The Ethereum network will be undergoing a scheduled upgrade called Constantinople/ St. Peterburg, resulting in a hard fork at block number 7,280,000, which is predicted to occur on Wednesday, February 28, 2019.
What is the Constantinople/St. Petersburg fork?
The Constantinople/St. Petersburg hard fork is part of a series of upgrades to the Ethereum protocol, that will improve network performance and ongoing usability issues – including its rising gas costs. A hard fork is a change to the underlying Ethereum protocol, creating new rules to improve the system. You can check a countdown timer to this fork at Amberdata.
What does this mean for our members?
As always, our focus is on the safety and integrity of our members’ funds. Accordingly, member funds will remain secure throughout the fork. In order to have a smoother transition during this network upgrade, Uphold will temporarily suspend both deposits and withdrawals of ETH, BAT, and LBA, 1 hour before the block 7,280,000 (approximately 18:00 UTC). At the time of writing, ether’s block height is 7,275,683, meaning the fork should occur in the next 24 hours, given that roughly 4,200 blocks have been mined per day for the past two weeks.
Support of all Ethereum-related transactions will return to full service on Uphold once the network has stabilized.
As always, if you have any questions please feel free to drop us a line at Uphold Support.
– The Uphold Team