Many within the crypto space and the ethereum community, in particular, believe that the recent rally of the second largest cryptocurrency ethereum (ETH), is due to the forthcoming update in ethereum Constantinople hard fork by Jan 16th.
This is expected to take place at a block height of 7,080,000 but as well happen before or after the scheduled date. Throwing its weight behind this development is one of the largest crypto exchange in the world, Binance exchange. In an announcement, the crypto exchange encouraged its users that holds ETH to be patient with them, since there are tendencies that deposits could be delayed in anticipation of great traffic in the ethereum blockchain that will be caused by this update.
The exchange also encouraged its traders not to be worried since they are proficient in taking care of the technicalities that will be correlated with this imminent update on Ethereum Constantinople hard fork.
Binance would like to confirm support for the upcoming Ethereum Constantinople Hard Fork. Please leave sufficient time for deposits to be processed in full prior to the block height shown below. We will handle all technical requirements involved for all users holding Ether in their Binance accounts.
Hard Fork Block Height: 7,080,000
Estimated Time: Between 2019/01/14 and 2019/01/18
Although the Ethereum community were able to achieve a consensus in the release of this hard fork, Binance exchange was mindful that other interesting parties could as well release an airdrop on their own version of ethereum hardfork in the ethereum network since some developers have interest in other updates excluding the agreed ethereum Constantinople hard fork by Jan 16th.
Binance added that: “Should there be any other hard forks or airdrops during the Constantinople hard fork period, we invite these respective project teams to contact us at email@example.com for further discussion.” Nevertheless, ethereum is presently trading at $147.27 at the time of writing with a market capitalization of about $15.3 billion.