As the 2018 end Ethereum seems to regain it’s potential reaching the second capitalization position on the market. Since Constantinople does not solve the scalability problem and has not yet provide full PoS support, the Ethereum community implemented different forks during January, let’s take a closer look at them.
To resolve the blockchain issues, you need to make the changes in the core code. Imagine like everyone use old cell phones and then comes smartphones. Some people can continue to use the old phones even if they are not so convenient as smartphones. Others will just switch to the up to date techs. The same is with Blockchain. When you need an upgrade - you need to switch to the new rules. The same is for the Constantinople hardfork will bring code improvements to the Ethereum blockchain.
With many buzzwords on their website that now is suspended, the project seems to grab your ETH private keys and nothing more. So be careful.
ETH holders will get 1 Ethereum Nowa coin for 1 ETH on their wallet. It’s hard to trust the project as on their website to buy ETN tokens you need to move your ETH to their accounts and they will exchange it to ETN instead and the project goals seems uncertain and unclear. Also we can’t figure out who is standing behind their team. On BitcoinTalk you may see investigation, that team members were just stock images and nothing more. .
Also Guarda has investigated the project and found out that one sends the private key data to the Ethereum Nowa servers.
The Constantinople Ethereum hard fork is expected to be on 7080000 blocks. But, on January, 16. It was stated that EIP 1283 has hacking vulnerability and Ethereum community postponed the fork implementation.
The fork itself will affect the mining reward, improved sharding and P-o-S mining. Full P-o-S support is expected to be implemented in the future under the fork called Casper update.
As the developers are skeptical about the update and wants to ensure the Casper update is safe, one got delayed several times. Approximately around 5,500 blocks would be created every day, if every 15 seconds a new block keeps on getting created, which would definitely out a pressure on Ethereum's value, and can prevent inflation.
The Constantinople hard fork is a part of infrastructure and protocol improvement for Ethereum blockchain, so we don't expect any new coins from this.
More details about the changes can be found here.
The lower block rewards will affect miners income, also there will be created implementation of payment channels with smart contracts that will pike up the technological part of the asset. The main thing the fork shows that the Ethereum is live and is the top blockchain asset and technology nowadays. There also expected to be short-term volatility after the hardfork.
They will be stored safely on your address and do not require funds transfer at all. The fork itself won’t affect the amount of ETH you have. Just keep funds on the place you’d like to and in the day of work please be aware and we recommend you to not making transactions due to the probably price volatility.