What you need to know about the upcoming Ethereum hard fork

There will be a hard fork to the Ethereum blockchain at some point in January. The expected timeframe for the fork is between the 15th to 17th of January 2019. Here's what you have to know as a Bitpanda user.

The hard fork — named Constantinople — is a major update to Ethereum's blockchain protocol which will attempt to address questions of scaling. Despite the update making a lot of changes, it is uncontentious and highly unlikely to spawn any new chains. Therefore, there will be no new coins.

The update will alter a number of features and aims to lay the foundation for improving efficiency in the future.

If you are holding Ethereum on a Bitpanda wallet, here's what you should note:

You can securely keep your funds in your ETH Bitpanda wallet and you do not have to do anything, we will perform the upgrade and take care of everything for you in the background. We will temporarily disable all Bitpanda Ethereum wallets and may also disable trading if necessary. Wallets could be down around the time the fork takes place. This is to ensure the network's stability and that all deposits and withdrawals can be safely re-enabled.

For more information, take a look into Bitpanda's fork policy in our terms and conditions.

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