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Reason why ETH hardfork was moved

01/17/2019
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At an emergency conference of Ethereum developers, it was decided to move the Constantinople hardfork for an indefinite period. Once again, technical problems do not provide an opportunity to switch to the new PoS algorithm.

Consequent failed hard forks

Just a few hours before the launch of the Constantinople hardfork, the team was forced to postpone its deadlines. The reason was the report of the company Cybersecurity ChainSecurity. Its experts found a network vulnerability that could lead to double debit.

Already on January 18, the date of the next attempt to launch the update will be announced. In the meantime, the developers took a pause to assess possible risks. The study showed that after the hardfork network was vulnerable to a replay attack. That is, there was the possibility of repeated calls to the same function. As a result, wallet owners were vulnerable to hackers.

Consequences of rescheduled hardfork

It is noteworthy that the community calmly reacted to the identified problem. The price of the coin. On January 16, they gave $ 124 for it, then the price rose to $ 130. And after this news was published, it again returned to the $ 124 mark. Probably, users are already accustomed to disrupting Ethereum hardforks.

The first launch of Constantinople was planned in October 2018. But then the test transition in the Ropsten network led to the emergence of unplanned ramifications. An attempt to solve the problem in the first week failed, and the developers decided to fork in early 2019. Although vulnerabilities have been identified, the community is relatively calm.

The fact is that during the fork, a change of the PoW algorithm to PoS is planned. And this is an extremely difficult technical task. However, its decision will allow ethereum to become a much more attractive financial asset.

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