Constantinople is the long-awaited hard fork of Ethereum (ETH). The hard fork was initially scheduled to be launched in October. However, the development team of Ethereum (ETH) shifted the launch date due to some delays. Recently, the team tweeted that the hard fork will be launched in November no matter what. However, they did not release any specific date for the launch.
Constantinople Testnet Encounters Consensus Issues
On the 13th of October, Infura – Ethereum blockchain infrastructure firm – tweeted about the current situation of the testnet. According to the tweet, an alleged consensus issue in the testing of Constantinople has caused the testnet to be unusable. According to the tweet, the testnet of the planned hard fork of Ethereum (ETH) is not usable at the moment due to the consensus issue.
The tweet from the Ethereum blockchain Infrastructure firm also advises the dev team to use other testing networks while the developer community of Ethereum (ETH) is investigating the issue. According to the report of several Ethereum devs, Constantinople became active on the Ropsten testnet at block 4,230,000 on the 13th of October.
Constantinople Will Not Be Activated This Year
After Constantinople became active on the Ropsten testnet, the testing caused a consensus issue on Ropsten, according to reports. This led Afri Schoedon – Ethereum (ETH) developer – to release a series of posts on Twitter saying Constantinople cannot be launched this year. He said there would be no Constantinople in 2018. He added that they have to investigate the issue.
On the 14th of October, Schoedon said that in the recent Ethereum core devs call, the developers of Ethereum said they won’t be able to activate the hard fork this year if it has some critical issues on Ropsten. This further clarifies the statement of Schoedon.
He asked the community to stay tuned until the next developers call which is scheduled for October 19th. The hard fork of Ethereum – Constantinople, is a system-wide update that is built to enhance the efficiency of the network.
Ethereum (ETH) Price Trend and Analysis
The second most dominant digital currency in the world has fallen out of love with traders. This was revealed in the recent data released by Bitfinex. The report published by the exchange reveals that more than 300 thousand outstanding short positions in Ethereum. This resulted in a total value of about $60 million, and this is the highest bearish bet against the digital currency since its inception.
Only this year, Ethereum (ETH) has lost more than 70 percent of its value. Whereas, it is down by 40 percent compared to its value by this time last year. Ethereum (ETH) is now trading below the $200 mark after maintaining a stable value over that level for the past couple of days.
Ethereum (ETH) Price Today – ETH / USD
The digital currency is currently supported at the $190 mark. Below that level, the next major support is at the $186 level. Ethereum is currently capped at the $200 mark, and the bulls are desperate to push the value of the coin higher towards the $220 level. However, a break over the $200 and $210 levels are needed for the coin to surge towards the $220 mark.