Coinbase and Kraken Extends Support to Ethereum Constantinople Hard Fork

Coinbase and Kraken, the cryptocurrency exchanges which heads from the United States, are the latest to join the list of exchanges to support the Ethereum Constantinople hard fork. Both Coinbase and Kraken made the announcement via Twitter on January 14.

Coinbase wrote in its official Twitter account that it was ready to extend assistance to the awaited Constantinople Ethereum channel upgrade. The formulated network upgrade which is named as Constantinople is expected to happen somewhere between January 14 to January 18.

The tweet read “Coinbase intends to fully support the Constantinople Ethereum (ETH) upgrade,” staff wrote in the post, Upon commencement of the upgrade, for security and technical purposes, we will temporarily pause sending and receiving ETH across all of our trading platforms until the upgrade completes and we confirm security of the network.”

Kraken also took to Twitter to make its declaration to support Constantinople. Kraken’s official twitter handle stated “Kraken will be supporting this, We expect this will be a non-contentious fork. No new coins will be credited to ETH holders as we expect the old chain will quickly become obsolete.”

Both the exchanges will join Binance, Huobi and OKEx in assuring to monitor the said activity, during which 7,080,000 Ethereum block height will be extracted followed by an upgradation.

Coinbase, further went on to describe what to look forward to during the upgrade. It assured the customers that they will be able to carry on the process to buy, sell, trade and convert Ethereum at the time of enhancement, on Coinbase Pro, Coinbase Prime, Coinbase.com including their IOS and Android apps, without any interference. It added that due to security and technical reasons, they would suspend sending and receiving ETH for a short while in all their trading arenas once they start with the upgradation. This process will be followed until the completion of the upgrade and security is prevailed.

The tweet said “Upon commencement of the upgrade, for security and technical purposes, we will temporarily pause sending and receiving ETH across all of our trading platforms until the upgrade completes and we confirm security of the network. The network upgrade will not interfere with buying, selling or trading of ETH on Coinbase Pro, Coinbase.com or mobile apps.”

A cloud of curiosity has been built up with some even dreading that the coin would split as a result of the hard fork. The curiosity of the users was put to ease by an assurance from the co-founder of Ethereum, Vitalik Buterin, who assured that only a replacement of the chain would take place with a better one.

The anxiety concerning the split started due to the sensational Bitcoin Cash disaster that happened last year. Vitalik feels that Ethereum masses should consider the activity as “network upgrade” for Constantinople rather than “fork” referring to as Zcash’s similar activity that had used the tag “network upgrade” when they too had gone for an alteration of their blockchain.

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