We should be grateful that there is no worthless shitcoin being created. The last thing we need is some type of bitcoin SV equivalent for ethereum. ETCV is a scam so we can all ignore that one
thare are still too many shitcoins
Topic: What to do with Ether after the update? (Read 254 times)
thare are still too many shitcoins
We should be grateful that there is no worthless shitcoin being created. The last thing we need is some type of bitcoin SV equivalent for ethereum. ETCV is a scam so we can all ignore that one
On February 28, the Ethereum community received the hard fork it had awaited since a security bug delayed its implementation in mid January: Constantinople. But what is Constantinople exactly, and what does St. Petersburg have to do with it?
Below we discuss upgrades, Constantinople’s security issues, EIPs, St. Petersburg’s arrival, the “Difficulty Bomb,” and the reason behind it all; Ethererum’s quest to transition from proof-of-work to proof-of-stake.
So what we need to do with this information?
If I hold ETH?
People who own ETH coin do not need to take any special measures unless the exchange, web, mobile, or hard wallet they use tells them to do something. As Vitalik Buterin explained, there’s no need to “dump your non-Constantinople coins”.
If I mine or run an Ethereum node?
When an upgrade happens, certain changes to the Ethereum protocol are written into the various Ethereum clients; if you run a node or mine ETH coins, you need to make sure you update your client, in order to sync with these changes. If you fail to update, your client will sync to the pre-network upgrade blockchain; you will be connected to an incompatible chain, unable to send or receive ETH. This list of links was provided by the official Ethereum blog:
Latest Geth client (v1.8.23)
Latest Parity client (v2.2.10-stable)
Latest Harmony client (v2.3 Build 74)
Latest Pantheon client (v0.9.1)
Latest EthereumJS VM client (v2.6.0)
Latest version of Nethermind client (v0.9.4)
Latest version of Ethereum Wallet/Mist (v0.11.1)
Why deploy two upgrades at once?
As you may remember, the Ethereum Constantinople upgrade was due to launch back on January 16, and was delayed because of security issues. In order to fix these issues on the Ethereum test networks, St. Petersburg was deployed at the same block height.
source: https://coin360.com/blog/constantinople-and-st-petersburg-ethereum-forks-a-crash-course
I think there is no base to worry about its just an improvement of the Ethereum Blockchain and not a major fork or spliting the chain. I think its already done and no need to do more of our Ethereum coins thats what i think im just positive no more no less. Below we discuss upgrades, Constantinople’s security issues, EIPs, St. Petersburg’s arrival, the “Difficulty Bomb,” and the reason behind it all; Ethererum’s quest to transition from proof-of-work to proof-of-stake.
So what we need to do with this information?
If I hold ETH?
People who own ETH coin do not need to take any special measures unless the exchange, web, mobile, or hard wallet they use tells them to do something. As Vitalik Buterin explained, there’s no need to “dump your non-Constantinople coins”.
If I mine or run an Ethereum node?
When an upgrade happens, certain changes to the Ethereum protocol are written into the various Ethereum clients; if you run a node or mine ETH coins, you need to make sure you update your client, in order to sync with these changes. If you fail to update, your client will sync to the pre-network upgrade blockchain; you will be connected to an incompatible chain, unable to send or receive ETH. This list of links was provided by the official Ethereum blog:
Latest Geth client (v1.8.23)
Latest Parity client (v2.2.10-stable)
Latest Harmony client (v2.3 Build 74)
Latest Pantheon client (v0.9.1)
Latest EthereumJS VM client (v2.6.0)
Latest version of Nethermind client (v0.9.4)
Latest version of Ethereum Wallet/Mist (v0.11.1)
Why deploy two upgrades at once?
As you may remember, the Ethereum Constantinople upgrade was due to launch back on January 16, and was delayed because of security issues. In order to fix these issues on the Ethereum test networks, St. Petersburg was deployed at the same block height.
source: https://coin360.com/blog/constantinople-and-st-petersburg-ethereum-forks-a-crash-course
~snip~
There's no new fork coin created after the said hard fork made by ETH. There were debates before that it shouldn't be called hard fork but should be replaced as 'network upgrade' because that's the sole purpose of this hard fork.
And we're into that understand that when there's a hardfork, we all think about new coin creation. But on this case, there's no need to worry about it and there's nothing to claim with this Constantinople hard fork.
~snip~
There's no new fork coin created after the said hard fork made by ETH. There were debates before that it shouldn't be called hard fork but should be replaced as 'network upgrade' because that's the sole purpose of this hard fork.
And we're into that understand that when there's a hardfork, we all think about new coin creation. But on this case, there's no need to worry about it and there's nothing to claim with this Constantinople hard fork.
~snip~
Thank you jossiel for clearing it up. So it's kind of terminology hassle :-)
I myself is not much into ETH just held some of them because I found re reliable after Bitcoin. The other altcoins in the market are too risky for me. I do not deny the fact that some of them are good.
Too many altcoins that are risky to invest but if you are depth with knowledge on it, you will not think of the bad comments that others telling with that coin. I also agree with that, there are some altcoins that are really good and I won't mention one or else others might think that I'm shilling my portfolio.
for people who believes that ETH will be more usable, keeping and investing more will definitely brings a lots of opportunities to earned big
after the bull comes up again and begin to pumped the market.
This thread gives ideas regarding to this past fork of ETH, we must learn deeper if we are aiming for more big success supporting this project.
Top 10 coins in the CMC is good except Ripple(XRP).
may i know what is the reason on why you consider xrp a bad coin ? i mean xrp is a popular coin , it did even de throne eth last month . everyone knows about this coin but why arent you different with us ?
Back on topic, when my first glimpse with Constantinople Fork i thought there is really a new coin out of ETH but it turns out that this is just an upgrade when i do tend out to read the full description which is really typically some terminology confusion.
same here . all of the time i thought that the new eth fork will produce a new fork coin because that is the nature of forking . not until i read some post about constantinopole .
~snip~
There's no new fork coin created after the said hard fork made by ETH. There were debates before that it shouldn't be called hard fork but should be replaced as 'network upgrade' because that's the sole purpose of this hard fork.
And we're into that understand that when there's a hardfork, we all think about new coin creation. But on this case, there's no need to worry about it and there's nothing to claim with this Constantinople hard fork.
~snip~
There's no new fork coin created after the said hard fork made by ETH. There were debates before that it shouldn't be called hard fork but should be replaced as 'network upgrade' because that's the sole purpose of this hard fork.
And we're into that understand that when there's a hardfork, we all think about new coin creation. But on this case, there's no need to worry about it and there's nothing to claim with this Constantinople hard fork.
~snip~
Thank you jossiel for clearing it up. So it's kind of terminology hassle :-)
I myself is not much into ETH just held some of them because I found re reliable after Bitcoin. The other altcoins in the market are too risky for me. I do not deny the fact that some of them are good.
Too many altcoins that are risky to invest but if you are depth with knowledge on it, you will not think of the bad comments that others telling with that coin. I also agree with that, there are some altcoins that are really good and I won't mention one or else others might think that I'm shilling my portfolio.
~snip~
There's no new fork coin created after the said hard fork made by ETH. There were debates before that it shouldn't be called hard fork but should be replaced as 'network upgrade' because that's the sole purpose of this hard fork.
And we're into that understand that when there's a hardfork, we all think about new coin creation. But on this case, there's no need to worry about it and there's nothing to claim with this Constantinople hard fork.
~snip~
There's no new fork coin created after the said hard fork made by ETH. There were debates before that it shouldn't be called hard fork but should be replaced as 'network upgrade' because that's the sole purpose of this hard fork.
And we're into that understand that when there's a hardfork, we all think about new coin creation. But on this case, there's no need to worry about it and there's nothing to claim with this Constantinople hard fork.
~snip~
Thank you jossiel for clearing it up. So it's kind of terminology hassle :-)
I myself is not much into ETH just held some of them because I found re reliable after Bitcoin. The other altcoins in the market are too risky for me. I do not deny the fact that some of them are good.
Back on topic, when my first glimpse with Constantinople Fork i thought there is really a new coin out of ETH but it turns out that this is just an upgrade when i do tend out to read the full
description which is really typically some terminology confusion.
I could not find any information on how to get the forked coins. I have some ETH in my Mew wallet but I do not see any other coins in there. Any information regarding that?
It was a hardfork for a little change change in the Ethereum chain, no free coin or forked coin for this. Ethereum has changed its blockchain to PoS from PoW. That's what I know for now. That is most devs explained about this Constantinople Upgrade. There will be NO new coins after this upgrade.. Still waiting for more updates about this new Proof of Stake out of ETH.
I could not find any information on how to get the forked coins. I have some ETH in my Mew wallet but I do not see any other coins in there. Any information regarding that?
It was a hardfork for a little change change in the Ethereum chain, no free coin or forked coin for this. Ethereum has changed its blockchain to PoS from PoW. That's what I know for now. That is most devs explained about this Constantinople Upgrade. There will be NO new coins after this upgrade.. Still waiting for more updates about this new Proof of Stake out of ETH.
~snip~
There's no new fork coin created after the said hard fork made by ETH. There were debates before that it shouldn't be called hard fork but should be replaced as 'network upgrade' because that's the sole purpose of this hard fork.
And we're into that understand that when there's a hardfork, we all think about new coin creation. But on this case, there's no need to worry about it and there's nothing to claim with this Constantinople hard fork.
~snip~
There's no new fork coin created after the said hard fork made by ETH. There were debates before that it shouldn't be called hard fork but should be replaced as 'network upgrade' because that's the sole purpose of this hard fork.
And we're into that understand that when there's a hardfork, we all think about new coin creation. But on this case, there's no need to worry about it and there's nothing to claim with this Constantinople hard fork.
~snip~
Thank you jossiel for clearing it up. So it's kind of terminology hassle :-)
I myself is not much into ETH just held some of them because I found re reliable after Bitcoin. The other altcoins in the market are too risky for me. I do not deny the fact that some of them are good.
I could not find any information on how to get the forked coins. I have some ETH in my Mew wallet but I do not see any other coins in there. Any information regarding that?
There's no new fork coin created after the said hard fork made by ETH. There were debates before that it shouldn't be called hard fork but should be replaced as 'network upgrade' because that's the sole purpose of this hard fork.And we're into that understand that when there's a hardfork, we all think about new coin creation. But on this case, there's no need to worry about it and there's nothing to claim with this Constantinople hard fork.
After the update, based on the price of ETH at that time I will consider investing in Ethereum. But I think that I will remain to invest in ETH and hold it for the end of this year to expect for the improvement of this market because now the price is stable and ready to pump.
Just invest to ethereum if you think it's future will be great, after the fork I have not seen any significant effect to its price.
After the update, based on the price of ETH at that time I will consider investing in Ethereum. But I think that I will remain to invest in ETH and hold it for the end of this year to expect for the improvement of this market because now the price is stable and ready to pump.
If I hold ETH?
People who own ETH coin do not need to take any special measures unless the exchange, web, mobile, or hard wallet they use tells them to do something. As Vitalik Buterin explained, there’s no need to “dump your non-Constantinople coins”.
I could not find any information on how to get the forked coins. I have some ETH in my Mew wallet but I do not see any other coins in there. Any information regarding that?People who own ETH coin do not need to take any special measures unless the exchange, web, mobile, or hard wallet they use tells them to do something. As Vitalik Buterin explained, there’s no need to “dump your non-Constantinople coins”.
If I hold ETH?
People who own ETH coin do not need to take any special measures unless the exchange, web, mobile, or hard wallet they use tells them to do something. As Vitalik Buterin explained, there’s no need to “dump your non-Constantinople coins”.
I could not find any information on how to get the forked coins. I have some ETH in my Mew wallet but I do not see any other coins in there. Any information regarding that?People who own ETH coin do not need to take any special measures unless the exchange, web, mobile, or hard wallet they use tells them to do something. As Vitalik Buterin explained, there’s no need to “dump your non-Constantinople coins”.
Blockchain did not divide, so there are no new and old coins. Anyone who has ETH or tokens based on the Ethereum platform can use them as before. Only technical conditions have changed, mainly concerning on ETH mining.
legendary
Activity: 2072
Merit: 2012
Marketing Campaign Manager |Telegram ID- @LT_Mouse
Ok so the ETH I had tuned into the same ETH but the new one which use POW? The old one has no name and there are nothing to find these coins? Sorry about my confusion.
You are using MEW as you said. So, you are okay and don't have to do anything. It is for people who use software wallet and they have update with the newest version. There is nothing to worry if someone wrongly send ETH from older version. The coins are safe. ~snip~
Technically,,, a hard fork means there is the original chain and the new, forked chain, so there is always another coin created from a hard fork.
The difference here is everyone has agreed to the hard fork and so we will all be using the forked coin, which will retain the name Ether but the old one, no one will use it and it is worth nothing.
A lot of changes. Most obvious is PoS and block rewards but we should be seeing faster TPS.
Ok so the ETH I had tuned into the same ETH but the new one which use POW? The old one has no name and there are nothing to find these coins? Sorry about my confusion.Technically,,, a hard fork means there is the original chain and the new, forked chain, so there is always another coin created from a hard fork.
The difference here is everyone has agreed to the hard fork and so we will all be using the forked coin, which will retain the name Ether but the old one, no one will use it and it is worth nothing.
A lot of changes. Most obvious is PoS and block rewards but we should be seeing faster TPS.
you should not worry about your old ETH.
"People who own ETH coin do not need to take any special measures unless the exchange, web, mobile, or hard wallet they use tells them to do something"
~snip~
Technically,,, a hard fork means there is the original chain and the new, forked chain, so there is always another coin created from a hard fork.
The difference here is everyone has agreed to the hard fork and so we will all be using the forked coin, which will retain the name Ether but the old one, no one will use it and it is worth nothing.
A lot of changes. Most obvious is PoS and block rewards but we should be seeing faster TPS.
Ok so the ETH I had tuned into the same ETH but the new one which use POW? The old one has no name and there are nothing to find these coins? Sorry about my confusion. Technically,,, a hard fork means there is the original chain and the new, forked chain, so there is always another coin created from a hard fork.
The difference here is everyone has agreed to the hard fork and so we will all be using the forked coin, which will retain the name Ether but the old one, no one will use it and it is worth nothing.
A lot of changes. Most obvious is PoS and block rewards but we should be seeing faster TPS.
I could not find any information on how to get the forked coins. I have some ETH in my Mew wallet but I do not see any other coins in there. Any information regarding that?
It was a hardfork for a little change change in the Ethereum chain, no free coin or forked coin for this. Ethereum has changed its blockchain to PoS from PoW. That's what I know for now. Technically,,, a hard fork means there is the original chain and the new, forked chain, so there is always another coin created from a hard fork.
The difference here is everyone has agreed to the hard fork and so we will all be using the forked coin, which will retain the name Ether but the old one, no one will use it and it is worth nothing.
A lot of changes. Most obvious is PoS and block rewards but we should be seeing faster TPS.
What should the owner of the Ether or the user of the Ethereum network do?
If you store ETH on the stock exchange (for example, Coinbase, Kraken or Binance), a web wallet service (for example, Metamask, MyCrypto or MyEtherWallet), a mobile wallet service (for example, Coinbase Wallet, Status.im or Trust Wallet), or a hardware wallet (such as Ledger, Trezor or KeepKey) - you do not need to do anything unless you are informed about additional actions. This can only be done by a special exchange or wallet service.
What happens if I do not participate in the update?
If you are using an Ethereum wallet that has not been updated for the upcoming fork, your wallet will synchronize with the old version of the blockchain from the moment the fork occurs.
If you store ETH on the stock exchange (for example, Coinbase, Kraken or Binance), a web wallet service (for example, Metamask, MyCrypto or MyEtherWallet), a mobile wallet service (for example, Coinbase Wallet, Status.im or Trust Wallet), or a hardware wallet (such as Ledger, Trezor or KeepKey) - you do not need to do anything unless you are informed about additional actions. This can only be done by a special exchange or wallet service.
What happens if I do not participate in the update?
If you are using an Ethereum wallet that has not been updated for the upcoming fork, your wallet will synchronize with the old version of the blockchain from the moment the fork occurs.
I could not find any information on how to get the forked coins. I have some ETH in my Mew wallet but I do not see any other coins in there. Any information regarding that?
It was a hardfork for a little change change in the Ethereum chain, no free coin or forked coin for this. Ethereum has changed its blockchain to PoS from PoW. That's what I know for now. Jump to: