Ethereum HardForks and its possible Repercussions

in #cryptocurrency5 years ago


okex-to-support-the-upcoming-ethereum-eth-constantinople-hard-fork.jpg

Ethereum has again gained 2nd rank on CMC after surpassing Ripple. Its price has also significantly increased in last 2 weeks due to upcoming hardforks.

Beginning of Ethereum 2.0

It is going to shift from Proof-of-Work to Proof-of-Work model in different phases.

  • Constantinople Fork
    It is one of the most anticipated hard fork of Ethereum schedule to happen on 16th January, 2019. It is supposed to solve scalability issues. Binance has already confirmed for support of this Hard Fork and hodlers of Eth will receive new coin in 1:1 ratio.

  • Classic Vision Hard Fork
    It will happen on January 11, 2019, all Ethereum holders will receive 3 ETCV for each ETH in their personal wallets.

Smart traders can again avail that option again which previously happened with Hard Fork of Bitcoin Cash in the form of 'Hash Wars' and the newly formed coin did 'Bitcoin SV' did gained some worth after that.

If you want to preserve your stake in Ethereum after Hard Fork then it is highly suggested to retain your value in stable coin because most probably this overhyped price currently is gonna drop significantly.

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Good call! If one checks the historical trends of the aformentioned forks we can clearly see that this will likely happen to ethereum as well

That is true.

Let me be clear I think it's highly probable that the price post fork will decrease. I am less convinced that it will plummet like BCH did. This is an uncontentous planned network upupgrade that everybody knows needs to happen.
Anyone thinking that they are buying into two coins is wrong. Post fork the old currency is going to 0. No one will want to mine it. Mostly because of the difficulty bomb that will explode.
Well, that's the plan.

Most probably you could be right. We'll have to wait and see.

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