the The Ethereum network, has on 28. February successfully “forked”. The implementation of the Updates to Constantinople and St. Petersburg went smoothly. The Ether-Normal consumer probably the most tangible change is the reduction in Block Rewards from three to two ETH. The ETH course of this deflationary Signal so far, not impress.
By Christopher clover
At the 1. March 2019ETH$136,16 1.14%Facebook Twitter LinkedIn xing mail
Good things take time: After the last Hard Fork date for the Ethereum network, has been postponed at the last Minute, ran the Constantinople-from the Update this time without incident. Not least because the developers refused this Time on the Integration of Ethereum Improvement Proposal EIP 1283. The latter included the potential vulnerability for the Constantinople-cancellation from 15. January was the cause. Test networks on which EIP 1283 integrated through the Update of St. Petersburg, which has synchronously been to Constantinople, and also successfully ran.
against Inflation: The “Thirdening”
in addition to some Updates that are primarily for Ethereum developer-relevant, the biggest improvement in the reduction of the Block Rewards. Through the Integration of EIP 1234 Ether-Miner to receive henceforth only two ETH for a successfully mined Block. Previously, the Block reward was three ETH, which is why the reduction in received the ominous name of “The Thirdening”.
The one-third lower Block Reward to counteract, among other things, the Inflation of Ether. This is intended to move in the coming years more and more in the direction of Zero. Ethereum developer Eric Conner announced in September 2018 on Twitter a graph that describes the development of the Ether-Inflation. However, Conner was at the time that the Constantinople-Update in November 2018 would take place:
Here’s the updated Ethereum supply/inflation graph. This assumes:
-EIP-1234 in November via Constantinople hard fork
-Hybrid Casper in 2020 (0.6 ETH/block to PoW miners, 0.22 ETH/block to PoS stakers)
-Full Casper in 2022 (0.22 ETH/block to PoS stakers). pic.twitter.com/qsl3rhY922— Eric Conner (@econoar) September 4, 2018
Instead of an inflation rate of over seven per cent, to ensure the Thirdening now for a Rate of just over four percent. A Signal for a rate increase, you might say. It would have been safe, would have been the Update to the originally planned date. In the meantime, it can be assumed that the Constantinople of investors has already been priced in mostly – at least the Hard Fork caused so far, for any price rally. With 136,60 US Dollar (editorial deadline) lost the ETH-rate one percentage point compared to the previous day.
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