggest Crypto Bears Are Selfish Chinese Miners

    Report: The Biggest Crypto Bears Are Selfish Chinese Miners

    May 15, 2020
    Coinbase CEO: Crypto in VR is the Next Big Application of Blockchain

    Coinbase CEO: Crypto in VR is the Next Big Application of Blockchain

    May 15, 2020

    Constantinople Driving Recovery

    The long awaited Ethereum hard fork is due around January 16. It will result in a new forked blockchain which contains all of the Ethereum Improvement Proposals (EIPs) of which five are being adopted. Developers are assuming that it will not be a contentious hard fork and that miners will automatically switch to the new improved one at block height 7,080,000.

    One of the major upgrades will be on Ethereum performance as it is already facing a lot of competition from other platforms such as EOS, NEO and NEM which are already faster. The Ethereum Virtual Machine (EVM) will be improved under EIP 145 which alters bitwise shifting instructions to use less Gas. A new smart contract code verification improvement comes under EIP 1052 which makes them more efficient and cost effective.

    Introducing off chain transactions, similar to Bitcoin’s lightning network, comes under EIP 1014 which can greatly improve the performance and throughput of Ethereum. The fourth major upgrade is EIP 1234 which reduces the block reward and delays the difficulty bomb. Block time should stay at around 15 seconds however.

    To prevent a repeat of the split from Ethereum Classic (the original Ethereum) the difficulty bomb was introduced in 2015 to make mining exponentially more difficult over time in preparation for a later switch to Proof of Stake consensus with Casper, and to force miners to work on updated forks, not old ones. Constantinople introduces a further delay to the difficulty bomb giving miners more time. Finally EIP 1283 provides net metering to reduce Gas usage on the network.

    Major crypto exchanges such as Binance have already announced support for the hard fork. A Constantinople tracker with in depth detail on all EIPs can be found on Github.

    Image from Shutterstock

    Read More From Original Source

    Tags: Casperconstantinopledifficulty bombEIPETHethereumevm
    Share2017Tweet1261
    cointelegraph

    cointelegraph

    Related Posts

    Report: The Biggest Crypto Bears Are Selfish Chinese Miners

    Report: The Biggest Crypto Bears Are Selfish Chinese Miners

    by cointelegraph
    May 15, 2020
    0

    Many have been wondering which group represents the majority of crypto bears recently as prices keep plummeting. Those that got...

    Coinbase CEO: Crypto in VR is the Next Big Application of Blockchain

    Coinbase CEO: Crypto in VR is the Next Big Application of Blockchain

    by cointelegraph
    May 15, 2020
    0

    Either it will be the best thing the crypto world will ever experience or a farce in the name of...

    Crypto Crash Reality Check a Good Thing For The Industry

    Crypto Crash Reality Check a Good Thing For The Industry

    by cointelegraph
    May 15, 2020
    0

    The long drawn out bear market of 2018 has been very painful for a lot of crypto traders. However, it...

    Innovation Continues Despite Crypto Crush, 0x Launches Web and dApp Payment Platform

    Innovation Continues Despite Crypto Crush, 0x Launches Web and dApp Payment Platform

    by cointelegraph
    May 15, 2020
    0

    As cryptocurrency prices continue to tumble, some blockchain projects may disappear into the digital dust while others forge on with...

    Ripple Exec: Crypto Technology Needs Improvement Before Adoption

    Ripple Exec: Crypto Technology Needs Improvement Before Adoption

    by cointelegraph
    May 15, 2020
    0

    This year’s bear market has seen most of the top cryptocurrencies hemorrhage over 80% as they plummet from those lofty...

    Load More
    Please login to join discussion
    • Trending
    • Comments
    • Latest
    Binary Bot 95%| Free Download

    Binary Bot 95%| Free Download

    March 12, 2020
    FREE BITCOIN CRYPTOTAB HACK SCRIPT 2020 , 14 BTC WORKING

    FREE BITCOIN CRYPTOTAB HACK SCRIPT 2020 , 14 BTC WORKING

    March 31, 2020
    𝗙𝗿𝗲𝗲 Blockchain fake bitcoin transaction software (R.B.F full option)

    𝗙𝗿𝗲𝗲 Blockchain fake bitcoin transaction software (R.B.F full option)

    February 16, 2020
    Blockchain   Bitcoin Miner V3 2  Best Blockchain Mining Tool    2020

    Blockchain Bitcoin Miner V3 2 Best Blockchain Mining Tool 2020

    June 27, 2020
    Analyst Who Predicted Bitcoin’s $3,000 2018 Bottom Says This is Next

    Analyst Who Predicted Bitcoin’s $3,000 2018 Bottom Says This is Next

    0
    Bitcoin to Be One of the 2020s’ Top Investments: Ex-Goldman Sachs Exec Says Why

    Bitcoin to Be One of the 2020s’ Top Investments: Ex-Goldman Sachs Exec Says Why

    0
    This Eerily Accurate Fractal Suggests Bitcoin Will Soon Explode to $12,000

    This Eerily Accurate Fractal Suggests Bitcoin Will Soon Explode to $12,000

    0
    Last Year’s Top Crypto Market Performers Are Lagging Behind Altcoins in 2020

    Last Year’s Top Crypto Market Performers Are Lagging Behind Altcoins in 2020

    0
    UST

    Nox Bitcoin To Refund UST At $1 To Their Customers

    May 23, 2022
    Bitcoin

    TA: Why Bitcoin Price Could Explode Above $30.6K In Near-term

    May 23, 2022
    Bitcoin

    Bitcoin Reclaims $30K Territory After Recent Weeks’ Struggle – Analysts Weigh In

    May 24, 2022
    Ethereum

    Ethereum Could Tank Further; Here’s What The Charts Say

    May 23, 2022
    bitcoin Bitcoin
    $29,338.00
    $29,338.00
    EUR: €27,488.83
    GBP: £23,347.86
    7D Chart-3.88%
    ethereum Ethereum
    $1,982.17
    $1,982.17
    EUR: €1,857.23
    GBP: £1,577.46
    7D Chart-3.57%
    tether Tether
    $1.000
    $1.000
    EUR: €0.937
    GBP: £0.796
    7D Chart0.110%
    ripple XRP
    $0.407
    $0.407
    EUR: €0.382
    GBP: £0.324
    7D Chart-3.48%
    cardano Cardano
    $0.520
    $0.520
    EUR: €0.487
    GBP: £0.414
    7D Chart-4.69%
    litecoin Litecoin
    $69.41
    $69.41
    EUR: €65.04
    GBP: £55.24
    7D Chart-4.07%
    bitcoin-cash Bitcoin Cash
    $192.39
    $192.39
    EUR: €180.26
    GBP: £153.11
    7D Chart-3.21%
    eos EOS
    $1.32
    $1.32
    EUR: €1.24
    GBP: £1.05
    7D Chart-3.88%

    Recent News

    UST

    Nox Bitcoin To Refund UST At $1 To Their Customers

    May 23, 2022
    Bitcoin

    TA: Why Bitcoin Price Could Explode Above $30.6K In Near-term

    May 23, 2022
    Bitcoin

    Bitcoin Reclaims $30K Territory After Recent Weeks’ Struggle – Analysts Weigh In

    May 24, 2022

    Categories

    • Altcoin News
    • Altcoin Videos
    • Analysis
    • Bitcoin News
    • Bitcoin Videos
    • Blockchain Videos
    • Ethereum News
    • Ethereum Videos
    • ICO News
    • ICO Videos
    • News
    • Press Releases
    • Technology
    • Uncategorized
    Cointelegraph.com.au

    Bringing you the very latest crypto news and reviews from around the world.

    • About
    • Contact Us
    • Submit Press Release
    • Privacy Policy

    © 2019 Cointelegraph.com.au

    No Result
    View All Result
    • News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
      • Press Releases
      • Analysis
      • ICO News
      • Technology
    • Videos
      • Altcoin Videos
      • Bitcoin Videos
      • Blockchain Videos
      • Ethereum Videos
      • ICO Videos
    • Crypto Exchanges
    • Market Cap
    • ICOs
    • Submit Press Release
    • Contact Us

    © 2019 Cointelegraph.com.au

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.