Leading cryptocurrency exchanges OKEx and Huobi global will support the Ethereum (ETH) Constantinople hard fork that is calculable to happen between January. 14 and 18, as per a press release shared with Top Market Group.

The Constantinople hard fork is an upgrade that is meant to essentially change the Ethereum blockchain, with the synchronous nodes update to the complete system. The hard fork encloses separate Ethereum Improvement Proposals (EIPs) so as to melt the transition from proof-of-work (PoW) to the additional energy economical proof-of-stake (PoS) consensus algorithm.

OKEx can reportedly take a shot of all the OKEx accounts at the block height 7,080,000, the number at that Ethereum core developers agreed to launch the hard fork within the beginning of Dec. The exchange is looking traders to deposit their ETH tokens into the exchange as it can administer all the technical necessities for the hard fork.

Huobi also will support the exhausting fork. The same as OKEx, Huobi advises its purchasers to deposit their ETH to Huobi international so as to raised accommodate any technical problems associated with the exhausting fork. The exchange additionally expects the exhausting fork at block height 7,080,000.

Ethereum was designed as a platform for decentralized applications (DApps), and 4 main upgrades are set down in its development so as to form the network better suit this purpose. The final goal of the Ethereum Foundation is to follow Vitalik Buterin’s vision and move from a PoW to a PoS protocol, which can purportedly address mining and measurability related issues.

Once released, the enhancements would essentially change the Ethereum blockchain via a number of recent upgrades, that prevent any backwards compatibility,  that means that nodes should either update synchronically with the complete system or keep it up running as a separate blockchain entity.

Today, Ethereum core developers reached a tentative consensus to implement a new proof-of-work (PoW) formula, “ProgPoW,” which might increase the potency of GPU-based mining on the network. The devs leaned towards rolling out ProgPoW sometime before the launch of Istanbul, as a stand-alone however system-wide upgrade — though the precise timing for ProgPoW can still be mentioned within the next devs’ meeting on January. 18.

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