ETH Fork? | Bitcointalksearch.org

Bonwin

member

Activity: 798

Merit: 38

Quote from: Olatunjex on January 17, 2019, 05:23:46 AM

Quote from: ronwewee on January 17, 2019, 03:02:31 AM

Quote from: DonnieMitchel on January 16, 2019, 03:18:07 PM

What is the reason for the fork?

Anybody mind to shed some light?

Don't trust ETH fork for a free coin, I have scammed two times from NOWA and ETCV well, my hardwork pays nothing as I support hardfork like that. Well, invest, that is much more better to do.

Be more vigilant next time, it was very glaring that ethereum classic vision was a pure scam, any fork asking for a private key before you can be eligible is a red flag which only noobs can fall for that trick the only recognised hard fork is constantinople.

I also noticed that, they wanted to sell their coins, (which perhaps has not been minted) at discounted rate. I discovered that when I opened their telegram channel.
Nowa was long detected to be a scam, which was foiled through fake team members.
While ETCV used anonymous team and anything of such should be suspected as scam.

Olatunjex

full member

Activity: 1064

Merit: 102

Quote from: ronwewee on January 17, 2019, 03:02:31 AM

Quote from: DonnieMitchel on January 16, 2019, 03:18:07 PM

What is the reason for the fork?

Anybody mind to shed some light?

Don't trust ETH fork for a free coin, I have scammed two times from NOWA and ETCV well, my hardwork pays nothing as I support hardfork like that. Well, invest, that is much more better to do.

Be more vigilant next time, it was very glaring that ethereum classic vision was a pure scam, any fork asking for a private key before you can be eligible is a red flag which only noobs can fall for that trick the only recognised hard fork is constantinople.

Cnut237

legendary

Activity: 1904

Merit: 1277

Constantinople is an important milestone on the ETH roadmap. It is several improvements bundled together, but the key driver is that it moves towards a scaling solution. Check out the roadmap, or have a look at the many articles on the web that go into much greater depth.

The important thing for a casual ETH holder is to be aware that a hardfork does not always mean a chain split. This ETH fork should be viewed simply as an upgrade; it is not contentious and everyone should follow the fork... meaning no chain split and no new coin to hold. Don't fall for any of the 'new coin' scams.

Bearier

jr. member

Activity: 149

Merit: 3

Hardfork was not supported by the miners. and Buterin finally suggested calling it an update, as hard fork implies a split. in the case of Ethereum, this is just a client update.

Rockkey

member

Activity: 490

Merit: 10

Fork is usually done in order to somehow improve the network. To give it new necessary properties. This is the rebirth of which the renewed network begins to behave differently, this is a new reincarnation of the network, so to speak. Therefore, forks are sometimes necessary. They improve the network.

ronwewee

copper member

Activity: 112

Merit: 1

Quote from: DonnieMitchel on January 16, 2019, 03:18:07 PM

What is the reason for the fork?

Anybody mind to shed some light?

Don't trust ETH fork for a free coin, I have scammed two times from NOWA and ETCV well, my hardwork pays nothing as I support hardfork like that. Well, invest, that is much more better to do.

starblocks

hero member

Activity: 1344

Merit: 502

Constantinople is not a contentious hard fork and is designed to simply upgrade the network and lower the mining rewards so it won't have any impact on how you use it and there's nothing you are required to do as a user except check with your wallet provider if there are any updates you need to install prior to the fork occurring to ensure you have the latest updates

Ozero

full member

Activity: 2142

Merit: 183

Quote from: blackhawkeye1912 on January 16, 2019, 07:31:55 PM

Quote from: kindbtc on January 16, 2019, 03:21:14 PM

It is coming to resolve the major issues faced by eth network for example congestion, high fee and delayed transfers with this fork most of the scalability issues will be solved but recently i have heard that this fork is once again delayed for a while.

Yes, the hard fork has.been delayed for now. No reason had been posted though it to early to say. I really wait for this upgrade and hoping this upgrade might help bring the price of ethereum to skyrocketed. Instead, it is pending and I don't know might be the effect of this. I see, this might be the reason why ethereum is going an down with huge percentage recently is that some investors might have foreseen the hard fork will be poseponed again.

Improvements to the ethereum called Constantinople were postponed due to the fact that several hours before this event a vulnerability was discovered, called a re-entry attack, because it was possible to re-enter the same function several times without updating the network to report on its actions, essentially allowing you to continuously withdraw funds. On Friday they have to announce a possible new date for holding hard forks Constantinople.

jademaxsuy

full member

Activity: 924

Merit: 220

Well base on what I learn from reading about fork or hard fork is that a system will be duplicated with a new upgraded system just like what happen to BCH that has now new block chain and being called the BSV. This upgrades was being implemented due to the latest hacking trends or some other factors that like developing a new and fast system will be the most likely reason.

knuckey

sr. member

Activity: 1260

Merit: 251

Quote from: DonnieMitchel on January 16, 2019, 03:18:07 PM

What is the reason for the fork?

Anybody mind to shed some light?

For further information you can see and read their announcements regarding this matter.
https://medium.com/mycrypto/ethereum-constantinople-everything-you-need-to-know-a47f3a16f3d2
https://blog.ethereum.org/2019/01/15/security-alert-ethereum-constantinople-postponement/

dodgecharger

hero member

Activity: 1005

Merit: 500

Quote from: DonnieMitchel on January 16, 2019, 03:18:07 PM

What is the reason for the fork?

Anybody mind to shed some light?

The fork event was due to an upgrade of the Ethereum network, which was the event that was initially set. In view of the previous upgrades, many of the currencies may fall after the upgrade.

Reid

hero member

Activity: 3024

Merit: 651

You could see bitcoin forks history into why they do this.
They are just the same.

There are plugs that seems to be stuck and needs to be resolved. In bitcoin case we felt the slow transaction and high fees. Now, it is resolved but the problem is it got pregnant and produced a new coin which is BCH that is now dividing investors instead of just 1 which is BTC.

TomArayaSlaya

member

Activity: 812

Merit: 10

https://hovr.site/

Basically reduce mining rewards and then introduce some new upgrade to fave way for POS maybe at the end of the day and the list goes on..I think the whole upgrade is so that price can be maintained instead of what we are currently having

thunderbitz2717

sr. member

Activity: 594

Merit: 250

I thought that today will be a great day for the continued improvement of ethereum blockchain, the developers had suddenly decided to postponed the launch for the reason of security issues found in the hard fork. We know that the hard for will sure make the ethereum blockchain one step closer to scalability. But, we can't take for granted that security is a very critical issues. They don't need to rush everything.

dumplingsandsushi

member

Activity: 476

Merit: 41

It's all about scalability (although there are some things to improve stability).

The major problem with eth is that it doesn't scale well.
What that means is that the more people use the network, the slower and more expensive it becomes.
In 2017, the problems really started to show.
For example, there was a very popular game called Cryptokitties.
It was like Tamagotchi and Pokemon but on the eth network.
It caused a huge spike in eth network traffic and confirmation times slowed down to hours and gas prices soared.

The upcoming developments are meant to fix this.
People are excited because this keeps eth competitive against the newer smart contract platforms and shows eth has reliable development.

blackhawkeye1912

sr. member

Activity: 784

Merit: 250

Quote from: kindbtc on January 16, 2019, 03:21:14 PM

It is coming to resolve the major issues faced by eth network for example congestion, high fee and delayed transfers with this fork most of the scalability issues will be solved but recently i have heard that this fork is once again delayed for a while.

Yes, the hard fork has.been delayed for now. No reason had been posted though it to early to say. I really wait for this upgrade and hoping this upgrade might help bring the price of ethereum to skyrocketed. Instead, it is pending and I don't know might be the effect of this. I see, this might be the reason why ethereum is going an down with huge percentage recently is that some investors might have foreseen the hard fork will be poseponed again.

setifien19

full member

Activity: 472

Merit: 101

Quote from: DonnieMitchel on January 16, 2019, 03:18:07 PM

What is the reason for the fork?

When we say FORK, that means a new coin is being produced ( which is basically derived from a mother-coin that existed already ) in order to improve some parameters (that seem to be lacking in the previous coin ) such as : reducing fees & accelerating the confirmation of transactions process, coming up with new features...etc
BTW, if you want to know more about Eth forks that were planned to be achieved in 2019 , you find here a sufficient description of the different forks ( Eth classic vision, Eth nowa, and Constantinople)

Bonwin

member

Activity: 798

Merit: 38

The swap ton another coin is not the main focal point of the hardfork, rather it is some upgrade bin the ethereum network. Conversion of POW to POS. Also, ethereum network has the problem of scalability, this is meant to resolved as well as the subsequent upgrade.

Luvr1000

member

Activity: 504

Merit: 10

the changes that need to happen in ETH technology is a very good step, in my opinion the coin has long needed to change something, because there are many rivals to this coin. after the update, most likely, there will be a good growth, because the creators of this coin should make a quality product, I'm sure Wink

Felipeo

sr. member

Activity: 476

Merit: 262

EOSABC

For many dys in ethereum chain we face many problem like slow transaction rate, transaction fees was high and sometime due to overloded transaction we see a specific conjunction in ethereum chain. And that things effects on the price of the ethereum. To resolve this kind of problem devs announced a fork where they can easily work in this problems. They will work in scalability issues also in this fork. But for some security problem it is delayed now. The team will announc the further progress in upcoming days.

Topic: ETH Fork? (Read 254 times)