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Ethereum

News and Headlines of Ethereum (ETH)

  • Ethereum has scheduled a hard fork for January 1, 2020
  • SBI VC trade will support the hard fork
  • Only two exchanges are ready for the hard fork

Ethereum News Today – As we prepare to enter the new year in a few hours, much is set to happen in the crypto space the first of which will happen within the Ethereum network. According to reports, the number 2 largest digital currency by market capitalization Ethereum is set to initiate its much-anticipated hard fork, tagged Muir Glacier, by January 1, 2020.

Recall that the Ethereum hard fork that occurred in Istanbul a few weeks back failed to activate the difficulty bomb. Leaving the event inconclusive. Now, many Ethereum followers are expecting the coming fork, Muir Glacier to fully activate the difficulty bomb. Because this is arguably one of the busiest periods of the year, the coming hard fork hasn’t received the type of support it deserves from infrastructure providers, prominent exchanges, and mining pools. In fact, it is only one of those entities that have announced its support for the initiative.

Japanese Exchange, SBI VC Trade will Support the Hard Fork

For now, the Japanese Virtual Currency Exchange SBI VC trade, a subsidiary of SBI, will support Ethereum’s hard fork. The exchange has informed its clients that Ethereum’s scheduled fork will cover a three-day period from January 1 to January 3, 2020. The fork will allow Ethereum to reach a block of 9,200,000. The exchange also cautioned its users against moving into and exiting the Ethereum hard fork. According to the announcement:

If Ethereum is received by us this period, we might not be able to give proper confirmation of it due to stability issues. Hence, we cannot respond.”

Other members of the Ethereum community are confused because of the odd date the Ethereum Foundation picked for the fork. CSO of Blockstream, Samson Mow gave his opinion on the issue via a tweet, while confirming the readiness of platforms. According to data given by Ether nodes, there are about 15,142 blocks left, before block 9,200,000 can be reached. The site also highlighted that about 66.9% of these nodes are ready and have effected the changes required.

Bittrex and Bitso are the Only Exchanges Ready for Ethereum’s Coming Hard Fork

There are only two exchanges that are ready for the Muir Glacier event as of press time. They include Bittrex and Bitso. Prominent exchanges such as Binance, Coinbase, Bithumb, Kraken, Huobi, and Gemini are not prepared for the fork. Similarly, out of 10 Infrastructure providers, only six appear to know about the event, while the remaining four are awaiting confirmation.

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