Ethereum Constantinople Upgrade Activation Now Set For Next Month

Blockchain, News | January 18, 2019 By:

UPDATE: A core developers call today for ethereum’s Constantinople upgrade has resulted in a new time frame for its debut. Constantinople is now expected to bow in late February on block 7,280,000.

The developers included ethereum creator Vitalik Buterin. The original plans for the upgrade’s activation were scuttled at the last minute when a security flaw was identified.

EARLIER:  The Constantinople upgrade for ethereum has been delayed, as security issues were discovered at the 11th hour by an auditing firm.

The world’s third-largest cryptocurrency by market capitalization, ethereum has recently seen a price run-up in anticipation of the upgrade to its software, which would improve scalability. The reason for the delay was discovered by security auditor ChainSecurity, according to the official ethereum blog. Hackers could have exploited a loophole in the code to steal user funds.

 “Two parties can jointly receive funds, decide on how to split them, and receive a payout if they agree. An attacker will create such a pair with where the first address is the attacker contract listed below and the second address is any attacker account. For this pair the attacker will deposit some money,” ChainSecurity wrote in a blog post.

Ethereum upgrades have been delayed in the past by security concerns and network bugs. When this current issue will be fixed is unclear, but it is expected that a new date will be set on Friday during a developer call