Ethereum Constantinople Hard fork to be delayed

mv1986

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Quote from: george_hured on March 02, 2019, 12:44:07 PM

This was previously, but as far as I know, everything went as usual. Today there is no evidence that something went wrong. I think that the community can not yet understand the big difference between what was and what has become.

But it should make a difference for the user experience? What were the issues that have been resolved and what has been changed? Only the block rewards?

george_hured

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This was previously, but as far as I know, everything went as usual. Today there is no evidence that something went wrong. I think that the community can not yet understand the big difference between what was and what has become.

SRKNGL

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Fork took place but it didn't affect the ethereum price. Even the price continues to fall. It could have had a more positive effect on the price if it happened last month.

BADBITCH

jr. member

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Good news is that the etherum Constantinople has been completed
Atleast according to etherscan.io

So we can expect positive movement from the market as well while the miners give us further information about the updates too

criket

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Quote from: Jrfranco on March 02, 2019, 09:38:14 AM

Just as you said delayed, but it has been done already yesterday as scheduled and I think it was a successful one, but at this moment I never see any impact on the market value of ETH, well it's a gradual processes think. Meanwhile I am so much excited about the effects of the hardfork as the reward for miners will be reduced.

Is that true? if indeed the effects that occur later on the miner might have a long-term impact in the future. for now we cannot know the results of the hardfork on the market. because the reality of the market is still as usual there are no surprises whatsoever.

asdlolciterquit

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Quote from: sandra_x on March 01, 2019, 06:37:20 PM

A bug was discovered at the very last minute that would make it possible to spent a transaction twice.One of the major challenges with ethereum is that any minor error in its upgrade can have far reaching consequences since it has a veey large community

mmm, what bug are you talking about?

With "at the very last minute" do you mean a bug the was discoverd in the last 2-3 days or 1 week or more ago?

Jrfranco

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Quote from: Harkorede on January 15, 2019, 06:06:07 PM

The much anticipated upgrade to Ethereum network is set to be delayed yet again to a yet to be known date due to critical vulnerabilities discovered on the to be implemented upgrade, according to Coindesk.

Quote from: https://www.coindesk.com/ethereums-constantinople-upgrade-faces-delay-due-to-security-vulnerability

Smart contract audit firm ChainSecurity flagged Tuesday that Ethereum Improvement Proposal (EIP) 1283, if implemented, could provide attackers a loophole in the code to steal user funds. Speaking on a call, ethereum developers, as well as developers of clients and other projects running the network, agreed to delay the hard fork – at least temporarily – while they assessed the issue.

Participants included ethereum creator Vitalik Buterin, developers Hudson Jameson, Nick Johnson and Evan Van Ness, and Parity release manager Afri Schoedon, among others. A new fork date will be decided during another ethereum dev call on Friday.

Discussing the vulnerability online, the project’s core developers reached the conclusion that it would take too long to fix the bug prior to the hard fork, which was expected to execute at around 04:00 UTC on Jan. 17.

Called a reentrancy attack, the vulnerability essentially allows an attacker to “reenter” the same function multiple times without updating the user about the state of affairs. Under this scenario, an attacker could essentially be “withdrawing funds forever,” said Joanes Espanol, CTO of blockchain analytics firm Amberdata in a previous interview with CoinDesk.

He explained:

“Imagine that my contract has a function which makes a call to another contract… If I’m a hacker and I’m able to trigger function a while the previous function was still executing, I might be able to withdraw funds.”

Just as you said delayed, but it has been done already yesterday as scheduled and I think it was a successful one, but at this moment I never see any impact on the market value of ETH, well it's a gradual processes think. Meanwhile I am so much excited about the effects of the hardfork as the reward for miners will be reduced.

blockman

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Quote from: kewlc3s on March 01, 2019, 06:50:52 PM

Update is live.. And what can we say?
Commission fee for transfer reduced a lot. Speed - not sure.
Price increase - no. Price is "stable" fork added just about 3% for few hours.

As a big fan of ETH I believe team made great job and ETH will become just stronger

It was activated but haven't seen some effect to it to the market.

I'm expecting that it's going to bring something better within transactions. I'm waiting for news but seems there's none as of the moment.

clonely

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Quote from: Impaler on March 02, 2019, 05:37:31 AM

No it is not delayed now it was already done very successfully. But yeah it was delaying. Ethereum got some serious issues regarding scalability and ten related issues. And in ethereum 2.0 or in Constantinople they done it. The date for the hard form was 28th maybe . and its already over. I think after this hard fork we will see some improvement in etheethereum. Mainly the transaction issues. And now after the fork many more project will com if ethereum really developed. Hope for best and hope that ethereum will recover its price again with market.

I guess there is no problem in their network. Because they've already planned the 3-4 forks. They will successfuly pass the POS algorythim. Buterin is a brilliant man about crypto and coding.

Impaler

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No it is not delayed now it was already done very successfully. But yeah it was delaying. Ethereum got some serious issues regarding scalability and ten related issues. And in ethereum 2.0 or in Constantinople they done it. The date for the hard form was 28th maybe . and its already over. I think after this hard fork we will see some improvement in etheethereum. Mainly the transaction issues. And now after the fork many more project will com if ethereum really developed. Hope for best and hope that ethereum will recover its price again with market.

Siti Nurbaya

jr. member

Activity: 490

Merit: 1

We see Eth is popular and many communities believe and put Eth in hope because it deserves to continue to grow and has its own advantages. A trip that is able to provide a fork and this can maintain its quality so that it has different and better uses.

Felipeo

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Activity: 476

Merit: 262

EOSABC

Ethereum is a platform based token and at this moment ethereum is the most popular and used token. But at this moment somehow price of ethereum bettering low for many issue. The main thing is the market is down So did the whole ico market is. And then competition is very high. And ethereum already has some scalability and technical issue. And in ethereum 2.0 they are gonna resolve and remade the issues. They also works on ten fees and transaction speed.

the1arty

sr. member

Activity: 756

Merit: 259

Quote from: Harkorede on January 15, 2019, 06:06:07 PM

The much anticipated upgrade to Ethereum network is set to be delayed yet again to a yet to be known date due to critical vulnerabilities discovered on the to be implemented upgrade, according to Coindesk.

Quote from: https://www.coindesk.com/ethereums-constantinople-upgrade-faces-delay-due-to-security-vulnerability

Smart contract audit firm ChainSecurity flagged Tuesday that Ethereum Improvement Proposal (EIP) 1283, if implemented, could provide attackers a loophole in the code to steal user funds. Speaking on a call, ethereum developers, as well as developers of clients and other projects running the network, agreed to delay the hard fork – at least temporarily – while they assessed the issue.

Participants included ethereum creator Vitalik Buterin, developers Hudson Jameson, Nick Johnson and Evan Van Ness, and Parity release manager Afri Schoedon, among others. A new fork date will be decided during another ethereum dev call on Friday.

Discussing the vulnerability online, the project’s core developers reached the conclusion that it would take too long to fix the bug prior to the hard fork, which was expected to execute at around 04:00 UTC on Jan. 17.

Called a reentrancy attack, the vulnerability essentially allows an attacker to “reenter” the same function multiple times without updating the user about the state of affairs. Under this scenario, an attacker could essentially be “withdrawing funds forever,” said Joanes Espanol, CTO of blockchain analytics firm Amberdata in a previous interview with CoinDesk.

He explained:

“Imagine that my contract has a function which makes a call to another contract… If I’m a hacker and I’m able to trigger function a while the previous function was still executing, I might be able to withdraw funds.”

Yes, it was delayed. However, it happened yesterday, the price did not reflect at all.
Now we are waiting for next hardfork - Istanbul, which is planned to happen in late October according to their roadmap.

kewlc3s

full member

Activity: 672

Merit: 140

Update is live.. And what can we say?
Commission fee for transfer reduced a lot. Speed - not sure.
Price increase - no. Price is "stable" fork added just about 3% for few hours.

As a big fan of ETH I believe team made great job and ETH will become just stronger

miropp

full member

Activity: 810

Merit: 101

The news about the Ethereum fork provoked a small growth in the market. But in fact it is bad that it is constantly postponed. But maybe it's for the best.

sandra_x

member

Activity: 574

Merit: 14

A bug was discovered at the very last minute that would make it possible to spent a transaction twice.One of the major challenges with ethereum is that any minor error in its upgrade can have far reaching consequences since it has a veey large community

high110

sr. member

Activity: 728

Merit: 253

A Blockchain Mobile Operator With Token Rewards

Finally, a platform update has occurred. Now it is important that there are no major errors. This is a good update. Small commissions are very important for Dapps. A reduced block reward can have a positive effect on the price of a coin.

terra_vival

jr. member

Activity: 238

Merit: 1

Finally, the Ethereum update happened and we are seeing the expansion of the network, improvement of security, reduction of the Commission. I think in the course of time we will see new opportunities for good work done by the Ethereum project team.

Aponkye1

member

Activity: 336

Merit: 10

I think currently the hardfork has already taken place and all the security issues has been fixed. All looks good with the network and hopefully i wish to see the price of Ethereum rise gradually since the block reward has been reduced to 2.04ETH.

AgentZero23

member

Activity: 644

Merit: 10

It got delayed for good reasons, besides the updates was successfully implemented yesterday and no issues. And there was no chain split and the eth rewards decreased for miners from 3 eth to 2 eth. The best thing about that update is the cheaper gas fee and the lowest gas fee was 0.005 usd and it really a big improvement.

Topic: Ethereum Constantinople Hard fork to be delayed (Read 710 times)