Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: tonymillions84 on March 02, 2019, 11:14:36 AM
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i was meant to understand in this blockchain technology that every hard fork gives birth to a new coin. please i want to know if the current fork has any new coin introduced in the market.?
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i was meant to understand in this blockchain technology that every hard fork gives birth to a new coin. please i want to know if the current fork has any new coin introduced in the market.?
As I read the description of this hardfork its just purely upgrading the platform no coin will be created on this activity. The primary aims of the fork is to increase transaction speed and some other stuff to make the ethereum blockchain more efficient and friendly to all ethereum users.
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Until now there has not been seen any influence from the hardfork direction that has occurred. Prices remain down though a little. We hope that there will be an increase in ethereum prices when and after the hardfork.
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After launching Ethereum constantinople hard fork Ethereum price is crushing with simple digit... 2 dollars decreasing after launching.
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I've read that there were some that's going to airdrop some new coins as a result of the hardfork but many have said they were all scams. The Ethereum foundation also clarified that no new coin will be formed after this hardfork.
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I think Constantinople hard fork can trigger the significant rise
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Previously predicted that the rapid effect of the introduction of improvements in ethereum, we will not see. This will occur gradually, but the positive effect will be unequivocal. Well, the new coins from hard forks Constantinople were not planned, these are just five different ethereum network improvements.
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This is not similar to other hardforks that had happened before. As others have said already, there's no new coin from this.
Aside from what has been said that it will lead to the solving of scalability issues of the platform, I have read that the total Ethereum supply will also decrease as a reasult.
A faster and more scalable blockchain and lesser supply may lead to an increase in Ethereum price over time.
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Yes, to Constantinople it was just an update of the Ethereum network on the way of its transition from PoW to PoS. And no new coins were created as a result of this hard fork. Regarding the price of Ethereum, many said that this should have a positive impact on the price of Ethereum now, before the main update of Serenity, which is scheduled to launch at the end of 2019 or early 2020. Perhaps in order to see a positive price movement, more time is needed.