Constantinople and St. Petersburg are activated

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According to a Cointelegraph report, “The Constantinople and St. Petersburg network upgrades for the world’s second largest cryptocurrency, Ethereum (ETH), occurred on Feb. 28, according to ethstats.net.”

This means it went according to the plan to go live on the main network at block 7,280,000, in accordance with previously released schedule. Cointelegraph also points out, “Although the upgrade has two names of two originally separated updates, they have subsequently been combined into one.”

However, according to Ethernodes.org, not all Ethereum users have adopted the updates: only 22.3 percent of Geth and Parity clients are reportedly already running the Constantinople-compliant version.

Constantinople is set to bring multiple efficiency improvements to the platform, including cheaper transaction fees for some operations on the Ethereum network, while the St. Petersburg upgrade is meant to delete a previous update, Ethereum Improvement Proposal (EIP) 1283, from Ethereum’s test networks, since that EIP had been identified to have security vulnerabilities.

Following the ethereum blockchain update, Cointelegraph reported the following: “At press time, ETH is up 2.59 percent over the day and is trading at around $137.19. The altocin started the day around $132, according to CoinMarketCap.” Today, 1st March, it is at around $136, indicating a temporary downturn.

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